Banco Popular
in Costa Rica 🇨🇷
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About Banco Popular in Costa Rica
Banco Popular y de Desarrollo Comunal, commonly known as Banco Popular, is a unique worker-owned cooperative bank in Costa Rica. Established as a public institution with a distinctive ownership structure, it serves as Costa Rica's third-largest bank, offering comprehensive financial services to workers, small and medium-sized enterprises, cooperatives, and community development associations. The bank operates with a triple bottom line mandate: economic sustainability, environmental responsibility, and social welfare.
As of recent data, Banco Popular operates over 103 branches nationwide, employs approximately 4,300 people, and manages assets exceeding $5.4 billion USD. The bank serves approximately 1.2 million worker-owners, representing roughly 20% of Costa Rica's population.