Citibank of Nicaragua Completes Bank Takeover

September 26, 2008

With the goal of strengthening Nicaragua’s credit card market, U.S. financial group Citi this week finalized the process of integrating into the national financial system by converting Grupo Financiero Uno to Citibank de Nicaragua.

Citibank, which acquired Nicaragua’s Grupo Financiero Uno in 2006, already operates in neighboring Honduras and El Salvador.

Citibank de Nicaragua, with its new cash machines and other financial services inherited from Grupo Financiero Uno, will attend to 140,000 clients in Nicaragua, including 1,200 employees nationwide, according to the daily La Prensa.

–Nica Times

 

You may be interested

Adaptive surfing, part III: Riding the waves with Noah
sports
86 views
sports
86 views

Adaptive surfing, part III: Riding the waves with Noah

Ellen Zoe Golden - May 25, 2018

Part III in a series on adaptive surfing in Costa Rica. Read Part I, about the country's association for disabled…

It’s frog orgy season
Environment and Wildlife
1188 views
Environment and Wildlife
1188 views

It’s frog orgy season

Lindsay Fendt - May 25, 2018

The rainy season is upon us. For many of us that means hiding indoors for the next few months, but for Costa…

Costa Rica’s guilty voters
No Sugar Please
149 views
No Sugar Please
149 views

Costa Rica’s guilty voters

Álvaro Murillo - May 25, 2018

By what I have done, and by what I have left undone. A relative of mine is 70 years old…