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Grupo Ficohsa snaps up Citigroup’s businesses in Nicaragua

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Grupo Financiero Ficohsa, a regional financial group of Honduran capital and headquartered in Panama, has agreed to acquire 100 percent of the shares of Banco Citibank de Nicaragua and Cititarjetas de Nicaragua. Citi’s operations in Nicaragua are comprised of $255 million in total assets, a loan portfolio of $171 million, $197 million in deposits and […]
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