Banco Cuscatlán and Uno Complete Merger With Citi
Citibank finalized its fusion with Banco Cuscatlán and Banco Uno in Costa Rica last week, and the two absorbed banks will now operate under the name Citi.
The merger creates one bank in Costa Rica with a net worth of more than $100 million, and total assets of more than $750 million, the daily La Nación reported.
Citi now has 500 ATM machines in Costa Rica, 67 branches and 80,000 clients.
Citibank acquired Grupo Financiero Uno in October 2006 and Cuscatlán the following December.
The banks were closed early in the week as the companies completed the merger.
You may be interested
Trump: US to begin cutting aid to Central America over migrant caravanAFP - October 23, 2018
President Donald Trump said Monday the United States will begin cutting aid to three Central American nations because of their…
The Tico Times Dispatch: An interview with journalist and economist David ChingAlejandro Zúñiga - October 23, 2018
Costa Rica’s Plenary Court rejected the proposed tax reform bill last week and asked that four sections of the initiative…
Soy pico rojo: the new form of protest in NicaraguaLa Prensa - October 23, 2018
Social media has been filled with photos of men and women wearing red lipstick as a way of protest Daniel…