# BAC Credomatic Costa Rica

> Source: https://docs.barcoder.ai/docs/wallets/bac-cr
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [BAC Costa Rica — official](https://www.baccredomatic.com/cr-CR/)

## Overview

**BAC Credomatic Costa Rica** is **Costa Rican commercial bank** + **BAC Credomatic Central American banking group** + **Grupo Aval Colombian parent BVC: AVAL controlling post-Mar 2023 acquisition completion** + **Central America's largest banking group** + **one of Costa Rica's largest commercial banks** <sup>[1][1], [Costa Rica report](https://docs.barcoder.ai/docs/payments/CR)</sup>.

## History

**1952 — Banco de América Central BAC founded in Nicaragua by Calley Dagnall family**.

**1971 — Credomatic credit card processor founded in Central America**.

**2010 — Grupo Aval Colombian conglomerate acquires controlling stake in BAC Credomatic from GE Capital for ~$1.92B**.

**2013 — BAC Credomatic mobile banking app launch**.

**Mar 2023 — Grupo Aval completes Aval Acciones y Valores reorganisation + BAC Credomatic controlling stake transfer**.

## Ownership & operator

**Operating entity**: **BAC Credomatic Costa Rica** (Costa Rican commercial bank; BAC Credomatic Central American banking group; Grupo Aval Colombian parent).

**Major shareholders**: **Grupo Aval (BVC: AVAL + NYSE: AVAL; Colombian financial conglomerate; Luis Carlos Sarmiento Angulo controlling) ~75%+ controlling + Central American + Colombian + foreign investors**.

**Regulators**: **SUGEF Costa Rica + BCCR**.

## Technical integration

BAC Credomatic Costa Rica mobile app (iOS + Android) + baccredomatic.com online + BAC Credomatic Costa Rica branch network across Costa Rica + BAC Credomatic Visa + Mastercard + Credomatic cards; CR IBAN + SINPE (Sistema Nacional de Pagos Electrónicos Costa Rican payment system) + SINPE Móvil (Costa Rican P2P mobile payments) + SINPE TP (Costa Rican retail QR payments).

## Implementations & partners

**Grupo Aval parent + Central American banking siblings**: [BAC Credomatic](https://docs.barcoder.ai/docs/wallets/bac-credomatic) (BAC Credomatic Central America's largest banking group; Grupo Aval Colombian parent; Costa Rica + Nicaragua + El Salvador + Honduras + Guatemala + Panama operations) + Banco de Bogotá (Banco de Bogotá; Grupo Aval parent; Colombian commercial bank) + Banco Popular (Banco Popular Colombia; Grupo Aval parent) + Banco AV Villas (Banco AV Villas; Grupo Aval parent).

**Major Costa Rican + Central American banking + payments competitors**: [Banco Nacional de Costa Rica](https://docs.barcoder.ai/docs/wallets/banco-nacional-cr) (Banco Nacional de Costa Rica; Costa Rican federal government fully owned; Costa Rica's largest commercial bank by assets) + [Banco Popular Costa Rica](https://docs.barcoder.ai/docs/wallets/banco-popular-cr) (Banco Popular y de Desarrollo Comunal Costa Rica; Costa Rican federal commercial bank for cooperative + community development) + Banco Cathay (Banco Cathay Costa Rica; Costa Rican commercial bank) + Banco Internacional de Costa Rica (Banco Internacional de Costa Rica BICSA; Costa Rican commercial bank; Costa Rican state-owned via Banco Nacional + Banco de Costa Rica JV) + [Davivienda + DaviPlata](https://docs.barcoder.ai/docs/wallets/davivienda) (Davivienda Costa Rica; Colombian Davivienda Costa Rican subsidiary post-2012 HSBC Costa Rica acquisition) + Scotiabank Costa Rica (Scotiabank Costa Rica; Scotiabank Canadian parent subsidiary) + Banco Promerica Costa Rica (Banco Promérica Costa Rica; Promerica Financial Corporation parent).

**Regulators**: SUGEF Costa Rica + BCCR.

## Status

**Active, Costa Rican commercial bank + BAC Credomatic Central American banking group + Grupo Aval Colombian parent BVC:AVAL controlling post-Mar 2023 acquisition completion + Central America's largest banking group + one of Costa Rica's largest commercial banks** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.baccredomatic.com/cr-CR/ "BAC Costa Rica — official"
[2]: https://en.wikipedia.org/wiki/BAC_Credomatic "BAC Credomatic — Wikipedia"
[cr-cro]: https://docs.barcoder.ai/docs/payments/CR

- [1] [BAC Costa Rica — official][1]
- [2] [BAC Credomatic — Wikipedia][2]
- <sup>[Costa Rica report](https://docs.barcoder.ai/docs/payments/CR)</sup> In-corpus: `reports/countries/CR-costa-rica.md`

## Source

Biography extracted from [bac-cr.md](https://docs.barcoder.ai/source/wallets/bac-cr). See `matrix.md` for standards-support matrix if present.