Banco Cuscatlán and Uno complete merger with Citi in Costa Rica

October 31, 2008

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.

Facebook Comments

You may be interested

Costa Rica meets with Inter-American Commission on Human Rights to discuss Nicaragua, Venezuela, indigenous rights
Costa Rica
Costa Rica

Costa Rica meets with Inter-American Commission on Human Rights to discuss Nicaragua, Venezuela, indigenous rights

Alejandro Zúñiga - April 23, 2019

Costa Rica’s Minister of Foreign Affairs, Manuel Ventura Robles, met with the Inter-American Commission on Human Rights (IACHR) this week…

Freed Nicaraguan prisoner tells of torture
Central America
36 views
Central America
36 views

Freed Nicaraguan prisoner tells of torture

AFP - April 23, 2019

One Nicaraguan guard pinned his hand to a table with his knee while another ripped out a nail with a…

Costa Rica celebrates 150 years of free education
Costa Rica
9 views
Costa Rica
9 views

Costa Rica celebrates 150 years of free education

Alejandro Zúñiga - April 22, 2019

Costa Rica on Monday celebrated 150 years of free, obligatory and state-paid education with a ceremony at the Escuela Jesús…

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