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Costa Rican state banks beat private international competitors in asset growth

Tuesday, February 14, 2012

Costa Rica's state banks have surpassed private international banks in growth of assets over the last four years.

One of the reasons for the growth is the economic crisis of 2008, when Costa Ricans preferred the State's backing of funds in public banking.

In addition, state banks reduced their loan interest rates by up to two percentage points, as part of a plan to reactivate the country's economy.

Source: La República