Central America and Caribbean best bank 2017: BAC International Bank

The recent trend for growth among local pan-regional banks continues and, in the last year, Grupo Financiero Ficohsa’s acquisition of Citi’s banks in Honduras and Nicaragua shows that it may well be a challenger in the future for BAC International Bank, which retains this year’s award for the best bank in central America and the Caribbean.

Awards for Excellence 2017

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The recent trend for growth among local pan-regional banks continues and, in the last year, Grupo Financiero Ficohsa’s acquisition of Citi’s banks in Honduras and Nicaragua shows that it may well be a challenger in the future for BAC International Bank, which retains this year’s award for the best bank in central America and the Caribbean.

The attraction for BAC, which is part of Banco de Bogotá, is clear. The region has a population of roughly the same size as Colombia and, with low credit penetration and projected GDP growth of 4%, offers both opportunity and diversification.

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