HSBC Nicaragua will stop operating as a bank

The bank presented a request to the Superintendence of Banks to operate as a representation office.

Monday, February 2, 2009

Elnuevodiario.com.ni reports on its website: "Top executives at HSBC, the largest European bank and one of the largest in the world, said officially to the EL NUEVO DIARIO that until the Bank Superintendence and other related institutions confirm the change in the type of operations withing Nicaragua, they will continue to receive deposits from the public and continue to provide followup to the financing granted to its clients."

More on this topic

HSBC to Stay in Panama

March 2012

The bank will continue its banking and insurance business in Panama as part of its strategy in Latin America to focus on high potential markets.

Panama is one of the four strongest countries in Latin America for HSBC, said Yoselyn Garcia, Head of Marketing HSBC Bank to Panamaamerica.com.pa.

Nicaragua Opens Trade Office in Hong Kong

October 2010

The Council of Private Enterprise and the Chamber of Tourism announced the opening of its Hong Kong representative offices in Mainland China.

The office will be managed by the firm Andrew Leung & Associates with offices in different cities of China.

Elnuevodiario.com.ni reports in an article "Establishing representation of the Nicaraguan private sector in the Asian giant aims to boost trade, business and investment between Nicaraguans and Chinese entrepreneurs."

HSBC Nicaragua Offers Loans to Exporters

April 2010

Recently inaugurated, HSBC’s representation office will offer loans for importers and exporters.

Emilson Alonso, president of HSBC for Latin America and the Caribbean, explained they will also serve investors interested in the region.

He explained that “thanks to the bank’s presence in 86 countries, they will be able to assist exporters and importers, in addition to promoting investment in Nicaragua, as projects in the country could be financed via the bank’s international clients”.

HSBC starts the process for operating in Guatemala

June 2008

HSBC has started the approval process for operating in Guatemala. According to information from the Central American Daily, the Monetary Committee that oversees Guatemala's financial sector, will make its decision on the bank's application within two months.

Publication in the Official Daily is part of the approval process required by the Office of the Superintendent of Banks.

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