Costa Rica: Earnings by state and public sector banks fall

State and public sector banks' earnings fell during the first semester of the year in comparison to the same period from the previous year due to lower profits at the Banco Popular Bank.

Monday, August 4, 2008

Together, the net profits (after taxes and dividends) of the three state banks and the Banco Popular Bank added up to almost $47 billion, 14% less than the figure for the first semester of last year.

More on this topic

Costa Rica: Bank Earnings Down 34%

January 2010

In 2009, banks in the country had net earnings of $190,32 million, 34% less than in 2008.

Data from banking superintendent SUGEF shows that state-owned banks fared worse than privately-owned ones. The first suffered from a 37% reduction in earnings, while the latter 28%.

Costa Rica: State Owned Banks Earn 28% Less

January 2010

From January to November 2009, earnings at state banks reached $125 million, 28.4% less than the same period of 2008.

Banks blame the economic crisis, which caused a sharp contraction in credit.

"Data from the Banking Superintendence (Sugef), also points to other factors, like increased administrative expenses, and in some cases, less earnings for services", reported Prensalibre.cr.

El Salvador: Banking Profits Down 63.5%

November 2009

Salvadoran banks made a profit of $43.6 million in the first 9 months of the year, $75 million less than the same period 2008.

All the banks in the system fared worse than last year, with the exception of Banco Azteca and Citibank.

"Credit was down 9%, as there were less loans granted to the private sector", reported Elsalvador.com.

Costa Rican State Banking Profits Decrease

April 2009

In the first quarter of 2009 state bank profits fell by 25% when compared to the same period in 2008.

According to the Superintendent of Financial Institutions (SUGEF), the opposite happened with private banks, which increased their profits by 12% over the same period.

 close (x)

Receive more news about State bank

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Blue Marlin Beach Resort - Belize

Diving, Fishing, Snorkeling and relaxation resort in southern Belize. Situated on the island of isla South Water Caye the Blue Marlin offers accommodations, meals, all inclusive packages.
The resort is situated 14 miles East-South-East of...

Stock Indexes

(Aug 18)
Dow Jones
-0.35%
S&P 500
-0.18%
Nasdaq
-0.09%

Commodities

(Aug 21)
Brent Crude Oil
52.29
Coffee "C"
131.1
Gold
1,288
Silver
17.02