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Article: Small is beautiful.
- Article from:
- Revista Latin Trade
- Article date:
- April 1, 2007
CopyrightCOPYRIGHT 2007 Freedom Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Central American banking deals are seeing a double-digit rise as free trade with the U.S. edges toward reality. Banking institutions on the isthmus have seen an increase of net profit due to the revenue of loan portfolios. U.K. global bank HSBC is the leading acquirer, buying Panama's Grupo Banistmo in a deal valued at US $1.78 billion.
MERGERS AND ACQUISITIONS IN 2006
Target Deal value
Target company Country (US$ millions)
Grupo Banistmo Panama1,781
Grupo Cuscatlan El Salvador 1,510
Banagricola El Salvador887
Corporacion Interfin Costa Rica...