A. M. 
Inversiones Cuscatlán Centroamérica, a leading investor in the region’s financial sector, has signed a purchase agreement with Grupo ASSA S.A. to acquire 100% of the shares of La Hipotecaria Holding Inc. This agreement reaffirms the solid growth and expansion process of Inversiones Cuscatlán in Central America and Colombia.
La Hipotecaria Holding Inc. controls several subsidiaries, including Banco La Hipotecaria, S.A., which provides financial services directly in Panama. In addition, through its subsidiaries, La Hipotecaria, S.A. de C.V., and La Hipotecaria Compañía de Financiamiento, S.A., operates in El Salvador and Colombia, respectively. This will allow Inversiones Cuscatlán to expand and diversify its portfolio of financial products and services.
The agreement is subject to regulatory approval by the Superintendencia de Bancos de Panamá (SBP), the Superintendencia de Competencia de la República de El Salvador (SC), and the Superintendencia Financiera de Colombia (SFC). During the approval process, the financial institutions will continue to operate independently and maintain their current practices.
Federico Nasser Facussé, President of Inversiones Cuscatlán, stated: “We are pleased to announce this purchase agreement, which is subject to the corresponding regulatory approvals. This transaction represents a decisive step in our commitment to growth and expansion in the region. We remain dedicated to investing in the development of Central America, and with this new project, we are expanding our presence and operations to Panama and Colombia. Our main objective is to offer our clients the best financial products and services, making us the ally they need to achieve their personal and business dreams”
Eduardo Fábrega of Grupo ASSA S.A. said, “For Grupo ASSA, it is fundamental to ensure that La Hipotecaria remains in the hands of shareholders with solid financial strength and a long track record of success, as well as the current senior management executives”.
Inversiones Cuscatlán, recognized for its strong presence in El Salvador, Guatemala and Honduras, acts as a holding company for several banking and insurance businesses in the region. It currently has a client portfolio of close to 2 million clients in the three countries, consolidating its position as a leader in financial services in the Central American region and now in Colombia.
