Best Bank − El Salvador: Banco Agrícola
Nov 1, 2008
Bridge to Salvador
Banco Agrícola is the centerpiece of Bancolombia’s strategy to establish a meaningful presence in Central America. The May 2007 purchase earned the Colombian powerhouse a solid footprint in a highly sought after region, and just in time.
With Citi having wrapped up its acquisition of Cuscatlán the same month and HSBC less than a year earlier buying Banistmo, owner of Banco Salvadoreño, CentAm’s banking industry has been pretty much sewn up and rebranded with generic, global logos – the financial world’s answer to the golden arches.But Bancolombia, which appears to have plucked the region’s jewel, has not yet done away with the homegrown name. Agrícola, El Salvador’s largest bank by assets and...
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