Nacion.com reported statements by Luis Carlos Sarmiento, president of Grupo Aval, published in Portfolio,
"We are following everything closely. It seems that HSBC has organized a sale of its assets in some Central American countries, Peru, Uruguay, Paraguay, Chile and Colombia."
The senior manager said that his client has sufficient liquidity to make new investments, in an article in Portfolio’s online edition of September 30.
The interest of Grupo Aval in HSBC comes after the latter group negotiated the sale of its Chilean subsidiary to Brazil's Itaú group last Thursday. "
HSBC spokesmen in Costa Rica have denied that the institution is exiting the local market.
Source: Nacion.com
More on this topic
July 2010
Luis Carlos Sarmiento Angulo, one of the richest men on earth, is the owner of Grupo Aval, which controls some of the largest banks in Colombia.
Grupo Aval agreed to purchase 100% of the shares of BAC-Credomatic from GE Capital for $1.9 billion. Currently, GE owns 75% of BAC-Credomatic and agreed to buy the remaining 25% to sell it to Grupo Aval.
December 2010
Grupo Aval completed the purchase of BAC-Credomatic completing the transaction for the purchase price of $ 1,920 million.
Luis Carlos Sarmiento Angulo, president of the board of Grupo Aval, which owns 75% of Banco de Bogota, told the press, "We hope to expand the product range and offer new services designed to meet Colombian customers established in Central America and Central American customers doing business in Colombia.”
June 2010
Juan Carlos Sansón, general manager of BAC-Credomatic, stated that GE’s sale of BAC-Credomatic shares is “nothing but a rumor”.
He told newspaper La Prensa that they don’t have any official information confirming that General Electric intends to sell Bac-Credomatic. He did acknowledge, however, that GE intends to reduce its participation in the financial market.
January 2012
The Banco Davivienda, part of the Bolivar Group, has acquired the operations of HSBC in Costa Rica, El Salvador and Honduras.
HSBC Holdings announced on Tuesday the sale of its operations in Costa Rica, El Salvador and Honduras, for $801 million.
Up until September 30th HSBC had 136 branches in the three Central American countries, handling $4.3 billion in assets and $2.5 billion in loans.
español
1895
