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
We could say this were ground-breaking products. And this three products have had a long lifecycle

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.
Let me stress the main aspects of our mission

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, square kilometers
Annual inflation, average 10% since 2006, for 2010 our inflation was 5.82%.
Exchange rate, US$ 1 to ¢ (colones)
Assets of Financial Institutions represent 90% of our annual GDP (we call it PIB)
I considerer it is important for you to know some relevant info of CR. That will allow you to make comparisons more accurately.
GDP, gross domestic product. As you probably know that percentage is more than 100% in more developed Economies of Latin America and more than 200 or 300% in Canada and the US.
Background

5. Costa Rican Financial System (June 2011)
As you can see in this table, our financial system is relatively small in comparison with yours.
The last years the percentage have been increasing faster.
And, on the other hand this the biggest participation of cooperatives al around Latin American.
Source:

6. Ranking - Private Financial System - millions of US dollars – June 2011 -
If you look at the table. Sixth largest or Sixth on the list, regarding assets
The 17 biggest
Source:

7. Ranking - Cooperatives - US dollars (millions), June 2011 -
If you take a look at the first table
I think that covers everything in relation to my introduction or background
Source:

8. % Part. en el Sist. Finan. Coop.2
Ranking – Cooperatives in Latin America - US dollars (millions), December
País
Rank
Nombre
Activos
% Part. Sist. Finan.1
% Part. en el Sist. Finan. Coop.2 ME
Nacional
LAC
CHL 1
Coopeuch
2.088,2
0,90%
72,53%
3,00%
MEX 2
Caja Popular Mexicana
1.911,8
0,43%
30,70%
2,75%
BRA 3
CREDICITRUS                                                 
1.343,4
0,05%
1,93% CR 4
COOPENAE
600,5
2,19%
26,30%
0,86% 5
COOPERFORTE CECMF INST FIN FED                             
552,9
0,02%
0,80% 6
CCPRE INTERIOR PAULISTA                                    
549,8
0,79% 7
Caja de Ahorro de los Telefonistas
530,0
0,12%
8,51%
0,76% 8
CC VALE DO ITAJAI - VIACREDI                               
490,4
0,71% 9
CCR PLANT CANA ZONA DE GUARIBA                             
408,1
0,59%
If you take a look at the first table
I think that covers everything in relation to my introduction or background
Source:

9. Balance Sheet (US $ millions)
Our business grew by 39.8% first nine months of the year.
Loans increase 47.4% to millions
There has been and increase of
Changes: dramatic, marked, significant slight

10. Profits or loss (income) statement (million US $)d d
Last year we made a profit of 4.7 million dollars.
In this years our profits have risen dramatically
Operative expenses now stand at 6.9 million dollars
Forecast page 43
The bottom line

11. Credit Default Coopenae 0.38% the delinquency rate had risen
Source:

12. Liquidity Lidity shortfall in Costa Rican banking system
Source:

13. Return on Equity (ROE)
ROE Coopenae 11.70%
Source:

14. Annual profits

15. Capital Adequacy ratio (CAR)
Capital requirements are increasing. Costa Rican regulators
Fuente: elaboración propia, datos de