State-owned Banco de Costa Rica (BCR) offers banking products and services to individuals and companies, including SMEs. BCR offers loans, certificates of deposit, checking accounts in US dollars, Euros, and local currency; letters of credit and debt collection, currency trading, trust administration, and other financial products. The bank has 226 offices and 592 ATMs across the country. It is part of financial conglomerate Conglomerado Financiero Banco de Costa Rica. Its subsidiaries include a pension fund manager, an investment management firm, an insurance company, a securities brokerage and it also holds a majority interest in Panama-based bank BICSA. Banco de Costa Rica was founded in 1877 and is headquartered in San Jose, Costa Rica.