BOGOTA, Colombia--(BUSINESS WIRE)--Colombian bank GNB Sudameris announced today the signing of a purchase agreement to acquire HSBC Bank’s operations in Colombia, Peru, Paraguay and Uruguay, a transaction that involves 62 offices and assets of approximately $4.4 billion.
The bank announced it will carry out operations in the four countries under the brand name Banco GNB as soon as it receives the authorization of each country’s regulatory agencies.
With regards to the transaction, Jaime Gilinski, chairman of the board of directors of GNB Sudameris Bank, commented: “This is the most important transaction in the history of the bank, as it expands significantly the group’s presence in South America, allowing us to boost our growth potential by offering services under a regional banking platform.”
Gilinski likewise stated, “we shall continue to serve each client in each of the four countries with the same level of quality, profitability and efficiency that has been our trademark in the Colombian market.”
GNB Sudameris: a success story
GNB Sudameris Bank has become a permanent and ongoing success story since being acquired by the Gilinski Group. Today, GNB Sudameris Bank is one of Colombia’s most efficient and solid banks, with the best portfolio, liquidity and financial systems competency indicators in the entire country.
GNB Sudameris Bank is a financial institution specializing in personal, business and small and medium enterprise banking, as well as asset management and brokerage services. In Colombia, GNB Sudameris Bank has more than 280,000 individual clients and 7,700 business clients, assets of more than $6.0 billion and an approximate net worth of $500 million.
The bank has 106 branches in Colombia’s major cities, and is the parent company of the Servibanca network, a leading nationwide ATM network with close to 2,000 ATMs in 450 municipalities throughout the country.