Banking in Central America becomes a regional affair

Banking in Central America is becoming a regional affair. The exit of Citi and HSBC has opened the door for the Colombian banks, which required little invitation to enter enthusiastically.

Locals report the Colombians are being more aggressive in engaging with the domestic competition than the internationals that preceded them.

This, in turn, is pressurizing local franchises in the region – and the leading banks in the key Central American jurisdictions – to react.



Source: Euromoney