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BCR Goes “Beep” With The First “Wearable” Banking in Costa Rica

The Banco de Costa Rica (BCR) is the first bank in Costa Rica to make available to its customers the first "wearable" or wearable device linked to a banking service in the country for purchases. The wristband uses contactless technology for purchases under ¢15,000, as...

Learn to check your cash and avoid scams

The Banco de Costa Rica (BCR) is recommending its clients and the general public to be alert, to check their cash to avoid falling victims of scams, receiving false bills when getting change back. Among the recommendations by the State bank: Do not lose sight...

Former Banco de Costa Rica President Arrested

The Ministerio Público confirmed on Friday afternoon that Paola Mora Tumminelli, former president of the Banco of Costa Rica (BCR), remains detained in cells of the Organismo de Investigación Judicial (OIJ). Mora is being investigated on issues related to the so-called Cementazo or Chinese cement...

Merger Of Two Costa Rica State Banks Proposed. Damage or Benefit?

One of the things the new group of legislators that take their curuls (seats) in the Legislative Assembly today, May 1, is to support or reject the bill for the absorption of the Bancredito by the Banco de Costa Rica (BCR). Last week, the bill...

A Cementazo Christmas! Legislative Commision Requests Sanctions Against 29

  The legislative commission, Comisión Investigadora de Créditos Bancarios de la Asamblea Legislativa (Banking Credits Investigative Committee of the Legislative Assembly), delving into the Chinese cement scandal named #Cementazo, tabled its report that recommends sanctions for 29 public officials of the three branches of government...

BCR Promo Offers 2 Bags Of Chinese Cement To New Accounts

The happy days of banking are back at the State bank, the Banco de Costa Rica (BCR). In an attempt to woo customers, the bank has taken the unusual decision to offer two bags of Chinese cement to all customers opening an account at the...

A Synopisis of the Cementazo Scandal

Rico's TICO BULL - So far I have stayed away from reporting the Cementazo (cement scandal). In the words of a dear friend, it's just gotten boring. In fact, the first few stories in La Nacion daily are about the Cementazo. At the risk...

‘Corporations Tax’ Amnesty For 90 Days

From September 1 to December 1, companies can take advantage of an amnesty to bring to date their payment of the 'Corporations tax'. The "Corporations Tax" is an annual tax for all corporate entities, akin to a 'compulsory annual membership fee'. It is not the...

BCR President To Resign Over Clash With Board of Directors

Q COSTA RICA - A bomb threat that led to the evacuation of the Banco de Costa Rica (BCR) central offices in downtown San Jose, delayed the resigning on Wednesday of the bank's president, Paola Mora Tumminelli. Mora is expected to tender her resignation to...

State Bank Faced With Declining Revenues and Rise In Bad Debts Calls For Government Aid

(QCOSTARICA) Facing financial problems, the Costa Rica state bank, the Banco Crédito Agrícola de Cartago (Bancrédito) has put forth a plan that includes a call for the transfer of state businesses, the administration fo the PYMES and Conape funds and a cash injection of...

The “New” Banking In Costa Rica

(QCOSTARICA) Today, the Banco Nacional (BN) joins the Banco de Costa Rica (BCR), Grupo Mutual and Bancredito allows anyone, including foreigners permanently or temporary and tourists in Costa Rica, to open a bank account without requiring a Costa Rican cedula. The product is known as...

New Bank For Woman Dubbed by Critics “Barbie Bank”

QCOTARICA - The social media is dubbing the new bank for women by the Banco de Costa Rica, the "Barbie bank" of its use of pink in the style of a Barbie world, and a "princess castle" at the City Mall branch, to promote...

Costa Rica Central Bank Introduces Virtual Wallet (Monedero Virtual)

QCOSTARICA - Customers of the Banco Nacional (BN), Banco de Costa Rica (BCR) and BAC San José can, through Monedero Virtual (Virtual Wallet) now make SINPE transfers from the smartphones. The Banco de Central de Costa Rica (BCCR) - Central Bank -  on Thursday introduced...

Public Banking in Costa Rica

In Costa Rica, publicly-owned banks have been available for so long and work so well that people take for granted that any country that knows how to run an economy has a public banking option. Costa Ricans are amazed to hear there is only...

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