Banco de Costa Rica

Banco de Costa Rica
Formerly
 Banco de la Unión (until 1890)
State-owned enterprise
Industry Commercial banking
Founded April 20, 1877 (1877-04-20)
Headquarters San José, Costa Rica
Key people
  • Abel Salas Mora (President, Board of Directors)
  • Eduardo Ramírez Castro (CEO ad int.)
Total assets $7,607,483,881
Total equity $806,606,710
Website www.bancobcr.com

Banco de Costa Rica (BCR) is a state-owned commercial bank that operates in Costa Rica. With an equity of $806,606,710[1] and assets of $7,607,483,881,[1] the bank has established itself as one of the strongest banking companies in both Costa Rica and Central America.[2]

The bank began primarily as a private commercial bank until it was designated a currency issuer and exclusive manager of public revenues in the last decade of the 19th century. After the bank nationalization decree of 1948, Banco de Costa Rica became a financial entity with a major role in the development of the country.[3]

References

  1. 1 2 "Banco de Costa Rica Financial Statements". Retrieved 11 June 2016.
  2. ↑ "Mercados y Tendencias Magazine – Central America Bank Ranking" (PDF). Retrieved 14 June 2016.
  3. ↑ Brenes, Lidiette (1990). La nacionalización bancaria en Costa Rica: un juicio histórico. Costa Rica: Flacso. ISBN 9977-68-014-0.


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