Citigroup yesterday said it would buy subsidiaries of Central American bank Grupo Cuscatlan for $1.5bn in cash and stock. The move follows Citigroup's acquisition of. GRUPO FINANCIERO CUSCATLAN GUATEMALA JM-116-2003 03/09/2003 Monserrat, Indias Occidentales Británicas 6. BANEX INTERNATIONAL BANK CORP. Title: Bancacentral53, Author: Banco de Guatemala, Name: Bancacentral53, Length: 84 pages, Page: 68, Published. Grupo Financiero Cuscatlán Guatemala. Fecha. Grupo Financiero Citibank de Guatemala 5 Estado Consolidado de Movimientos del Capital Contable Año terminado el 31 de diciembre de 2016 con cifras correspondientes. Grupo Financiero MonexGrupo Financiero SantanderBanco Cuscatlán in Central America. Wednesday, July 1. On the local stock exchange Cuscatlán bank has issued five- year dollar investment certificates at a rate of 5. Elsalvador. com reports that ".. This is the placement of the first tranche of the issue "CICUSCA$0. El Salvador Stock Exchange. This amount will be issued at the appropriate time according to liquidity needs."Tuesday, June 2. The operations of Citi Tarjetas and Citibank personal banking, now owned by Grupo Terra, will once again operate under the Cuscatlán brand. Terra Group has confirmed it will once again be using the Cuscatlán brand to provide ".. Wednesday, November 5, 2. Citi will open its doors to the public as group next Monday. The change in name is due to the consolidation of the bank after the merger of Banco Uno and Cuscatlan Banks. The announcement of the new image was release in a publication in the Prensa daily explaining that for three days (November 7 to 9) branches nationwide will be closed in order to finalize details that will benefit the public. Monday, November 3, 2. Starting today Costa Rica becomes the fifth country in CA where the Cuscatlan and Banco Uno Banks started to operate under the Citibank name. By joining up the local operations of Cuscatlan and Uno, Citi will have an equity of more than $1. Monday, September 2. Today Citibank will officially begin to operate under that name in Nicaragua, after having acquired the Uno Financial Group. The bank has completed the integration process in Nicaragua, after having bought the Salvadoran bank, Cuscatlan, almost a year ago for approximately 1. Citibank Nicaragua will now integrate the operations of Bank Uno, Aval Card, Inverexpo, Cititarjetas, Citivalores Accival, and will have a total of more than 1. It will also have 1,2. Friday, September 5, 2. Citibank got the approval of the Salvadoran authorities to integrate the operations of Banco Uno. Bank and Cuscatlan Bank. The Superintendence of the Financial System (SSF) reported yesterday that the Board granted its approval last Wednesday after receiving the corresponding reports. Thursday, August 2. The Superintendence of the Financial System will announce next week whether or not both entities can begin to operate as Citibank, after their merger. Citigroup Inc. completed the purchase of the Corporación Unión de Bancos Cuscatlán Internacional (UBCI), owner of Cuscatlan Bank, in May 2. March of the same year it acquired the Financiero Uno Group (GFU). Thursday, July 3. Yesterday Citi announced changes in its regional organization that will affect the integration process with Cuscatlán and Banco Uno. Eduardo del Rincón, currently CEO of Grupo Financiero Uno, will become the new Central American Director of Citi. El proceso de fusión con ambas entidades bancarias regionales se concretó con cambios de logo e imagen unificadas bajo la marca Citi en todas las sucursales que. Citigroup Expands Central American Operations By Acquiring Grupo Cuscatlan. Grupo Financiero Uno also has a distribution network of 75 branches and more than. In 2007 Citibank entered the retail financial market in Guatemala through the acquisition of Grupo Financiero Uno and Grupo Financiero Cuscatlan. Thursday, April 1. El Salvador- based Banco Cuscatlán announced that it will officially take over Banco Uno on July 1. Both banks were acquired by Citigroup at the end of 2. Grupo Uno, which owns Banco Uno and Aval Card in Costa Rica, also has operations in Honduras, Guatemala Nicaragua, El Salvador and Panama. The takeover was approved by Banco Cuscatlán shareholders April 1. At the same time, Uno's Citivalores brokerage will be taken over by Valores Cuscatlán.
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