Once again, Euromoney can’t make an award for best bank in Costa Rica, since the economy is dominated by the dreadful state-owned banks. Smaller, privately owned banks are attempting to compete by growth through consolidation and acquisition, but it’s far from clear that any of them is doing so in a sensible, sustainable way.
The debt house award is easy, however. For the second year in a row, Deutsche Bank was the sole bookrunner on the sovereign’s only bond issue.
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