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| {{about|the bank in Costa Rica|the global HSBC Group|HSBC|other individual entities of the group|HSBC Bank}} | {{about|the bank in Costa Rica|the global HSBC Group|HSBC|other individual entities of the group|HSBC Bank}} | ||
| {{Orphan|date=December 2024}} | |||
| {{Infobox company | {{Infobox company | ||
| | name = Banco HSBC (Costa Rica), S.A. | | name = Banco HSBC (Costa Rica), S.A. | ||
Revision as of 23:38, 29 December 2024
This article is about the bank in Costa Rica. For the global HSBC Group, see HSBC. For other individual entities of the group, see HSBC Bank. | This article is an orphan, as no other articles link to it. Please introduce links to this page from related articles; try the Find link tool for suggestions. (December 2024) |
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| Company type | Subsidiary of HSBC Holdings plc |
|---|---|
| Industry | Finance and Insurance |
| Founded | 2006 |
| Defunct | 2012 |
| Headquarters | San José, Costa Rica |
| Key people | Francisco F. Coccaro, CEO |
| Products | Financial services |
Banco HSBC (Costa Rica), S.A. was a subsidiary of HSBC Holdings plc headquartered in San José, Costa Rica. The bank provided personal banking and corporate banking services to Costa Rica. In 2012 Banco Davivienda acquired HSBC Costa Rica and renamed it as Banco Davivienda Costa Rica.
History
In November 2006, HSBC acquired Grupo Banistmo, the leading banking group in Central America and gave HSBC access to new markets, with offices in Colombia, Costa Rica, El Salvador, Honduras, Nicaragua and Panama.
Following the acquisition, HSBC rebranded Banistmo's operations in Costa Rica under the HSBC name. By 2011, HSBC Costa Rica served retail, commercial, and corporate banking clients through 29 branches, with total assets amounting to approximately US$1.4 billion as of September 30, 2011.
In January 2012, as part of a strategic plan to streamline its operations and focus on core markets, HSBC announced the sale of its businesses in Costa Rica, El Salvador, and Honduras to Banco Davivienda for US$801 million. The sale in Costa Rica was worth US$300 million.
In December 2012, the transaction was completed. Banco Davivienda took over the HSBC Costa Rica operations and rebranded them to Banco Davivienda (Costa Rica) S.A., Davivienda Puesto de Bolsa (Costa Rica) S.A and Davivienda Sociedad Agencia de Seguros (Costa Rica) S.A.
See also
References
- ^ "HSBC agrees the sale of its business in Costa Rica, El Salvador and Honduras" (PDF). HSBC. Retrieved 29 December 2024.
- ^ "Banco Davivienda entra a Costa Rica con la compra del banco HSBC". Revista E&N. Retrieved 29 December 2024.
.svg){kind=small} HSBC | ||
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