StockWatch
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Commercial Banks, NEC
DivestmentJun 30, 2026, 04:32 PM

Grupo Cibest Completes Sale of Banistmo S.A.

AI Summary

Grupo Cibest S.A. announced the completion of the sale of its subsidiary, Banistmo S.A., which was initially announced on December 18, 2025. Grupo Cibest transferred 100% of Banistmo's shares to Banco La Hipotecaria S.A., a subsidiary of Inversiones Cuscatlán Centroamérica S.A. The transaction was paid using funds from La Hipotecaria and an international syndicated loan, making Banistmo wholly owned by the Inversiones Cuscatlán group. Grupo Cibest confirmed no agreements were made with Inversiones Cuscatlán regarding corporate governance.

Key Highlights

  • Grupo Cibest S.A. completed the sale of Banistmo S.A.
  • 100% of Banistmo shares were transferred to Banco La Hipotecaria S.A.
  • Banco La Hipotecaria S.A. is a subsidiary of Inversiones Cuscatlán Centroamérica S.A.
  • The purchase price was paid with funds from La Hipotecaria and an international syndicated loan.
  • Banistmo S.A. is no longer a subsidiary of Grupo Cibest S.A.
  • Grupo Cibest has no agreements with Inversiones Cuscatlán regarding corporate matters.