Best Bank Costa Rica: Sweet Insulation

Best Bank Costa Rica: Sweet Insulation

Banco Nacional de Costa Rica (BNCR) remains the largest, with $5.56 billion in assets as of June, ahead of Banco de Costa Rica’s (BCR) $3.75 billion. During the downturn, however, return on equity (ROE) at the larger bank sunk to 13.2% from 18.3% the year before, while BCR’s managed to rise slightly to 14.06% from 12.28%.  BCR’s ROA was up to 2.22% in June, from 1.95% the year before. Total assets increased to the June levels from $3.53 billion the year before.“As a state-backed bank we have played a very decisive and important role in trying to inject credit and more liquidity through remote activity,” says Mario Rivera, general manager at BCR. He says the bank

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