BAC San José

BAC San José is the largest private bank in Costa Rica and the most profitable.

About BAC San José

Founded in 1985, BAC San José is part of the BAC Credomatic Group, the largest financial group in the region, which is owned by   Grupo Aval, the leading financial conglomerate in Colombia. The bank serves more than 700,000 retail and corporate customers across Costa Rica, offering them a suite of financial and non-financial services. Innovation is at the core of BAC San José’s strategy, with the development of new technology platforms that facilitate customer transactions and increase accessibility and flexibility. BAC San José operates through a network of 24 full-service branches and more than 500 points of service across Costa Rica. In 2015, Latin Finance awarded BAC Credomatic the Bank of the Year Central America award, and BAC San José the Bank of the Year Costa Rica award.

The Program

BAC San José is in the process of developing a pilot that evaluates the most successful inputs provided to women entrepreneurs with the support of the Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB). The project will allow BAC San José to better understand if women are satisfied with current products, what kind of adjustments may be needed, how successful the bank’s messaging is to women, and what is the effect of supporting women with a personalized approach that provides them with business skills and personal support. With the results of the pilot, BAC San José hopes to be able to develop a more comprehensive offering for women.

The banks also offers extensive financial and non-financial services to SMEs, including business development training, networking opportunities and a renowned SME award. These services may be tailored to women’s specific needs based on the results of the pilot.

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37 percent of
the bank’s
are women.

25 percent of
BAC San José’s
26,000 SMEs are
or women-led.

51 percent of the
bank’s employees
are women.


The Opportunity - Costa Rica

  • 66%

    of women participated in the labor force in 2017, Findex reported.
  • 61%

    of Costa Rican women had an account with a formal financial institution in 2017, Findex found.
  • 19%

    of women in Costa Rica saved at a financial institution in 2017, yet half of all women saved money somewhere, Findex found.
  • 13%

    of Costa Rican women borrowed from a formal financial institution in 2017, with 31% in total saying they took out a loan that year, according to Findex.