China Development Bank provides $50 million loan to Banco Nacional de Costa Rica for unspecified purposes

📋 Staff Comments

1. Information is available on page 33 of the Ministry of Commerce's Costa Rica investment guide for 2021.
2. Banco Nacional de Costa Rica or BNCR is a state-owned bank. It is the largest commercial bank in Costa Rica and the second largest in Central America by assets. It has a 49% stake in Banco de Costa Rica International Limited (BICSA), incorporated with the Republic of Panama entity, and 100% of the shares of BN-Securities (Stock Exchange Market), BN-Vital (Operator owner pension fund), BN-SAFI (Mutual Funds) and BN insurance broker. in January 2013, the Fitch Ratings classified Banco Nacional de Costa Rica as an 'AA + (cri)' class bank.

📚 Sources & References

对外投资合作国别（地区）指南 - 哥斯达黎加 (2021年版) Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.