Saturday 4 February 2023

Is The Banco De Costa Rica For Sale?

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4 February 2023 - At The Banks - BCCR

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The Banco de Costa Rica (BCR) main offices in downtown San Jose, still referred to as the “banco negro” for its dark green/black facade before the renovations almost a decade ago

QCOSTARICA – The Banco de Costa Rica (BCR) is not for sale, as reported in a national newspaper, said the bank in a press release Thursday.

The Diario Extra Thursday morning said a complaint for alleged financial irregularities at the BCR are causing uncertainty and fears within the bank’s corridors, including rumours of a possible sale of the state financial institution.

The Spanish language daily says it has a document signed by “officials of the Banco de Costa Rica”, listing a number of unusual situations that has workers concerned.

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According to the document, the “officials” have made Costa Rica President Luis Guillermo Solis and the Minister of the Presidency, Sergio Alfaro, aware of the situation a few months back and are asking the government to take corrective action, threatening otherwise to go to the media.

In a response by the BCR published in La Republica Thursday afternoon, the bank says, “the financial situation of the BCR is absolute and fully stable in all its indicators and will be further strengthened after completion of the organizational adjustments that are taking place in the institution.”

The chairman of the BCR board of directors, Paola Mora, said on the Nuestra Voz radio program, that the news of the bank being for sale originated in a false email, which is being investigated.

Mora declined to give details on the investigation. However, she added that both BCR management, and that of the Banco Nacional (BN) are addressing it together.

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