At present, the bank has only a representative office in Nicaragua. Victor Emilio Herrera, chairman of Bicsa's board, said the office in Panama would seek out business generated by the amplification of the Panama Canal.

Source: Nacion.com

More on this topic

Flagrant Contradictions in Costa Rican Banking System

May 2016

It is difficult to understand - especially because it has been made public - how a major state bank has described the International Bank of Costa Rica as "high risk" while another main state bank has stated the opposite.

EDITORIAL

The banks involved are Banco de Costa Rica (BCR) and Banco Nacional (BN).

Wind Energy Project Financing Deal Completed

July 2011

Blue Power has signed a financing agreement for $80 million with Bicsa bank, for the completion of the project in Nicaragua.

Once completed, the Blue Power & Energy wind generation farm will be able to generate 39.6 megawatts of clean energy, which corresponds to annual savings of $22 million for the country, according to Emilio Rapaccioli, the energy minister.

Bicsa Securities Traded in El Salvador Stock Exchange

January 2011

Banco Internacional de Costa Rica traded in the secondary market of El Salvador a total of $ 5 million Series F bonds.

"The series will pay a fixed interest rate of 4.50% 5-year term, with interest payments on a quarterly basis and principal due at maturity. The issue received a risk rating of AA (slv) by Fitch and AA-(slv) by Equilibrium." published Elsalvador.com.

Banco de Costa Rica opens new branches

April 2008

Banco de Costa Rica (BCR), a state-owned commercial bank, opened two new banches, one in the Cartago Industrial Park, the other in Ciudad Colón, as part of an ambitious expansion plan.

All usual retail bank services will be on offer at the new locations, which bring to 225 BCR's number of branches.