Banco Cuscatlán and Uno complete merger with Citi in Costa Rica
Citibank finalized its fusion with Banco Cuscatlán and Banco Uno in Costa Rica this 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.
In addition, 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
Former Latin American leaders condemn ‘breakdown in the rule of law’ in El SalvadorThe Tico Times - May 6, 2021
Some 20 former presidents of Spain and Latin America, including Felipe Calderón and Vicente Fox from Mexico, and Álvaro Uribe…
Quepos airport renovations (finally) underwayAlejandro Zúñiga - May 6, 2021
Renovation and expansion of the runway at La Managua Airport in Quepos began Wednesday and will completed before September. "The…
PAHO says region’s hospitals are ‘dangerously full’Ariela NAVARRO / AFP - May 6, 2021
PAHO, the Americas office of the World Health Organization (WHO), warned on Wednesday that hospitals in the region are "dangerously…