The regulated financial intermediation entity Optimum Credit Corporation, SA informed that it completed all the requirements demanded by the Monetary and Financial Law 183-02 to become a
savings and credit bank, under the name of Banco Óptima de Ahorro y Crédito, SA
The institution specified through a press release sent to the media that the final approval
was awarded by the Monetary Board in its session on October 27, 2022, after receiving the
favorable recommendation from the Superintendence of Banks and the Central Bank.
Óptima is an entity that has been operating since 2009, mainly serving the segment of
New and used vehicle financing.
According to the information provided by the Sinbad system of the Superintendency of Banks, the entity presented a return on assets (ROA) of 4.27% as of September 2022 compared to 2.58% in the financial sector, a return on equity (ROE) of 20.26% versus 14.79% of the sector and a solvency of 20.06%, which represents more than double what is required by regulations.
Your credit portfolio
In addition, the note details that its credit portfolio is mainly oriented towards consumption, having a
63% in this line, 28% in commercial loans and 9% in loans for home purchase.
In this sense, the executive vice president of the entity, Juan Arturo Tapia, highlighted that with this conversion “Optima will be able to offer its clients more financial products and services to satisfy the
their needs more effectively. Similarly, continue to focus on growth
of our credit portfolio in a sustainable, profitable and quality manner”.
On his side, the president of Banco Óptima de Ahorro & Crédito, Victor Garcia Fadulthanked the
monetary authorities and the Superintendency of Banks the support received during the process of
conversion, stating that “The conversion of Optima to Banco de Ahorro y Crédito marks a milestone in the
trajectory of the organization and an opportunity to continue consolidating in the financial sector
through a greater offer of financial products and services”.
