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Costa Rica Best bank: Scotiabank Costa Rica |
Uncertainty around the elections in 2014 led to a steep devaluation in the currency in the first half of 2014, which created a challenging environment for the Costa Rican banks as investment and consumption tailed off, creating a terrible macroeconomic environment for credit growth within the economy. Scotiabank Costa Rica navigated these choppy waters better than others, helped by a boost to its results from maintaining a long-dollar position that generated considerable earnings from the local devaluation.
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