Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

Best Bank - Central America

Oct 31, 2007

With a $1.77 billion all-cash purchase of Panama's Banistmo in September 2006, HSBC entered Central America after more than two years searching for a target. One of the world's strongest banks instantly became the region's largest, setting up a showdown with Citi, which bought El Salvador's Grupo Cuscatlán for $1.5 billion shortly after. The acquisition leaves HSBC well-positioned to create economies of scale and improve retail banking products, services and technology in the region. It is on this potential that HSBC is awarded LatinFinance Bank of the Year for Central America.


"When you look at what they've done globally, HSBC...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial



LatinFinance Events

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote