BICSA CAPITAL, SA, Casa de Valores, is a corporation organized and existing in accordance with the laws of the Republic of Panama, regulated and supervised by the Superintendence of the Stock Market of Panama, 363-2012 of October 29, 2012. BICSA CAPITAL, is a wholly owned subsidiary of Banco Internacional de Costa Rica, SA ("BICSA").

BICSA CAPITAL, S.A. is in addition a Stock Brokerage Firm of the Stock Exchange of PANAMA, S.A. and participant of CENTRAL LATINOAMERICANA DE VALORES, S.A. since June 2014.



This is a service provided by BICSA CAPITAL, S.A., as a custodian entity authorized by the General Superintendence of Securities, consisting of the care and maintenance of securities represented in physical or dematerialized form (account entry) and the cash related to these securities, as well as the registration of their ownership.

Investment Account

BICSA CAPITAL, S.A. offers the service of purchase and sale of securities in the Local and International Market. The objective of BICSA CAPITAL, S.A through the stock exchange brokerage is to be able to offer their customers financial assets through strategic alliances with prestigious national and international companies, in order to maximize the yields of their investments. Among the financial instruments to which we have access are the following:

  • Fixed Rent
    • Local and International Sovereign and Corporate Bonds
  • Variable Rent
    • Common and preferred Stock
  • Mutual Funds
  • Structured products

Corporate Finance

Through this service, we provide customers with advice on the structuring of issues registered in the Republic of Panama of variable income and fixed income instruments, as an alternative to finance their operations.


If you require further information, please contact us at:

BICSA Capital, S.A.
BICSA Financial Center
50th Floor, Balboa Ave. and
Aquilino De La Guardia Street
Panama, Republic of Panama
Phone: (507) 208-9500
Fax: (507) 208-9581
Apartado: 0816-07810, Panama, Republic of Panama





Entity Regulated and Supervised by the Superintendency of the Securities Market to operate as a Securities House- Resolution No. SMV 363-2012 of October 29, 2012.

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