Banco de Costa Rica Requests $30 million from CII

The Banco de Costa Rica (BCR) has requested a $30 million loan to strengthen its capital and to provide financing to SMEs.

Monday, December 19, 2011

A press release from the Inter American Investment Corporation (CII in Spanish) reads:

Loan funds will be used by the CII to strengthen the bank's assets and to improve financing of Costa Rican SME’s, with loans of up to $500,000.

In 1948 the Foundation Board of the Second Republic decreed the nationalization of banks, so the Bank joined it. On that date it was defined as an autonomous institution in accordance with Articles 188 and 189 of the Constitution of the Republic of Costa Rica, State banks are autonomous institutions under public law with their own legal personality and independence in administration.

Since its inception, the BCR has delved into activities with a clear competitive advantage, which has allowed us to develop products and services par excellence, and generate sufficient returns to maintain strength, reaffirm reliability and contribute to the sustainable development of the country.

In recent years, the Bank has been concerned about modernizing and innovating its services and caring for the public who are seeking greater flexibility and comfort through the use and application of modern technology.

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