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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