Bital

Grupo Financiero Bital SA was Mexico's fifth-largest bank.

History

Bital was first known as Banco del Atlantico during the 1980s and later was changed to Bital. It was the last Mexican bank[1] whose balance sheet was still struggling from the 1995 Mexican peso crisis.

In 2002, HSBC Holdings PLC agreed to acquire Bital at an agreed price of $1.20 a share, thus Bital was valued at $1.14 Billion.[2]

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References
  1. "HSBC Buying Fifth-Largest Bank in Mexico for $1.1 Billion". NY Times. Retrieved 25 June 2018.
  2. "HSBC to Buy Mexico's Bital In Deal Valued at $1.14 Billion". The Wall Street Journal. Retrieved 25 June 2018.


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