BICSA

AcronymDefinition
BICSABritish Insurance Car Security Awards
References in periodicals archive ?
Fitch believes that the parent's IDRs reflect their ability to support BICSA.
In 2016, BICSA received support from both BCR and BNCR to face liquidity concerns at that time, in the form of temporary deposits and asset sales.
Owned by Banco de Costa Rica and Banco Nacional de Costa Rica, the two largest state-owned banks in Costa Rica, BICSA has a strong footprint in Central America, with representative offices in Costa Rica, El Salvador, Guatemala, and Nicaragua, in addition to an agency in Miami.
The transaction, which marks the first syndicated loan in the international markets for BICSA, attracted several financial institutions based in Brazil, Colombia, Chile, United States, and Panama.
BNCR BCR Popular BCAC Cuscatlan Uno Banex Intefin SJ Promeria BCT Cathay Scotiabank Citybank Improsa Lafise Elca BICSA
BICSA, founded in 1994, reported revenues last year of $33 million and assets of $550 million.
BICSA, founded in 1976, maintains a strong focus in corporate loans and market presence in all Central American countries through representative offices located in Costa Rica, Nicaragua, Guatemala and El Salvador, and has a branch in Miami, Florida.
Although BICSA does not benefit from the sovereign guarantee that Costa Rican state-owned banks have, Fitch believes that support for BICSA could be provided by its major shareholder.
In addition to BICSA, it also has three small local wholly-owned subsidiaries involved in non-credit activities.
If required, Fitch believes that support to BICSA could be provided by its major shareholder, BCR, although its ability to provide full and timely support to BICSA could be limited by legal or political issues.
Another goal is improving its competitive position at a regional level, providing further international banking services with a regional scope, primarily through BICSA.
BICSA was established in 1976 to serve as a financing vehicle for global trade of Central American corporations, in view of the increasing economic integration of the region.