Grupo Cibest (CIB) completes divestiture of Banistmo S.A. to Inversiones Cuscatlán
Rhea-AI Filing Summary
Grupo Cibest S.A. reports that it has completed the sale of Banistmo S.A., a transaction 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., in exchange for the previously agreed purchase price.
The price was funded with resources from Banco La Hipotecaria and an international syndicated loan. Following the closing, Banistmo is no longer a subsidiary of Grupo Cibest and is now wholly owned by the Inversiones Cuscatlán group. Grupo Cibest also states it has not entered into agreements with Inversiones Cuscatlán regarding director elections or other material corporate matters.
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Insights
Grupo Cibest closes Banistmo sale, exiting that subsidiary relationship.
Grupo Cibest has completed the divestiture of Banistmo S.A., transferring 100% of its shares to Banco La Hipotecaria, part of the Inversiones Cuscatlán group. The consideration was the agreed purchase price funded by La Hipotecaria and an international syndicated loan.
This confirms a strategic move to remove Banistmo from Grupo Cibest’s consolidated structure, as Banistmo ceases to be a subsidiary. The filing also notes there are no agreements with Inversiones Cuscatlán on board elections or other material corporate matters, suggesting a clean separation without ongoing governance ties.
