A press release from Grupo Financiero Ficohsa states:
The formalization of the transaction is subject to approval by the Guatemalan Superintendency of Banks in accordance with the Regulations for the acquisition of shares approved by the Monetary Board.
Grupo Financiero Ficohsa (GFF) is the main shareholder of Banco Ficohsa, the bank with most capital in the Honduran financial system, and also in Ficohsa Seguros, the largest company in Honduras in terms of net premiums, and the sixth largest in Central America. Grupo Financiero Ficohsa began its internationalization strategy in 2001 through a representative office in Florida, USA, in order to service the market of Honduran migrants. In 2011 Grupo Financiero Ficohsa continued its expansion strategy by launching operations in Panama, with an internationally licensed bank. Today it moves into the country with the largest economy in Central America – Guatemala; acquiring 90% of the shares of Banco Americano, SA and hence establishing operations in three Central American countries, to complement its U.S. operation.
Mario Gonzales Porras, Executive Director of Banco Americano said: "Grupo Financiero Ficohsa will offer customers of Banco Americano S.A. a complete financial platform with regional and international access, but still with the same special treatment that has always differentiated this institution."
Source: Banco Ficohsa
More on this topic
February 2012
The Superintendency of Banks of Guatemala, in accordance with Article 19 of the Law on Banks and financial groups, has authorized the purchase by Grupo Financiero Ficohsa of 90% of the shares of Banco Americano, S.A.
Ficohsa Financial Group (GFF) Ficohsa Bank's main shareholder, is the bank with the most capital in the Honduran financial system and Ficohsa Insurance is the largest company in Honduras in terms of net premiums and the sixth largest in Central America.
March 2012
The Honduran bank has received approval from the Guatemalan Superintendency of Banks to provide services from April.
The financial group Ficohsa can use its brand for transactions and banking services in Guatemala from next April, authorized by the Guatemalan Superintendency of Banks.
August 2010
Prival Securities, Inc., a subsidiary of the bank with the same name, has agreed to purchase 100% of Mundial Asset Management (MAM) shares.
The agreement was signed in Panama City by Juan Carlos Fábrega, President of Prival Bank and Fernando Lewis, Executive President of Grupo Mundial Tenedora, S.A.
April 2008
The Banco Financiera Comercial Hondureña S.A. (Ficohsa) and Guatemala's Banco GT Continental, together with several local banks, including Atlántida, BAC-Bamer, GTC Bank, Banco Aliado and Tower Bank, have put together a syndicated loan of 77 million dollars for Corporación Dinant.
The funds will be used for investment in plant and agro-industry. Surplus funds will be used for publicity and marketing.
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