1 / 15

Coopenae: A Pioneer in Costa Rica's Financial Sector

Explore the evolution of Coopenae, a leading private financial institution in Costa Rica, since its founding in 1966 to its market dominance and mission to enhance the quality of life for members. Learn about Costa Rica's financial landscape and Coopenae's performance metrics.

kalin
Download Presentation

Coopenae: A Pioneer in Costa Rica's Financial Sector

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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

More Related