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]