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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.
Due to GE Capital focusing on industrial activity rather than retail banking, the group acquired for US$1.9 billion BAC|Credomatic Network from GE Consumer Finance in July 2010 [5] Grupo Aval made a debut global offering of $600 million in February 2012 with advisory assistance from New York law firm Davis Polk & Wardwell .
The two first commercial banks in Nicaragua opened in 1888. The Bank of Nicaragua (Spanish: Banco de Nicaragua), later rebranded as the Bank of Nicaragua Limited, headquartered in London and then merged with the London Limited Bank of Central America, and the Mercantil Agricultural Bank (Spanish: Banco Agrícola Mercantil) that went bankrupt for non-payment of their debtors.
Guatemala City is also headquarters to numerous regional private banks, among them CitiBank, Banco Agromercantil, Banco Promerica, Banco Industrial, Banco GyT Continental, Banco de Antigua, Banco Reformador, Banrural, Grupo Financiero de Occidente, BAC Credomatic, and Banco Internacional.
The Bank of Guatemala (Spanish: Banco de Guatemala) is the central bank of Guatemala. It was established in 1945. Its headquarters is one of the most recognized Brutalist themed architectural structures. Designed by architects José Montes Córdova and Raúl Minondo, the iconic bank stands within the heart of the city's civic center.
The Industrial and Commercial Bank of China (ICBC; Chinese: 中国工商银行) is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the "big four" banks in China, and the largest bank in the world by total assets. [8]
Banco Industrial de Venezuela (Industrial Bank of Venezuela), or BIV, was a Venezuelan state bank. History. The BIV was established in 1937 with 60% state and 40% ...
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