Banco HSBC (Costa Rica), S.A. was a subsidiary of HSBC Holdings plc headquartered in San José, Costa Rica. The bank provided personal banking and corporate banking services to Costa Rica. In 2012 Banco Davivienda acquired HSBC Costa Rica and renamed it as Banco Davivienda Costa Rica.
History
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.
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]