CORPORATIVE PRESENTATION in brief
Brief history of Coopenae
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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
CORPORATIVE PRESENTATION in brief
Mission
Best option. Increase the quality of life of our
associates.
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Everyone on the staff must work hard and believe in
their integral development as a human being.
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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.
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CORPORATIVE PRESENTATION in brief
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.
CORPORATIVE PRESENTATION in brief
Background information of
Costa Rica
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Population, approximately 4.5 million
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Land area, 51.000 square kilometers
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Annual inflation, average 10% since 2006, for 2010 our
inflation was 5.82%.
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Exchange rate, US$ 1 to ¢498.61 (colones)
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Assets of Financial Institutions represent 90% of our
annual GDP (we call it PIB)
CORPORATIVE PRESENTATION in brief
Costa Rican Financial System
(June 2011)
Total Assets (millions)
Q
Total Colons ¢
%
Banks owned by the government
Banks created by special Law
Private Banks
Other financial companies
Cooperatives
Housing Mutuals
3
2
12
5
31
3
₡6,580,335
₡1,681,395
₡4,472,828
₡126,312
₡1,223,658
₡600,078
44.81%
11.45%
30.46%
0.86%
8.33%
4.09%
Total
56
Total
Dollars $
$11,784
$3,011
$8,010
$226
$2,191
$1,075
₡14,684,607 100.00% ₡26,297
Source: www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Ranking - Private Financial System
- millions of US dollars – June 2011 Company
Bac
Scotiabank
Hsbc
Mutual Alajuela
Coopenae
Citi
Promerica
Coopeservidores
Lafise
Improsa
Mucap
Coopeande 1
Bct
Banco CMB
Coopealianza
Coocique
Bansol
Banco General
Desyfin
Cathay
Coopecaja
Cafsa
Comeca
Financiera G&T
Multivalores
Assets
2,330
2,033
1,439
793
659
630
556
463
433
413
410
365
365
332
241
194
155
152
138
132
95
42
32
30
12
Loans
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
1,717
1,492
885
524
425
405
352
298
266
238
247
265
224
55
171
118
102
120
85
67
85
33
22
18
9
Capital
1
2
3
4
5
6
7
8
9
12
11
10
13
21
14
16
17
15
18
20
19
22
23
24
25
258
239
155
64
121
125
50
92
27
50
27
85
36
38
32
27
19
34
12
18
34
6
5
5
4
Profits
1
2
3
8
5
4
10
6
18
9
16
7
12
11
15
17
19
13
21
20
14
22
23
24
25
23
2
3
4
7
0
4
5
1
2
2
5
2
2
2
1
1
0
1
0
3
0
0
0
0
1
14
8
6
2
19
5
3
15
13
9
4
11
10
12
18
17
23
16
22
7
21
20
24
25
Source: www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Ranking - Cooperatives
- US dollars (millions), June 2011 Company
Coopenae
Coopeservidores
Coopeande 1
Coopealianza
Coocique
Coopecaja
Coopemep
Coopebanpo
Coopejudicial
Credecoop
Coopeaya
Coopavegra
Coopegrecia
Coopeamistad
Coopefyl
Coopesn marcos
Coopesn ramon
Coopeco
Coopeorotina
Coopelecheros
Assets
659
463
365
241
194
95
67
44
28
27
27
26
24
20
19
17
17
14
12
11
Loans
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
425
298
265
171
118
85
58
34
21
15
15
13
15
17
14
5
8
10
8
6
Capital
1
2
3
4
5
6
7
8
9
11
13
15
12
10
14
26
18
16
17
21
121
92
85
32
27
34
26
8
14
7
6
6
4
5
8
3
3
4
2
2
Profits
1
2
3
5
6
4
7
10
8
11
12
13
17
14
9
20
21 15
23
26
7
1
5
2
5
3
2
5
1
8
3
4
1
7
0
10
1
6
0
13
0
12
0
11
0
14
0
19
1
9
0
16
0
0
0
0
31
26
20
27
Source: www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Ranking – Cooperatives in Latin America
- US dollars (millions), December 2010 -
País Rank
CHL
MEX
BRA
CR
BRA
BRA
MEX
BRA
BRA
1
2
3
4
5
6
7
8
9
Nombre
Coopeuch
Caja Popular Mexicana
CREDICITRUS
COOPENAE
COOPERFORTE CECMF INST FIN FED
CCPRE INTERIOR PAULISTA
Caja de Ahorro de los Telefonistas
CC VALE DO ITAJAI - VIACREDI
CCR PLANT CANA ZONA DE GUARIBA
Activos
ME
2.088,2
1.911,8
1.343,4
600,5
552,9
549,8
530,0
490,4
408,1
% Part. Sist.
Finan.1
Nacional
0,90%
0,43%
0,05%
2,19%
0,02%
0,02%
0,12%
0,02%
0,02%
% Part. en el Sist.
Finan. Coop.2
Nacional
LAC
72,53% 3,00%
30,70% 2,75%
1,93% 1,93%
26,30% 0,86%
0,80% 0,80%
0,79% 0,79%
8,51% 0,76%
0,71% 0,71%
0,59% 0,59%
Source: www.DGRV.org
CORPORATIVE PRESENTATION in brief
Balance Sheet
(US $ millions)
Variation
10
59
Assets
jun-11
659
100.0
dic-10
100.0
600
Current Assets
Net Loans
Investments
Improductive Assets
628
419
209
31
95.3
63.5
31.8
4.7
567
378
190
33
94.5
62.9
31.6
5.5
61
41
20
-2
11
11
10
-6
Capital and Liabilities
659
100.0
600
100.0
59
10
Total Liabilities
Liabilities with financial cost
Savings
Debts with other banks
538
521
376
145
81.6
79.0
57.0
22.0
493
476
317
160
82.1
79.3
52.7
26.6
45
44
59
-14
9
9
19
-9
Liabilities without financial Cost
17
2.6
17
2.8
1
3
Share Capital
121
18.4
107
17.9
14
13
CORPORATIVE PRESENTATION in brief
Profits or loss (income) statement
(million US $)
d
Financial Revenues
Financial Expenses
Gross Financial Profits
Operative revenues
Profits before OE
Operative expenses
Net Profits
jun-11
d
48
32
16
2
18
11
7
100.0%
67.5%
32.5%
4.1%
36.6%
22.6%
14.0%
dic-10
92
66
26
3
29
19
11
100.0%
71.7%
28.3%
3.6%
31.9%
20.3%
11.7%
Variation
3
2.8%
-2
-3.3%
5
18.4%
1
60.7%
5
18.2%
3
14.9%
3
23.9%
CORPORATIVE PRESENTATION in brief
Credit Default
3,08%
June 2011
2,59%
2,12%
1,84%
1,47%
1,29%
0,86%
Goverment
Banks
Popular Bank
Private banks
Coopenae 0.38%
Other
Finac.Inst
Cooperatives
Source: www.sugef.fi.cr
Housing
Mutuals
Total Financial
System
CORPORATIVE PRESENTATION in brief
Liquidity
Source: www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Return on Equity (ROE)
ROE Coopenae 11.70%
Source: www.sugef.fi.cr
CORPORATIVE PRESENTATION in brief
Annual profits
6,730
5,451
4,223
4,611
4,354
2,437
1,938
566
654
871 1,046
1,411
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
CORPORATIVE PRESENTATION in brief
Capital Adequacy ratio (CAR)
Fuente: elaboración propia, datos de www.sugef.fi.cr