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