Banco de Costa Rica explained

Banco de Costa Rica
Former Name:Banco de la Unión (until 1890)
Type:Public bank
Industry:Commercial banking
Founders:-->
Hq Location City:San José
Hq Location Country:Costa Rica
Profit:-->
Profit Year:-->
Assets:$7,607,483,881
Equity:$806,606,710
Owners:-->

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, 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]

Notes and References

  1. Web site: Banco de Costa Rica Financial Statements. 11 June 2016. https://web.archive.org/web/20160807061646/http://www.bancobcr.com/in/about%20bcr/financial%20statements/index.html. 7 August 2016. dead.
  2. Web site: Mercados y Tendencias Magazine – Central America Bank Ranking. 14 June 2016. https://web.archive.org/web/20140403153405/http://revistamyt.com/wp-content/uploads/2013/11/RANKING-DE-BANCOS.pdf. 3 April 2014. dead.
  3. Book: Brenes, Lidiette. La nacionalización bancaria en Costa Rica: un juicio histórico.. Flacso. 1990. 9977-68-014-0. Costa Rica.