Banco Internacional de Costa Rica’s IDR Affirmed by Fitch

Fitch Ratings has recently announced affirmation of the Banco Internacional de Costa Rica’s Issuer Default Rating. The rating was issued at BB+ and was issued following a peer review.

BICSA was originally created as a venue for extending operations outside Costa Rica and beyond state-owned banks. Since then, BICSA has experienced significant success and has extended its portfolio outside Costa Rica while maintaining excellent profitability and asset quality.

Currently, funding for BICSA comes primarily from term deposits, bank loans, and financing. The bank’s profitability at the moment is below the system’s average, but is somewhat constrained due to a corporate focus. The conservative underwriting standards of BICSA, along with good loan diversification has benefitted its asset quality. At the same time, the bank has managed to maintain a low rate for loans of 90+ days past due over the course of the past five years.

Daveed Hollander

Daveed Hollander

With over 2 decades of doing business in Costa Rica real estate industry Daveed Hollander is a trusted realtor for the southern pacific region of Costa Rica. Delivering a professional and tailored service Daveed offers you a wide ranging portfolio of quality properties. With an in-depth knowledge and a genuine appreciation for the area, he enthusiastically supports sustainable development in the southern pacific. A respected and active participant in the local community Daveed and his family reside in Dominical. Fluent in English and Spanish, Daveed has established regional connections and excellent communication skills allow him to successfully identify valid and authenticated investment opportunities. Well known for his friendly and genuine approach your search for a potential property is benefited by his conscientious and detail orientated service.