Primer Banco del Istmo

Primer Banco del Istmo (Banistmo)

Industry	Banking
Fate	Acquired by HSBC Holdings plc
Successor	HSBC Bank (Panama)
Founded	1984
Defunct	2009
Headquarters	Panama City, Panama City
Products	First Direct

Primer Banco del Istmo trading as Banistmo or Banco Del Istmo is the largest bank in Panama and Central America, it is part of the HSBC Group following its former parent company, Grupo Banistmo’s acquisition by HSBC in November 2006. It was the subsidiary of HSBC Bank (Panama) S.A. until it mergered into HSBC Bank (Panama) in 2009.

HSBC

Board of directors	Douglas Flint (Group Chairman) Stuart Gulliver (Group CEO) Iain Mackay (Group Finance Director) Marc Moses (Group Chief Risk Officer) Phillip Ameen Kathleen L. Casey Safra A. Catz Laura Cha Lord Evans of Weardale Joachim Faber Rona Fairhead Sam Laidlaw John Lipsky Rachel Lomax Heidi Miller Sir Simon Robertson Jonathan Symonds

Brands	First Direct Hang Seng Bank HSBC HSBC Expat HSBC Premier HSBC Private Bank HSBC Trinkaus M&S Money Proa SABB

Principal local banks	Argentina Canada People's Republic of China Egypt France Germany Hong Kong Malaysia Middle East Mexico Panama Poland Saudi Arabia Sri Lanka Taiwan Turkey United Kingdom United States

Minority stakes and joint ventures	Bank of Communications (19%) HSBC Saudi Arabia (60%) SABB (40%) Ping An Insurance (19.9%) Techcombank (15%) Bank of Shanghai (8%)

Predecessor companies	Grupo Banistmo Bank of British Columbia Beneficial Continental Bank of Canada Crédit Commercial de France Greenwich Savings Bank Guyerzeller Household Imperial Bank of Persia Lloyds Bank of Canada Marine Midland Bank Midland Bank Republic New York Samuel Montagu & Co. Williamsburgh Savings Bank

Former susbsidiaries	HSBC Bank (Brazil)

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Primer Banco del Istmo

See also