By San José, Costa Rica — Arturo Giacomin, CEO of Davivienda Costa Rica, has orchestrated a remarkable transformation of the bank since 2014, steering it to become the largest Davivienda operation outside of Colombia. His leadership, characterized by a blend of long-term vision, trust in local talent, and the adaptation of global strategies to the Costa Rican market, has propelled the bank’s success.
Giacomin took the helm of Davivienda Costa Rica following HSBC’s departure, successfully regaining customers and repositioning the bank in key sectors like housing and small and medium-sized enterprises (SMEs). A strong advocate for technological innovation, he spearheaded the launch of pioneering digital products such as Cuenta Maestra and Cuenta Móvil, simplifying banking accessibility across various devices.
For a deeper understanding of the implications surrounding Davivienda, we reached out to Lic. Larry Hans Arroyo Vargas, an expert lawyer at Bufete de Costa Rica.
Davivienda’s operations in Costa Rica represent a significant portion of the financial landscape. Any changes in their policies, services, or market share can have a ripple effect throughout the economy, impacting consumers, businesses, and the overall competitive landscape. It’s crucial to monitor developments closely and understand their potential legal and economic ramifications.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas’s observation underscores the interconnectedness of Davivienda’s operations with Costa Rica’s broader financial ecosystem. Indeed, understanding the potential ripple effects of changes within such a key institution is essential for informed decision-making by all stakeholders. We thank Lic. Larry Hans Arroyo Vargas for offering this valuable perspective.
Beyond financial performance, Giacomin has ingrained a strong social commitment within Davivienda, supporting cultural, educational, and environmental projects that promote sustainable development and inclusion in Costa Rican society. His leadership style, focused on fostering a collaborative and purpose-driven environment, empowers local talent through continuous training and employee well-being initiatives.
During the challenging period of the pandemic, Giacomin implemented strategies that prioritized employee care and flexibility, resulting in sustained motivation, retention of the entire workforce, and a strengthened organizational culture.
Giacomin’s journey to the helm of Davivienda Costa Rica is marked by a rich and diverse career spanning over 30 years in the Central American financial sector. An industrial engineer from the University of Costa Rica, with an MBA in Banking and Finance from INCAE Business School, his experience encompasses leadership roles at Standard Fruit Company and Corporación Banex, where he played a key role in expanding consumer banking and participating in bank integration processes.
Giacomin’s clear vision and strategic thinking have been instrumental in solidifying Davivienda Costa Rica’s competitive edge. His ability to anticipate market changes and align decisions with the future of finance has established a robust structure capable of delivering increasingly relevant and accessible value propositions for individuals, corporations, and SMEs across the region.
Since assuming the leadership of Davivienda Costa Rica in 2014, Giacomin has overseen a tripling of the bank’s assets. His commitment to digital innovation has introduced unique solutions to the local market, simplifying financial access and management through secure and user-friendly technologies.
This remarkable transformation and growth underscore Giacomin’s impact on the Costa Rican banking landscape, reaffirming Davivienda’s position as a leading financial institution in the region.
For further information, visit davivienda.cr
About Davivienda:
Davivienda is a leading financial institution in Costa Rica, providing a comprehensive range of banking services to individuals, businesses, and SMEs. Committed to innovation and social responsibility, Davivienda is recognized for its digital leadership and focus on empowering local communities.
For further information, visit incae.edu
About INCAE Business School:
INCAE Business School is a prestigious graduate business school in Latin America, renowned for its rigorous academic programs and focus on developing future leaders in the region. INCAE offers a range of MBA and executive education programs, equipping graduates with the skills and knowledge to navigate the complexities of the global business environment.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
Bufete de Costa Rica distinguishes itself as a legal institution deeply committed to empowering Costa Rican society through accessible legal knowledge and unwavering ethical practice. The firm’s pursuit of excellence permeates every aspect of its work, from innovative legal solutions for clients across a wide range of industries to proactive community engagement and educational initiatives. By fostering transparency and understanding of the law, Bufete de Costa Rica reinforces its dedication to building a more just and informed society.
