The financial sector in Costa Rica closed September 2025 with solid profitability driven by banks, finance companies, and cooperatives of varying scales. This analysis is based on the report Financial Institutions in Latin America – Rankings & Benchmarks, which examines the financial statements of more than 2,100 institutions across 18 countries in the region. The study consistently reports the net results of each entity in both local currency and USD, allowing a unified comparison of performance, competitiveness, and leadership across markets.
Costa Rica’s financial industry includes 45 institutions covered in this edition. As of the close of September 2025, the sector accumulated a net result of USD 517 million, equivalent to COL$ 263.433 million. This aggregate figure reflects steady operational efficiency, diversified revenue structures, and the continued prominence of both public and private intermediaries.
The competitive landscape shows a clear concentration of profits among a limited group of leaders. Banco BAC San José stands as the top-performing institution with a net result of USD 129.3 million, consolidating its role as the most profitable competitor in the country. In second place, Caja de ANDE, the savings and loans institution of the National Association of Educators, recorded USD 67.6 million, demonstrating the strong positioning of cooperatives in Costa Rica’s financial ecosystem. Public institutions retained significant weight, with Banco de Costa Rica reaching USD 62.8 million, closely followed by Banco Nacional de Costa Rica, which generated USD 61.4 million.
Mid-tier competitors also showed solid performance. Citi Costa Rica and Banco Popular y de Desarrollo Comunal both achieved USD 35.4 million. Cooperative entities maintained an active role in the market, with COOPENAE posting USD 16.1 million, and Coopealianza generating USD 10.2 million, reinforcing the relevance of the cooperative model in regional credit access.
International players remained profitable as well. DaviBank (Scotiabank) reported USD 15.4 million, In addition, BANHVI, the state-owned housing bank, ended the period with USD 12.9 million, reflecting its specialized mandate and consistent financial results.
In summary, Costa Rica’s financial system shows a balanced mix of public banks, private banks, cooperatives, and foreign subsidiaries, all contributing to a sector that remains profitable and competitive. The 2025 results confirm the consolidation of leading entities while demonstrating the resilience and diversity that characterize the Costa Rican financial market.