Banco Internacional de Costa Rica S.A.

For inquiries and comments to IIC, contact:
IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

For project inquiries, including environmental and social questions related to an IIC investment, please contact the client or the IIC using the contact information provided above. In addition, project affected communities have access to the IIC Independent Consultation and Investigation Mechanism.
Tel:+1 (202) 623-3952
Fax: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USA. 20577
E-mail: mecanismo@iadb.org or MICI@iadb.org

Project Number: 
PA3754A-01
Expected Consideration Date by the Board: 
04/27/2010
Date Posted: 
03/25/2010
Company: 
Banco Internacional de Costa Rica S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
Panama
Country: 
Scope Objective: 
Banco Internacional de Costa Rica S.A. (BICSA) is a private bank located in Panama, where it holds a general banking license and an international banking license. BICSA is owned by Banco Nacional de Costa Rica S.A. and Banco de Costa Rica S.A. It provides a full line of financial services to companies in several Central American countries and Panama. The purpose of the IIC project is to support the bank’s lending activities and partially fund the growth of its SME portfolio. The IIC’s US$15 million loan will enable BICSA to expand its medium-term funding.

For additional information contact:

External Relations
Tel.: (202) 623-3878
Fax: (202) 623-3815
E-mail: iicmail@iadb.org
Environmental Review: 
Environmental and Labor Issues:

This is a category III project according to the IIC’s environmental and labor review procedure because it could produce certain effects that may be avoided or mitigated by following generally recognized performance standards, guidelines, or design criteria. To enable the Borrower to better understand the IIC’s requirements, BICSA shall be required to attend the IIC financial intermediary environmental training workshop. Each subproject will be subject to an environmental review and must comply with national environmental and labor laws, regulations, and standards as well as IIC environmental guidelines.