Banco Ficohsa acquires Citi units, making it Honduras' largest bank
Honduras' Banco Ficohsa agreed to acquire 100% of shares of Citibank's and Cititarjetas' Honduran units, which will make Ficohsa the country's largest bank.
Banco Ficohsa is set to acquire all of Citi's consumer banking business, including credit cards, personal loans and customer deposits and expands its network with 22 additional points of service and 20 ATMs, according to a press release.
The deal will be the largest acquisition ever by a Honduran bank if approved by local banking and insurance regulator CNBS. Financial details of the deal were not disclosed.
Banco Ficohsa will have a net worth of US$339mn, US$2.77bn in assets, a loan portfolio of US$1.88bn and US$1.6bn in deposits, according to pro forma figures of the companies combined earnings as of end-December 2013.
Banco Ficohsa has operated in the Honduran market for 20 years and holds an A+ grade from Fitch Ratings.
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Political Risk & Macro (Honduras)
Why Central America is a strategic region for China
Costa Rican political analyst Eduardo Núñez speaks with BNamericas about the reasons for closer ties between China and Central America, and why the...
Honduran government and power generators sign agreements to renegotiate contracts that will allow savings of one bi...
Government and energy generators sign contracts renegotiation agreements that will allow savings of one billion lempiras to the State
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Ventos de São Januário 16 wind farm (Babilônia Sul wind complex)
- Current stage:
- Updated:
2 days ago
- Project: Vermelho
- Current stage:
- Updated:
2 days ago
- Project: Jerusalém VI wind farm (Jerusalém wind complex)
- Current stage:
- Updated:
2 days ago
- Project: Jerusalém V wind farm (Jerusalém wind complex)
- Current stage:
- Updated:
2 days ago
- Project: Jerusalém IV wind farm (Jerusalém wind complex)
- Current stage:
- Updated:
2 days ago
- Project: Jerusalém III wind farm (Jerusalém wind complex)
- Current stage:
- Updated:
2 days ago
- Project: Jerusalém II wind farm (Jerusalém wind complex)
- Current stage:
- Updated:
2 days ago
- Project: Alwa II photovoltaic park
- Current stage:
- Updated:
3 days ago
- Project: Sewerage system and water treatment of the city of Puerto Maldonado (Puerto Maldonado WWTP)
- Current stage:
- Updated:
3 days ago
- Project: Cordero (Phase 1)
- Current stage:
- Updated:
2 days ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Puroil S.L (Puroil)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Aguas Magallanes S.A. (Aguas Magallanes)
-
Chilean water utility Aguas Magallanes S.A., a subsidiary of local group Agua Nuevas, is engaged in the production and distribution of drinking water and the collection, treatme...
- Company: Shell México S.A. de C.V. (Shell Mexico)
-
Shell México, the local branch of the Anglo-Dutch oil and chemicals group Royal Dutch Shell plc, distributes and trades petrochemicals, lubricants and liquefied natural gas (LNG...
- Company: Gas Natural de Lima y Callao S.A. (Cálidda)
-
Peruvian company Gas Natural de Lima y Callao S.A. (Cálidda) is engaged the marketing and distribution of natural gas and the development and implementation of projects in the e...
- Company: AES Brasil Energia S.A. (AES Brasil)
-
AES Brasil, a Brazilian subsidiary of US firm AES Corp., is a holding company that operates in the areas of power generation and distribution. It also provides energy solutions ...
- Company: Siemens Gamesa Latam
- Company: TSK Electronica y Electricidad S.A. (Grupo TSK)
-
TSK Electrónica y Electricidad S.A. is a Spanish engineering and industrial construction company specializing in the engineering, development and supply of facilities. TSK devel...
- Company: Nexxo S.A.
-
Established in 1980, Nexxo S.A. is a industrial solutions company which offers services including chemical cleaning and flushing, maintenance of equipment and decoking. In 2013,...
- Company: Tecno Fast S.A. (Tecno Fast)
- Company: Mosaic Fertilizantes do Brasil Ltda. (Mosaic Brasil)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
