Formerly | Banco de América Central (BAC) |
---|---|
Company type | Private |
Industry | |
Founded | Managua, Nicaragua (1952 ) |
Headquarters | , |
Key people | Rodolfo Tabash Espinach (CEO) |
Products | |
Number of employees | +10,000 |
Parent | BAC HOLDING CORP |
Website | www.baccredomatic.com |
BAC Credomatic is a financial group in Central America, with operations in Guatemala, El Salvador, Honduras, Nicaragua (where it was founded and former headquarters in the city of Managua), Costa Rica (current headquarters), Panama, Grand Cayman, The Bahamas, and the United States.
Founded in 1952 in Managua as Banco de América Central, BAC was the forerunner of what is now known as the BAC Credomatic Group (Spanish: Grupo BAC Credomatic). By the seventies, the bank ventured into the business of credit cards using the Credomatic brand.
In the mid eighties, the Group decided to enter other markets in the region, starting in Costa Rica with the acquisition of what is now known as Banco BAC San José. BAC Credomatic has presence all over Central America, as well as in the United States, Cayman Islands and The Bahamas.
In 2004 The Group started its credit card operations in Mexico, which was later sold to Banco Invex in 2016. [1]
In December 2010, Grupo Aval completed the purchase of the BAC Credomatic banking group. [2] [3]
In 2016, Credomatic de México S.A. de C.V., a subsidiary of BAC International Inc., signed a contract to transfer to Banco Invex S.A. its Mexican credit cards business [4]
In 2017 the group started to use BAC Credomatic as brand for all their bank and credit card services, using a new modern logo.[ citation needed ]
Transportes Aéreos del Continente Americano, S.A., known and formerly branded as TACA International Airlines), and operating as Avianca El Salvador, is an airline owned by Kingsland Holdings and based in San Salvador, El Salvador. It is one of the seven national branded airlines in the Avianca Group of Latin American airlines, and it serves as the flag carrier of El Salvador.
Avianca Costa Rica S.A., using callsign as LACSA, minority owned by the Synergy Group, is the national airline of Costa Rica and is based in San José. It operates international scheduled services to over 35 destinations in Central, North and South America. The airline previously used the TACA/LACSA moniker when it was a subsidiary of Grupo TACA. Since May 2013, following Avianca's purchase of Grupo TACA, Avianca Costa Rica became one of seven nationally branded airlines operated by Avianca Group of Latin American airlines.
The Banco Bradesco S.A. is a Brazilian financial services company headquartered in Osasco, in the state of São Paulo, Brazil. It is the third largest banking institution by assets in Brazil and Latin America. It is also one of fifty most valuable banks in the world. The bank is listed at the B3 in São Paulo, where it is part of the Índice Bovespa, in the New York Stock Exchange and in the Madrid Stock Exchange.
Grupo Financiero Banorte, S.A.B. de C.V., doing business as Banorte and as Ixe, is a Mexican banking and financial services holding company with headquarters in Monterrey and Mexico City. It is one of the four largest commercial banks of Mexico by assets and loans, and the largest retirement fund administrator (AFORE).
The Inter-American Division of Seventh-day Adventists is a sub-entity of the General Conference of Seventh-day Adventists, which oversees the Church's work in Mexico, Central America, the Caribbean, and Northern South America.
Banco Real was a Brazilian bank, owned by Spain's Banco Santander. ABN AMRO had owned the bank but in October 2007, a consortium led by Royal Bank of Scotland that also included Banco Santander and Belgium's Fortis, acquired ABN AMRO and proceeded to dismember it. Banco Santander acquired Banco Real from the consortium, together with some other ABN AMRO operations in Italy, particularly Banca Antonveneta. Banco Santander already owned Banco Santander Brazil, which incorporated Banco do Estado de São Paulo (Banespa). Combining its existing operations with Banco Real will make Banco Santander Brazil the third largest private bank in the country, after Banco Bradesco and Itaú.
MercadoLibre, Inc. is an Argentine company headquartered in Montevideo, Uruguay and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors. The company has operations in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela. In 2023 Time included Mercado Libre in the list of the 100 most influential companies in the world.
Grupo Financiero Banamex S.A. de C.V. has its origins and is the owner of the Banco Nacional de México or Citibanamex. It is the second-largest bank in Mexico. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary.
Grupo Elektra is a Mexican financial and retailing corporation established by Hugo Salinas Price. The company has operations in Latin America and is the largest non-bank provider of cash advance services in the United States.
HSBC México, S.A., the principal operating company of Grupo Financiero HSBC, S.A. de C.V., is one of Mexico’s four largest banking and financial service companies, with 1,400 branches and 5,200 ATMs. HSBC purchased Banco Internacional, S.A. known as Bital, in November 2002, several years after Bital participated in the controversial Fobaproa, which rescued the nation's banks from the 1994 crisis, at the cost of the Mexican taxpayers.
Corficolombiana is a Colombian company dealing in financial products, with its customers being some of the largest corporations in Colombia.
Grupo Aval is a Colombian holding company engaged in a wide variety of financial activities, including banking, telecommunications and real estate; in Colombia and Central America. Grupo Aval is controlled by Luis Carlos Sarmiento, who indirectly owns around 80 percent of its shares.
Banco de Bogotá is the first commercial bank established in Colombia.
Davivienda is a Colombian bank founded on August 1, 1972, which renders services to individuals, companies, and the rural sector. Currently, it is part of Grupo Bolivar and it is the third-largest bank in Colombia by assets and profits.
Gonzalo Morales Sáurez was a Costa Rican painter. He studied in The San Fernando Academy in Madrid, Spain from 1970 to 1974. He is best known for his hyper-realistic works, and has exhibited his art in many museums and art galleries in Europe and the Americas.
HSBC Bank (Panama) S.A. was a subsidiary of HSBC Holdings plc headquartered in Panama City, Panama. The bank provides Personal banking, Corporate banking and Treasury services to Panama. In 2013 Bancolombia Group acquired HSBC Panama and renamed it as Banistmo.
The ATH/A Toda Hora S.A. Network is an interbank network connecting the ATMs of various financial institutions in Colombia.
Carrión is a chain of department stores in Central America.