Tuesday 28 September 2021

Sign Of The Times? BCR Closes 5 Branches

Bank says closures are also due to the implementation of a series of innovation and self-management processes; 20 people left without work

Paying the bills


Panama will vaccinate tourists

Q24N - Non-immunized tourists visiting Panama will receive the...

End of 2021 would be the beginning of a “good” high season in tourism

QCOSTARICA - The end of 2021 would mark the...

Costa Rica 4th Latin American country best prepared to develop high-impact ventures

QCOSTARICA - Costa Rica is the fourth best ecosystem...

CCSS applied 195,598 first doses of vaccine against covid-19 during the Vaccination

QCOSTARICA - The vaccination teams of the Caja Costarricense...

Can tourists get vaccinated in Costa Rica?

QCOSTARICA - Can tourists be vaccinated in Costa Rica,...

Today’s Vehicle Restriction September 28: Plates ending in “3 & 4” CANNOT circulate

QCOSTARICA - For today, Tuesday, September 28, vehicles with...

Mexico reveals why it rejects tourists from Costa Rica

QCOSTARICA - Mexico has been one of the favorite...
Paying the bills


Although the Banco de Costa Rica (BCR) closed 2019 with an increase in profits, last week it announced the closure of five of its branches in the country and the reduction of 20 jobs.

Courtesy BCR

BCR spokeswoman, Hilda Durán, confirmed that this measure is taken in order to “rationalize expenses”.

- Advertisement -

The branches closed are located in Herradura (Garabito), Malpaís (Central Canton of Puntarenas), Plaza del Sol (Curridabat), Pocora and Río Jiménez (Guácimo).

“Basically, what the bank does is rationalize expenses, so when it sees that some measures have to be taken, it is applied administratively in branches that have a problem,” Durán said.

Regarding the officials who work in the agencies, Durán said that each case will be studied individually to make a decision. In other words, if they will be kept on, relocated to other areas of the bank, or let go.

“These closures are also due to the implementation of a series of innovation and self-management processes, without this leading to increased administrative expenses,” added Durán. “In other cases, when some branches are closed it is because the economic zone of influence tends to suffer some detriment”.

The spokeswoman was asked if the bank plans to continue with this reorganization but did not elaborate.

The bank’s spokesperson also denied that the bank carried out some type of internal restructuring.

- Advertisement -

According to Duran, the BCR currently has approximately 4,000 employees.

The BCE had a net operating income of ¢46.3 billion colones in 2019 (higher than the industry average of ¢37 billion) and 69% higher than in 2018. The bank closed 2019 with equity of ¢564.85 billion colones.

- Advertisement -
Paying the bills
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

US$90 Million for Banking Sector

QCOSTARICA - With the aim of strengthening the liquidity of Costa...

Thursday’s Downpour flooded the new Legislative Assembly building

HQ - The first downpour of 2021 - in March! -...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.