More

    Fitch Gives AA + Rating to Banco de Costa Rica

    Must Read

    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    The Costa Rica News (TCRN) – The international rating agency, Fitch Ratings, affirmed the National long-term rating to Banco de Costa Rica (BCR) as AA + with a stable outlook; whereby the financial institution has one of the highest ratings that can be received locally.

    Besides their internal capital generation being analyzed, Fitch looked at sustainable growth of assets and their ability to maintain capital ratios at appropriate levels.

    TIP: Get our latest content by joining our newsletter. Don't miss out on news that matter in Costa Rica. Click here.

    “This qualification further confirms the soundness of the Bank, with healthy financial indicators, continuous improvement in efficiency, greater diversification and adequate profitability. These aspects will allow the BCR to grow at a steady rate over the long term,” said Mario Rivera, general manager of the Bank of Costa Rica.

    Fitch said the BCR remains the second largest market share by volume of loans and deposits and, through its subsidiaries, the bank reaches a greater diversification of non-interest income and expands their business out of Costa Rica.

    The Costa Rica News (TCRN)

    San Jose, Costa Rica

    LIKE THIS ARTICLE? Sign up to our newsletter and we will send you updates of our latest content as soon as they are available. Click here.

    - Advertisement -
    - Advertisement -

    Latest News

    Costa Rica Highlights Robust Recovery with Arrival of Tourists from the United States

    Costa Rica highlighted this week that the number of US tourists who arrived by air in September was 46,804,...
    - Advertisement -

    More Articles Like This

    - Advertisement -

    LIKE THIS ARTICLE? Sign up to our newsletter and we will send you updates of our latest content as soon as they are available. Click here.

    Language »

    Get TCRN In Your Inbox & Never Miss Any News That Matter In Costa Rica!