First Citizens set to open branch in Costa Rica

Bank looking to capitalise on robust economies in Latin America.

PORT-OF-SPAIN, Trinidad, Monday March 19, 2012 – The Trinidad-based First Citizens Bank has announced plans to expand into Central America, with Costa Rica expected to be its first stop.

The bank’s deputy chief executive, Mr. Larry Nath explained Costa Rica possessed one of the more stable and robust economies in Central America, and stressed that there was a greater possibility for the bank building a brand there.

He added that the country also offered long-term stability, a competitive landscape and growth for future opportunities.

Mr. Nath said that the bank would be looking to finalise plans to open its Costa Rica branch within another 90 to 100 days. Click here to receive free news bulletins via email from Caribbean360. (View sample)