Banco Ficohsa buys Citibank’s Honduras unit

Banco Ficohsa buys Citibank’s Honduras unit

M&A

Banco Ficohsa has agreed to acquire Citibank’s Honduras subsidiary and its credit card unit for an undisclosed amount, the bank said on Tuesday. The purchase of Citibank's consumer banking business in Honduras, which includes credit cards, personal loans and customer deposits, strengthens Banco Ficohsa's portfolio of products and services and expands its network with 22 additional points of service and 20 ATMs, the bank said in a statement. The transaction is pending approval by the regulatory a

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