Grupo Banistmo
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Grupo Banistmo is a Panamanian financial services company, and the largest in Central America. In 1999 it began an expansion strategy that has resulted in the acquisition of banks in several Central American countries, as well as Colombia and the Bahamas. It is the holding company of Primer Banco del Istmo, S.A. or Banistmo, the largest bank in Panama. Its President and Chief Executice Officer is Alberto Vallarino. In November 2006 it was acquired by HSBC Holdings plc.
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Corporate directors: Lord Butler of Brockwell | Raymond Ch'ien | John Coombe | Francisco Gil Díaz | Baroness Dunn | Rona Fairhead | Douglas Flint | William Fung | Michael Geoghegan | Stephen Green | Sharon Hintze | James Hughes-Hallett | Sir Brian Moffat | Sir Mark Moody-Stuart | Gwyn Morgan | Stewart Newton | Simon Robertson | Helmut Sohmen | Sir Brian Williamson |
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Brands: Bank of Bermuda | Beneficial | first direct | Hang Seng | HFC | HSBC | HSBC Bank International | HSBC Guyerzeller | HSBC Halbis Partners | HSBC Investments | HSBCnet | HSBC Premier | HSBC Trinkaus & Burkhardt | Marbles | M&S Money | Proa | Property Vision | WTAS |
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Principal local banks: Argentina | Australia | Bermuda | Brazil | Canada | China | Egypt | France | Germany | Hong Kong | Malaysia | Middle East | Malta | Mexico | Poland | Turkey | United Kingdom | United States |
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Minority stakes and joint ventures: Bank of Communications (19.9%) | Bank of Shanghai (8%) | HSBC Saudi Arabia Limited (60%) | Ping An (19.9%) | Techcombank (10%) | SABB (40%) | |
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Annual group revenue: $61.7 billion USD ( |
