Formation April 20th 1877 Website www.bancobcr.com | Type State Owned Bank Founded 20 April 1877 | |
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Key people Paola Mora Tumminelli - President of the Board of DirectorsMario Barrenechea Coto - CEO Formerly called Banco de la Unión (Until 1890) Motto Somos el Banco de Costa Rica |
Banco de Costa Rica (BCR) is a state-owned commercial bank that operates in Costa Rica. With an equity of $806,606,710, and assets for $7,607,483,881. the bank has established itself as one of the strongest banking companies in both Costa Rica and Central America.
The bank began primarily as a private commercial bank until it was designated as 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.
References
Banco de Costa Rica Wikipedia(Text) CC BY-SA