Citibank completes bank takeover in Nicaragua

September 19, 2008

With the goal of strengthening Nicaragua´s credit card market, U.S. financial group Citibank has 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.

Facebook Comments

You may be interested

Alajuelense eliminated in the Costa Rican Clausura
Soccer
2 views
Soccer
2 views

Alajuelense eliminated in the Costa Rican Clausura

AFP and The Tico Times - April 21, 2019

Liga Deportiva Alajuelense tied 2-2 against the reigning champion, Club Sport Herediano, and was eliminated from the semifinals of the…

Costa Rica bets on ending fossil fuel use by 2050
Climate Change
21 views
Climate Change
21 views

Costa Rica bets on ending fossil fuel use by 2050

Marco Sibaja / AFP - April 21, 2019

Eric Orlich and his wife Gioconda Rojas own two electric vehicles, which they charge at home in the garage thanks…

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)
Pic of the Day
92 views
Pic of the Day
92 views

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)

Alejandro Zúñiga - April 18, 2019

Isla Nublar, the setting for much of the "Jurassic Park" series, is unfortunately not a real Costa Rican island. Cocos…

Do NOT follow this link or you will be banned from the site!