Banks in Costa Rica – The majority are very stable and solid.

The majority of banks operating in Costa Rica maintain a high level of capital, which should give confidence to those of use with money deposited.

In disclosing their financial information, eight of the twelve main banks in Costa Rica confirmed that their capital was above 14% at the end of May 2011.

This indicator shows the percentage of risk weighted against a bank’s assets (loans and investments) covered by equity. The higher the percentage, the greater the security.

According to the regulators – the Superintendent of Financial Institutions (SUGEF) – this figure (which institutions must calculate each month) should be above 10%, otherwise the bank is at risk of intervention by the the government.

Banco Nacional, Banco de Costa Rica and Citibank did not agree to provide their exact figures however, Banco General, Cathay, Popular, Improsa, Bansol, HSBC, Scotiabank and Bancrédito have levels in excess 14%.

More information in Spanish can be found at El Financiero.

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Andrew Makarik

to@welovecostarica.com

Andrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.