Banco Nacional Profits Grew 32% Last Year
Banco Nacional, Costa Rica’s largest commercial bank, finished last year with profits of $90 million, 32% more than its profits earned in 2005, according to General Manager William Hayden.
The state-run bank’s assets last year grew 21% to $4.6 billion, while its liabilities and net worth also increased 18% to $4.2 billion, Hayden explained.
The bank’s line of credit has been fundamental to its growth strategy, he said.
Last year, it gave most of its loans to the housing sector (34%) and commercial sector (17%).
Banco Nacional, which is 92 years old and has 1.3 million clients in Costa Rica, is the number one bank in Central America in terms of profits and assets.
You may be interested
Costa Rica confirms measles cases in children of United States citizensAlejandro Zúñiga - March 21, 2019
Costa Rica is enacting a National Surveillance Protocol after confirming two cases of measles, the Health Ministry announced Thursday afternoon.…
Priest accused of sexual abuse arrested trying to leave Costa RicaAFP and The Tico Times - March 21, 2019
A Costa Rican Catholic priest accused of sexual abuse of a minor was arrested Thursday as he tried to leave…
Construction to begin on new terminal at Limón AirportAlejandro Zúñiga - March 21, 2019
The airport in Limón will soon have a modern passenger terminal and is slated to receive several other upgrades as…