Costa Rica’s Banco Nacional expects growth of 12 percent in total credit available
Thursday, January 13, 2011
Costa Rica’s state-run Banco Nacional announced that 2011 is predicted to be a strong bet for credit positioning, despite the low growth shown during the previous twelve months.
Last year, Banco Nacional, the largest bank in Costa Rica, only increased its portfolio by 5 percent, the lowest growth among the group of publicly owned banks.
Fernando Naranjo, chief of Banco Nacional, said that this year: “Adding everything, all the financial calculations of the bank, we are expecting a growth of 12 percent in the total credit available.”
Original source: The Costa Rica News