HSBC Bank Costa Rica

In November 2006, HSBC acquired Grupo Banistmo, the leading banking group in Central America and gave HSBC access to new markets, with offices in Colombia, Costa Rica, El Salvador, Honduras, Nicaragua and Panama.^{[citation needed]}

Following the acquisition, HSBC rebranded Banistmo's operations in Costa Rica under the HSBC name. By 2011, HSBC Costa Rica served retail, commercial, and corporate banking clients through 29 branches, with total assets amounting to approximately US$1.4 billion as of September 30, 2011.^[1]

In January 2012, as part of a strategic plan to streamline its operations and focus on core markets, HSBC announced the sale of its businesses in Costa Rica, El Salvador, and Honduras to Banco Davivienda for US$801 million.^[1] The sale in Costa Rica was worth US$300 million.^[2]

In December 2012, the transaction was completed. Banco Davivienda took over the HSBC Costa Rica operations and rebranded them to Banco Davivienda (Costa Rica) S.A., Davivienda Puesto de Bolsa (Costa Rica) S.A and Davivienda Sociedad Agencia de Seguros (Costa Rica) S.A.^[2]

• List of banks in Costa Rica
• List of banks in the Americas