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| Awards for Excellence 2012 Regional Awards for Excellence 2012: Latin America All regions and countries |
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| Central American winners by country Costa Rica El Salvador Guatemala Nicaragua Panama |
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Best bank: Banco de Costa Rica |
| In 2011 Costa Rica resumed its pre-crisis GDP growth rate of 4% and the outlook for the country is positive, albeit with exposure to falling commodity prices. Banco de Costa Rica took advantage of the benign economic environment to grow revenues by 13.9% and net income by 20.8% and now accounts for 16.2% of the country’s financial system. The bank’s return on equity began to recover, nudging up to 8.5% from 7.8% the year before. Total assets grew by 9.52% and the bank now has a 20.3% market share. Total deposits grew by 7.2% (to a market share of 21.3%). |
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