Country Awards for Excellence 2015: Central America and Caribbean
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Awards

Country Awards for Excellence 2015: Central America and Caribbean



 

Regional awards

Central America and Caribbean press release

View full 2015 results

 

Costa Rica

 

Dominican Republic

 

El Salvador

 

Guatemala

 

Nicaragua

 

Panama

 

Puerto Rico


 

 

 

 

 

 

 

 


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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. Scotiabank Costa Rica’s CEO, Jean-Luc Rich, implemented a growth strategy that was focused on building from the bank’s leading position in mortgages and car loans and boosting its market share in unsecured lending and credit cards. Total lending grew 9.25%, while the deposit base held steady at a 7.2% market share (growing by 2.6%).



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Dominican Republic Best bank: Banco Popular Dominicano

The Dominican Republic has one of the region’s strongest economies.






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