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Industry | Banking |
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Predecessor | Banistmo (1984-2009) HSBC Bank (Panama) (2009-2013) |
Founded | 1984 |
Headquarters | Panama City, Panama City |
Products | First Direct |
Parent | Bancolombia |
Website | banistmo.com |
Banistmo is the largest bankinPanama and Central America. It was founded in 1984 as Primer Banco del Istmo before it became part of the HSBC Group following its former parent company, Grupo Banistmo's acquisition by HSBC in November 2006. It was the subsidiaryofHSBC Bank (Panama) S.A. until it merged into HSBC Bank (Panama) in 2009. In 2013 Bancolombia Group acquired HSBC Panama and renamed it as Banistmo.[1][2]