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Historic Banco de Costa Rica Thrives In Modern Age

Since Banco de Costa Rica’s (BCR) inception in the 19th century the bank’s sole focus has been to strengthen the country’s economy through smart business and investment

In 1877  the BCR was created with the sole purpose of creating business through good banking. Its founders wanted to achieve success through good service, guided by the values of integrity, commitment and solidarity.

It has succeeded, and today Banco de Costa Rica is no different: a financial conglomerate engaged in commercial banking, mutual funds, stocks and securities brokerage, insurance brokerage and pension funds, among others.

Since its creation, BCR has boosted the national economy by providing credit for an array of sectors, notably those working in production, exports and the development of public and private infrastructure. In parallel, the bank has provided loans to small and medium businesses, while without any outside help, has supported cultural, educational, sports and health initiatives, which has greatly contributed to improving the quality of life of the Costa Rican population.

Since its foundation, BCR has dedicated itself to the development of infrastructure, considering it a basic and urgent requirement for the development of any country. With vision and tenacity, BCR accepted the challenge of financing projects requiring significant financial resources and an enormous capacity for institutional management. Throughout its history, BCR has promoted the economic and social development of Costa Rica by financing power plants, pipelines, roads, schools and hospitals.

Despite the current economic climate, Banco de Costa Rica remains committed to the country’s development in the areas of telecommunications, power generation, construction and other large scale projects necessary to keep Costa Rica at a level for global competitiveness. In addition, BCR supports governmental efforts to simplify public matters. This support exists in many forms, notably using its offices and technology platform for the issuance of registration certificates, driving licenses and renewal of passports which helps the government establish a maturity in online services.

BCR contributes to the high level of banking penetration of the Costa Rican public, boasting the largest nationwide coverage. BCR currently has a presence in 83 percent of the country’s districts via its 246 branches (48 in companies, 22 in business centres, 160 in offices and 16 quicktellers).

Similarly, its customers have access to various electronic modes of banking – such as online banking – through its innovative website, telephone banking and 1,658 ATMs distributed all across the country (484 of its own units and the remainder from alliances). Electronic banking usage has shown a positive evolution, where electronic transactions has grown to form 80 percent of all of those made in the Costa Rican domain.

BCR’s commitment to excellence is evident when it uses its vast expertise to develop the services and products that meet the needs of their customers and, in turn, generates satisfactory returns to maintain its strength, reliability and contribution to sustainable development in Costa Rica.

Today, 135 years after its formation, Banco de Costa Rica stands firm on its commitment to promote social development, competitiveness and the sustainability of Costa Rica; offering its customers an excellent public financial conglomerate and financial service innovator.

The recognition received from World Finance is an acknowledgement which coincides with the celebration of the bank’s 135th anniversary. It is a reflection on the bank’s exemplary conduct as regards administrative and financial management, as well as its outstanding customer services, and the significant and positive impact it has had on the country’s economic activity.

From WordFinance.com
 

 

 
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