Panama: Banistmo Changes to HSBC

The absorption process of Banistmo by HSBC will be completed in thirty days, begun in November 2006 with the payment of $1.77 billion for the entire stock package

Monday, March 30, 2009

The first Panamanian regional banking institution will now be HSBC Bank (Panama) S.A.

In her article published in, Edith Castillo Duarte stated that "during this 30-calendar-day period, Banistmo customers should communicate in writing to the Clarification Area - email - or at the nearest branch if they decide to switch banks. If they do not perform this procedure, HSBC will take it as a given that accounts or other services will remain under its management."

More on this topic

HSBC to be Renamed Davivienda

November 2012

In Costa Rica, the HSBC bank will disappear as a brand and it will be replaced by that of its new Colombian owner.

In a statement to its customers, HSBC Costa Rica reported that it has already completed approvals and formalities for the transfer of shares of the companies comprising the Grupo Financiero HSBC to Banco Davivienda from Colombia.

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

HSBC Nicaragua will stop operating as a bank

February 2009

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

HSBC changes strategy for opening in Guatemala

November 2008

HSBC will modify its request to open in the country; instead of one branch, it is looking to set up as a local bank.

HSBC (the Hong Kong and Shanghai Banking Corporation) has still not landed in the Guatemalan financial market, the only country in Central America where it is missing, and to date this continues to be uncertain as the request process has been changed.

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Compañía de Registros Internacionales S.A.

Organization that operates in Costa Rica, El Salvador, Guatemala and Honduras.
Phone: (506) 2257-9914 - (506) 2256-4345

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