On Monday, the directive board of Banco de Costa Rica (BCR) agreed to start negotiation talks with Banco Nacional to buy from it the remaining 49% of Banco Internacional de Costa Rica’s shares.
BCR already owns 51% of BICSA’s shares. According to the latest report by the Fitch Rating on the Panama-based bank, at the end of 2015, it had assets of $ 1,852 million and a net income of $17 million for that year.
BICSA’s offices are present around Central America in El Salvador, Guatemala, Nicaragua and Costa Rica, and outside the region in the United States, with mainly corporate clients.