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Tag: HSBC

Bancolombia buys Panamanian bank in record purchase

Colombia’s Bancolombia on Tuesday acquired HSBC Panama for $2.1 billion, reportedly the most ever paid by a local bank. Bancolombia’s bold move fits in with their apparent overall internationalization strategy. The...

Davivienda buys HSBC in Central America

Colombian bank Davivienda announced Tuesday it is taking over the operation of HSBC in Costa Rica, El Salvador and Honduras for $801 million. Davivienda, Colombia’s third largest bank, already has a presence in Panama and...

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