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Banco Ficohsa acquires Citibank Honduras

Tuesday, April 8, 2014

Honduras's Banco Ficohsa reached an agreement to acquire Citibank Honduras and Cititarjetas.

The acquisition makes Ficohsa the largest bank in Honduras, with a net worth of $339 million and $2.77 billion in assets.

"We see a long-term future in Honduras as part of our goal to continue growing and consolidating our business in Central America,” said Camilo Atala, Grupo Financiero Ficohsa’s President.

Source (in Spanish): El Heraldo