Marvin Arias

Marvin Arias

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Marvin Arias is the former president of Banco Nacional, Costa Rica's largest financial institution. He recently made headlines after publicly contesting the government's decision to dismiss the entire Board of Directors, which he labeled as 'openly illegal.' This decision stemmed from a conflict regarding the appointment of Rosaysella Ulloa Villalobos as general manager. Arias has expressed his intent to challenge the dismissal legally, arguing that it infringes on the autonomy of the bank and violates established procedures regarding board appointments.

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Recent news mentions

Marvin Arias' appointment at BN is set to expire.

Juntas del Banco Nacional y BCR enfrentarán problemas para sesionar por salida de directivos
La Nación – main Costa Rican daily, est. 1946·Costa RicaCosta Rica· 2026-05-31
5.0

Marvin Arias is one of the current directors at the Banco Nacional whose term is ending.

Laura Fernández nombrará 24 puestos clave en instituciones financieras públicas
La Nación – main Costa Rican daily, est. 1946·Costa RicaCosta Rica· 2026-02-12
5.0

Marvin Arias is the current president of the Board of Directors who confirmed the existence of the investigation.

Banco Nacional evalúa si exdirectivos deben asumir costo de investigación confidencial sobre elección de gerenta
La Nación – main Costa Rican daily, est. 1946·Costa RicaCosta Rica· 2025-10-30
5.0

Marvin Arias, the president of the Bank, confirmed the reinstatement of the previous board members by the Constitutional Court.

Exdirectora del Banco Nacional reembolsa gastos de viaje a Chile
La Nación – main Costa Rican daily, est. 1946·Costa RicaCosta Rica· 2025-10-16
5.0

Marvin Arias emphasized that they were dismissed for not responding to interests.

Diputados llaman a Rodrigo Chaves a cuentas por destitución de directivos del Banco Nacional
La Nación – main Costa Rican daily, est. 1946·Costa RicaCosta Rica· 2025-06-23
6.0

Marvin Arias is the removed president of the board of the Banco Nacional who announced legal measures to defend the bank's autonomy.

Rodrigo Chaves ya ha intervenido 3 juntas directivas de instituciones autónomas clave: esta es la lista y por qué importa
La Nación – main Costa Rican daily, est. 1946·Costa RicaCosta Rica· 2025-05-30
5.0

Marvin Arias, the dismissed president of the Banco Nacional, rebuffed the claims made by the current president regarding the bank's management.

Editorial: Captura política del Banco Nacional
La Nación – main Costa Rican daily, est. 1946·Costa RicaCosta Rica· 2025-05-30
5.0

Marvin Arias, the former president of the National Bank, called the dismissal illegal.

Gobierno aplica destitución masiva y toma el control del BN
La Nación – main Costa Rican daily, est. 1946·Costa RicaCosta Rica· 2025-05-30
5.0

Marvin Arias, the ousted president of the National Bank, claimed that the government's decision to dismiss the entire Board of Directors is 'openly illegal'.

Presidente destituido del Banco Nacional cuestiona decisión del Gobierno: ‘Es abiertamente ilegal’
La Nación – main Costa Rican daily, est. 1946·Costa RicaCosta Rica· 2025-05-28
3.0