Banco de Costa Rica is a Costa Rican state-owned commercial bank founded in 1877. An autonomous public body that engages in commercial banking and finance activities, it has operations throughout the country.
Banco de Costa Rica is regulated by the Costa Rican financial system oversight body, which also regulates the following subsidiaries of the BCR financial conglomerate (CFBCR): BCR Valores Puesto de Bolsa S. A., BCR Sociedad Administradora de Fondos de Inversión S. A. (BCR SAFI), BCR Pensión Operadora de Planes de Pensiones Complementarias S. A (BCR OPC), Corredora de Seguros S. A, BCR Logística Almacén Fiscal Agrícola de Cartago S.A., BCR Leasing Premium Plus S.A., and Banprocesa S.R.L. The conglomerate holds 100% of the capital stock and employs a total of 4,594 employees.
Its strategic commitment is framed in a solid corporate governance structure that promotes the vision of being the country’s leading financial conglomerate by delivering superior experiences to its customers with the support of technological innovation, excellent attention, and an ample portfolio of products and services to drive the country’s sustainable development.
Summary of the Sustainability Strategy
The conglomerate’s business conduct is inspired by responsible banking principles and values with a sustainable drive business model committed to concrete actions in three dimensions:
Environmental Dimension
Eco-efficiency and Sustainable Financing
The challenges of climate change demand a prioritized environmental agenda that underpins the actions of the BCR financial conglomerate’s corporate decisions, ensuring its operational eco-efficiency and driving sustainable financing through effective value offerings that address the climate change needs of its customers’ different activities.
Social Dimension
Collective Well-being with Economic Growth
We know we cannot aspire to responsible business behavior without employing stakeholder due diligence inspired in human rights, promoting bankarization with inclusion and equality.
Governance/Economic Dimension
Financial Performance and Governance
We are committed to responsible investment of yearly earnings, emphasizing the programs and initiatives that best help drive the country’s sustainable development and strengthening the governance framework under ethical principles and in strict compliance with the law.