Banco de Costa Rica

repaid

The IIC Loan will be used to bolster BCR capital and to finance Costa Rican SMEs through subloans for up to US$500,000.In 1948, the Founding Junta of Costa Rica’s Second Republic nationalized the entire banking system, including BCR, which became an autonomous institution under Articles 188 and 189 of the country’s Constitution, according to which state-owned banks are independent public-law agencies with separate legal status and administrative autonomy.Since its founding, BCR has engaged in activities in which it has a clear competitive advantage, which has enabled it to develop excellent quality products and services, generate the necessary profit to remain sound, enhance its reliability, and help drive the country’s sustainable development.In recent years, BCR has also taken steps to modernize and innovate its services and customer care operations, with a view to achieving greater levels of responsiveness and convenience through the use and implementation of modern technology.