Honduras: Ficohsa Completes Purchase of Citibank

The Honduran bank has concluded the operation for the purchase and transfer of shares of the companies Citibank and Cititarjetas of Honduras.

Tuesday, July 1, 2014

From a press release issued by Bank Ficohsa:

Ficohsa Bank announced that the purchase and transfer of shares of Banco Citibank de Honduras, SA and Cititarjetas of Honduras, SA, in its favor is already effective, after the National Banking and Insurance Commission (CNBS) and the Commission for the Defense and Promotion of Competition authorized the transaction. The transaction does not include Banco de Honduras, SA which manages the Corporate Banking products at Citibank in Honduras.

This acquisition, the largest by a Honduran bank consolidates the operations of Ficohsa Bank in Honduras, demonstrating its commitment to the country. Additionally, this operation makes Ficohsa the country's largest bank and ranks among the top 10 in the region.

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