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Citibank starts operations in HondurasMonday, August 18, 2008 Citibank Honduras, which belongs to the American Citigroup, started to operate today and is the result of the merger of two other banking institutions with Central American capital. "Cuscatlan bank and Banco Uno bank have successfully completed their merger, and from now on will be called Citibank Honduras," indicated a paid ad published today in the press. Banrural Buys Procredit in NicaraguaTuesday, February 24, 2015 The Superintendency of Banks in Guatemala has authorized Rural Bank of Guatemala to acquire the shares of the bank founded with Nicaraguan capital, ProCredit. After Banrural submits the information and documents requested by law, the Superintendency of Banks in Guatemala (SIB) will authorize the purchase of shares of Banco ProCredit. Acquisition of Banco Americano by Ficohsa AuthorizedWednesday, February 8, 2012 The Superintendency of Banks of Guatemala, in accordance with Article 19 of the Law on Banks and financial groups, has authorized the purchase by Grupo Financiero Ficohsa of 90% of the shares of Banco Americano, S.A. Ficohsa Financial Group (GFF) Ficohsa Bank's main shareholder, is the bank with the most capital in the Honduran financial system and Ficohsa Insurance is the largest company in Honduras in terms of net premiums and the sixth largest in Central America. El Salvador: Merger of Cuscatlan Bank and Banco Uno Bank to be endorsedThursday, August 28, 2008 The Superintendence of the Financial System will announce next week whether or not both entities can begin to operate as Citibank, after their merger. Citigroup Inc. completed the purchase of the Corporación Unión de Bancos Cuscatlán Internacional (UBCI), owner of Cuscatlan Bank, in May 2007, and in March of the same year it acquired the Financiero Uno Group (GFU). Ficohsa Group Acquires Citi Bank in HondurasTuesday, April 8, 2014 The Honduran group Ficohsa has completed negotiations to buy shares in Citibank and Cititarjetas in Honduras. With these two purchases Ficohsa group becomes the country's largest bank and consolidates itself in the area of personal and consumer banking, leaving the business of corporate and investment banking to Citi. Canal Bank and Lafise After Banco UniversalTuesday, October 13, 2015 Following the suspension of operations in June, the Banco Universal de Panama entered into an organizational process that culminated with the sale of assets and liabilities of the company. The invitation to participate in the expressions of interest was issued to all banking institutions with a general license in the Panamanian banking system. The finalists in this auction, as reported Prensa.com, are Canal Bank and Lafise. Colombian Banks to Arrive in Guatemala with the FTAThursday, March 26, 2009 The financial group Bancolombia would come to Guatemala with the signing of the Free Trade Agreement between both countries. Prensa Libre reported that the Colombian ambassador in Guatemala, Eduardo Lopez Sabogal indicated that the Bancolombia Group has been negotiating with domestic private banks, looking for a strategic alliance, similar to the one developed in El Salvador, with the purchase of the Banco Agrícola. Cuscatlán sets date for Banco Uno takeoverThursday, April 17, 2008 El Salvador-based Banco Cuscatlán announced that it will officially take over Banco Uno on July 1. Both banks were acquired by Citigroup at the end of 2006. Grupo Uno, which owns Banco Uno and Aval Card in Costa Rica, also has operations in Honduras, Guatemala Nicaragua, El Salvador and Panama. The takeover was approved by Banco Cuscatlán shareholders April 15, the bank said in a stock market filing. Ficohsa Acquires Citi in NicaraguaThursday, March 26, 2015 The transaction involves the acquisition of all of Citi's operations in the country, including commercial loans, personal loans, deposits and credit cards. From a statement issued by Ficohsa Group: Grupo Ficohsa Acquires Banco AmericanoThursday, November 10, 2011 Grupo Financiero Ficohsa has signed an agreement to acquire 90% of the shares of Banco Americano SA, a bank that has been operating in the Guatemalan financial system since 1995. A press release from Grupo Financiero Ficohsa states: Colombians Buy HSBC Central America for $800 millionTuesday, January 24, 2012 The Banco Davivienda, part of the Bolivar Group, has acquired the operations of HSBC in Costa Rica, El Salvador and Honduras. HSBC Holdings announced on Tuesday the sale of its operations in Costa Rica, El Salvador and Honduras, for $801 million. Davivienda Brand Replaces HSBCWednesday, November 28, 2012 In principle, the change will only be cosmetic, with the functional and operational structure remaining in place in the 30 offices and subsidiaries that are now part of the Colombian financial group. In January 2012 Davivienda signed an agreement to the effect that HSBC Costa Rica, HSBC Honduras and HSBC El Salvador form part of the Bank to strengthen its regional presence. Scotiabank builds Latin presence with acquisition in GuatemalaMonday, May 19, 2008 Scotiabank continued its advance in Latin America with the acquisition in Guatemala of Banco de Antigua. The only countries in Central America where the Canadian bank has still to establish a presence are Nicaragua and Honduras. Along with Banco de Antigua, Scotiabank acquired some shares in the Dominican Republic's Banco de Ahorro y Crédito, plust an option to purchase Peru's Banco de Trabajo. Sale of Citi El Salvador to Terra GroupMonday, October 12, 2015 It has emerged that the operation may include the insurance company SISA, and that the transaction may be worth $180 million. An article on Elmundo.sv reports that "... Almost a year after announcing its departure from the retail banking market in 11 countries, yesterday it emerged that Citigroup has finally reached an agreement to sell its operations in El Salvador. GE sells BAC-Credomatic in Central America to Grupo AvalThursday, July 15, 2010 GE Capital Global Banking announced today that it has reached a definitive agreement to sell BAC Credomatic to Grupo Aval, Colombia’s largest banking holding group, for $1.9 billion. The transaction is subject to certain regulatory approvals and other customary conditions, and the parties anticipate closing by the end of 2010. |
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Tuesday, April 16, 2024 - last update: 1:39 pm
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