Grupo Financiero Ficohsa S.A., through its subsidiaries, provides banking, insurance, brokerage, and foreign exchange services. The group operates insurer Ficohsa Seguros S.A., Honduras' largest in 2013 in terms of premiums, as well as commercial banking unit Banco Ficohsa S.A. Banco Ficohsa became one of Central America's top 10 banks following its purchase of Citibank's consumer banking business in Honduras in 2014. In 2015 Ficohsa entered Nicaragua through the purchase of Citi's local operation, one of the largest consumer banking players in the country. Ficohsa also has banking operations in Guatemala and Panama, as well as money transfer operations and a representative office in the US. The Panama-based group was founded in 1994.