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Brief history of Coopenae

Brief history of Coopenae. Who is Coopenae? Coopenae is a private financial institution (like a National Credit Union in USA). 1966, was founded in July 1966.(45 years old) 1983, started the process of specialization as a financial institution. 1994 , began being supervised by SUGEF.

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Brief history of Coopenae

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  1. Brief history of Coopenae • Who is Coopenae? Coopenae is a private financial institution (like a National Credit Union in USA). • 1966, was founded in July 1966.(45 years old) • 1983, started the process of specialization as a financial institution. • 1994, began being supervised by SUGEF. • 1999, successfully overcame the crisis in the cooperative sector. • 2001, started leading the market and reached a market share of 12% (at this time 23%). • 2004, the target market was expanded. • 2008, insurance market and homebanking • 2009, Net - Coopenae

  2. Mission • Best option. Increase the quality of life of our associates. • Everyone on the staff must work hard and believe in their integral development as a human being. • We will do our job day by day as professionals, with excellence in customer service, sensitivity and generating trust with the management of the company.

  3. VISIÓN Vision • We will be a leading cooperative and a model in the global context, where the most important goal (WIG) is the full satisfaction of the associates as both owners and clients.

  4. Background information of Costa Rica • Population, approximately 4.5 million • Land area, 51.000 square kilometers • Annual inflation, average 10% since 2006, for 2010 our inflation was 5.82%. • Exchange rate, US$ 1 to ¢498.61 (colones) • Assets of Financial Institutions represent 90% of our annual GDP (we call it PIB)

  5. Costa Rican Financial System(June 2011) Source: www.sugef.fi.cr

  6. Ranking - Private Financial System- millions of US dollars – June 2011 - Source: www.sugef.fi.cr

  7. Ranking - Cooperatives- US dollars (millions), June 2011 - Source: www.sugef.fi.cr

  8. Ranking – Cooperatives in Latin America- US dollars (millions), December 2010 - Source: www.DGRV.org

  9. Balance Sheet(US $ millions)

  10. Profits or loss (income) statement(million US $) d d

  11. Credit Default Coopenae 0.38% Source: www.sugef.fi.cr

  12. Liquidity Source: www.sugef.fi.cr

  13. Return on Equity (ROE) ROE Coopenae 11.70% Source: www.sugef.fi.cr

  14. Annual profits

  15. Capital Adequacy ratio (CAR) Fuente: elaboración propia, datos de www.sugef.fi.cr

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