Banistmo Explained

Banistmo S.A.
Predecessor:Banistmo (1984-2009)
HSBC Bank (Panama) (2009-2013)
Foundation:1984
Location:Panama City, Panama City
Industry:Banking
Products:First Direct
Homepage:banistmo.com

Banistmo is the largest bank in Panama and Central America. It was founded in 1984 as Primer Banco del Istmo before it became 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 merged into HSBC Bank (Panama) in 2009. In 2013 Bancolombia Group acquired HSBC Panama and renamed it as Banistmo.[1] [2]

See also

Notes and References

  1. Web site: HSBC to Divest Panama Unit.
  2. Web site: HSBC to sell HSBC Bank (Panama) SA to Bancolombia - Announcement.