Citibank begins operations in Costa Rica

Starting today Costa Rica becomes the fifth country in CA where the Cuscatlan and Banco Uno Banks started to operate under the Citibank name.

Monday, November 3, 2008

By joining up the local operations of Cuscatlan and Uno, Citi will have an equity of more than $100 million and totals assets greater than $750 million.

Additionally, it will have 80,000 clients who will have access to a total of 67 banks and a network of 500 ATM's.

More on this topic

Citi to opens its doors in Guatemala on Monday

November 2008

Citi will open its doors to the public as group next Monday. The change in name is due to the consolidation of the bank after the merger of Banco Uno and Cuscatlan Banks.

The announcement of the new image was release in a publication in the Prensa daily explaining that for three days (November 7 to 9) branches nationwide will be closed in order to finalize details that will benefit the public.

Citibank starts operations in Panama

October 2008

Citigroup cemented the legal fusion of Banco Uno and Cuscatlan Bank in Panama today. These brands will now be removed from the market.

The result of the union of these operations is a new brand called Banco Citibank (Panama) S.A. with an equity of 250 million dollars, and assets totaling more than 840 million dollars and a network of 22 branches and close to 200 thousand clients.

Citibank starts operations in Nicaragua

September 2008

Today Citibank will officially begin to operate under that name in Nicaragua, after having acquired the Uno Financial Group.

The bank has completed the integration process in Nicaragua, after having bought the Salvadoran bank, Cuscatlan, almost a year ago for approximately 1.5 billion dollars.

Citibank, the new brand

September 2008

El Salvador is the second country to join the Citigroup network in Central America; the plan should be completed in the last quarter of this year and includes Panama.

The full Citibank network started to function fully yesterday and is made up branches that belonged to Cuscatlan Bank and Bank Uno

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