Primer Banco del Istmo
Encyclopedia
Primer Banco del Istmo trading as Banistmo or Banco Del Istmo is the largest bank
in Panama
and Central America
, it is part of the HSBC Group
following its former parent company, Grupo Banistmo
’s acquisition by HSBC
in November 2006. It was the subsidiary
of HSBC Bank (Panama) S.A.
until it mergered into HSBC Bank (Panama) in 2009.
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Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
in Panama
Panama
Panama , officially the Republic of Panama , is the southernmost country of Central America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the northwest, Colombia to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south. The...
and Central America
Central America
Central America is the central geographic region of the Americas. It is the southernmost, isthmian portion of the North American continent, which connects with South America on the southeast. When considered part of the unified continental model, it is considered a subcontinent...
, it is part of the HSBC Group
HSBC
HSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...
following its former parent company, Grupo Banistmo
Grupo Banistmo
Grupo Banistmo was a Panamanian financial services company, and the largest in Central America. It was founded in 1984. In 1999 it began an expansion strategy that has resulted in the acquisition of banks in several Central American countries, as well as Colombia and the Bahamas. It was the...
’s acquisition by HSBC
HSBC
HSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...
in November 2006. It was the subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of HSBC Bank (Panama) S.A.
HSBC Bank (Panama)
HSBC Bank S.A. is a subsidiary of HSBC Holdings plc head-quartered in Panama City, Panama. The bank providesPersonal banking, Corporate banking and Treasury services to Panama.-History:...
until it mergered into HSBC Bank (Panama) in 2009.
See also
- HSBC MexicoHSBC MexicoHSBC Mexico, S.A., the principal operating company of Group Financiero HSBC, S.A. de C.V., is one of Mexico’s four largest banking and financial service companies, with 1,400 branches and 5,200 ATMs. HSBC purchased Banco Internacional, S.A...
- HSBC Bank (Panama)HSBC Bank (Panama)HSBC Bank S.A. is a subsidiary of HSBC Holdings plc head-quartered in Panama City, Panama. The bank providesPersonal banking, Corporate banking and Treasury services to Panama.-History:...
- Alberto Vallarino ClementAlberto Vallarino ClementAlberto Vallarino Clement is a Panamanian, engineer, businessman and politician, who is currently serving as Minister of Economy and Finance of Panama. Vallarino was CEO of Banistmo for over 20 years. He is ran for president in 2009 but lost in the primaries....
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