Banco Nacional de Costa Rica — The government-run National Bank of Costa Rica, founded in 1914, is the largest in Central America. It has a stated mission for economic development and maintains a large infrastructure of branches and automatic teller machines throughout the nation.
About Banco Nacional de Costa Rica
The National Bank, part of the State of Costa Rica, is the largest in Costa Rica and Central America. It was founded on October 9, 1914 under the name International Bank of Costa Rica. In 1936 it changed its name to National Bank of Costa Rica, and has since established itself as a true development bank with the overarching goal of economic, social and financial progress for the country and its citizens.
The National Bank employs about 5,000 people and has a network of over 170 branches and more than 400 ATMs nationwide. It also has affiliations with more than 1,200 commercial establishments which can process cash withdrawals and card payments and credit operations.
Focus on Women's Empowerment
BNCR's "Banca Mujer" brand focuses on woman-owned small and medium enterprise banking. Spun off in 2010 from "Banca de Desarrollo," which focuses on the SME market generally, with no gender-specific emphasis, Banca Mujer took off immediately, growing the portfolio of loans made to woman-owned SMEs by 48% in just two years (2010 spin off to 2012). Along with credit products to capitalize woman-owned SMEs, Banca Mujer delivers business development services and financial education to women through a strategic alliance with a leading public university. BNCR hopes to expand the Banca Mujer brand beyond SME lending to encompass the full range of women customer segments (e.g., students, stay-at-home women, high-net-worth women, salaried women) beyond entrepreneurs, with a full range of savings and credit products.