New stamp issue marks birthday of state’s Banco de Costa Rica

Proof of new issue

The Banco de Costa Rica is celebrating its 135th birthday, and Correos de Costa Rica is issuing a set of commemorative stamps to mark the occasion.

From the beginning the bank was involved deeply in public finances and made loans to the government.

The bank, which began in 1877 as Banco de la Unión, was an innovator in its time. The bank was nationalized after the 1949 civil war and is defined an  autonomous institution in the Costa Rican Constitution.

In coverage, the bank is rivaled only by the competing public bank, Banco Nacional de Costa Rica. Banco de Costa Rica employes 4,300 persons and has 246 offices and 1,658 automatic tellers. Correos released the set of stamps Thursday.

The three-stamp set features a photo of the bank’s central offices and an illustration by artist Paula Díaz that bank officials provided that represents the projects that the bank has financed over the years.

Each stamp has a value of 275 colons. There are 500 first-day covers available for purchase. The envelope features a photo of the bank identical to the one on the stamp. The cancelation shows two outstretched hands shaking, presumably a banker and a customer making a deal. The designer was identified as  Cristian Ramírez.

Collectors can find the new stamp set and other stamp issues on the virtual store of Correos. It is HERE!

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