Banistmo

Last updated
Banistmo S.A.
IndustryBanking
PredecessorBanistmo (1984-2009)
HSBC Bank Panama (2009-2013)
Founded1984
Headquarters Panama City, Panama City
Products First Direct
Parent Bancolombia
Website 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]

Former Banistmo logo used between 1984 and 2009 Banistmo logo.png
Former Banistmo logo used between 1984 and 2009

See also

Related Research Articles

<span class="mw-page-title-main">HSBC</span> British multinational bank group

HSBC Holdings plc is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$2.919 trillion as of December 2023.

<span class="mw-page-title-main">HSBC Continental Europe</span>

HSBC Continental Europe, known until December 2020 as HSBC France SA, is a subsidiary of HSBC, headquartered in Paris.

<span class="mw-page-title-main">HSBC Bank (Brazil)</span>

HSBC Bank Brasil S.A. - Banco Múltiplo is subsidiary of Banco Bradesco in Brazil.

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.

HSBC Bank Polska S.A. offers Consumer finance, Corporate banking and Treasury services in Poland. Its headquarters are in Piłsudski Square, Warsaw.

HSBC Private Bank is the principal private banking business of the HSBC Group. HSBC Private Bank's holding company is HSBC Private Banking Holdings (Suisse) S.A.. The holding company is wholly owned by British HSBC Bank plc and its subsidiaries include HSBC Private Bank (Suisse) S.A., HSBC Private Bank (UK) Limited, HSBC Private Bank (C.I.) Limited, HSBC Private Bank (Luxembourg) S.A., HSBC Private Bank (Monaco) S.A. and HSBC Financial Services (Cayman) Limited.

<span class="mw-page-title-main">HSBC Bank Argentina</span> Argentine bank

HSBC Bank Argentina S.A. was the principal HSBC operating company in Argentina. It was the seventh-largest bank in the country, it provided a full range of banking and financial products and services, including commercial, consumer and corporate banking, to over 1.2 million customers. In April 2024, HSBC reached an agreement to sell its banking operations in Argentina to Banco Galicia. The re-brand process took about 12 months.

Michael Francis Geoghegan CBE is an international banking business executive, who served as the chief executive (CEO) of HSBC from 26 March 2006 to 31 December 2010. He joined HSBC in 1973 and had previously led the group's South American and European operations.

<span class="mw-page-title-main">Alberto Vallarino Clément</span>

Alberto Vallarino Clément, engineer, businessman and president of Grupo VerdeAzul, S.A. since 2011.

Grupo Banistmo was a Panamanian financial services company, and the largest in Central America. It was founded in 1984. In 1999 it began an expansion strategy that has resulted in the acquisition of banks in several Central American countries, as well as Colombia and the Bahamas. It was the holding company of Primer Banco del Istmo, S.A. or Banistmo, the largest bank in Panama. Its President and Chief Executive Officer was Alberto Vallarino. In November 2006 it was acquired by HSBC Holdings plc, and merged with HSBC Bank (Panama) S.A., the bank's existing subsidiary in 2007. In 2013 Bancolombia Group acquired HSBC Panama and renamed it Banistmo.

<span class="mw-page-title-main">Bancolombia</span> Colombian financial institution

Bancolombia S.A. is a full-service financial institution that provides financial products and services in Colombia, Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru and Guatemala. Bancolombia is one of the six banking-related companies of the COLCAP index. The Bank operates in nine segments: Banking Colombia, Banking El Salvador, Leasing, Trust, Investment, Brokerage, Off Shore, Pension and Insurance, and all other segments.

HSBC Bank may refer to any one of the following principal local banks or divisions of the HSBC Group:

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.

HSBC Guyerzeller Bank AG, a member of the HSBC Group, was a Swiss private bank advising individuals and families in all matters of wealth management, investment advice and trust services. Its head office was in Zürich, and it had two branches in Geneva, as well as representative offices in Hong Kong and Istanbul. It had 360 employees and about CHF 29 billion in assets under management. It is now subsumed under HSBC Private Bank.

<span class="mw-page-title-main">Banco Davivienda El Salvador</span>

Banco Davivienda El Salvador, established in 1885, is the third largest bank in El Salvador. As of 2012, it had some 65 branches, 1,800 employees and $1.5 billion in assets.

<span class="mw-page-title-main">Jaime Gilinski Bacal</span> Colombian banker and real estate developer

Jaime Gilinski Bacal is a Colombian banker, investor, and real estate developer. Gilinski resides in London. According to Forbes, he is the second richest person in Colombia, with a net worth of US$ 8.6 billion as of 2024.

Jaime Eduardo Alemán Healy is a Panamanian lawyer, businessman and diplomat. He served as Ambassador of Panama to the United States of America from August 11, 2009, to January 2, 2011, after being appointed to that position by the 52nd President of the Republic of Panama, Ricardo Martinelli Berrocal.

<span class="mw-page-title-main">Stuart Gulliver</span> British banker

Stuart Thomson Gulliver is a British banker, and the former group chief executive of HSBC. He was succeeded on 21 February 2018 by John Flint.

Charles Wiener de Croisset is a French banker.

<span class="mw-page-title-main">Grupo Sura</span> Colombian financial group

Grupo de Inversiones Suramericana is a multilatin company founded in 1945 in Colombia, which is listed on the Colombia Stock Exchange (BVC) and is enrolled in the ADR – Level I program in the United States. It is also the only Latin American entity in the sector Financial Services and Capital Markets, that is part of the Dow Jones Sustainability Indices.

References

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