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    Fitch Gives AA + Rating to Banco de Costa Rica

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    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.

    “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

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