BAC Credomatic International Bank
BAC Credomatic International Bank is a privately held universal bank founded in 1952, headquartered in Costa Rica, operating across seven Central American and Caribbean countries, serving 6.4 million retail and corporate customers with deposits, lending, credit cards, and digital banking services.
- Company typePrivate
- Founded1952
- HeadquartersSan José, Costa Rica
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What BAC Credomatic International Bank does
BAC Credomatic International Bank is a privately held universal bank headquartered in San José, Costa Rica, founded in 1952 and operating across seven Central American and Caribbean countries: Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, and the Bahamas. The bank serves retail consumers, SMEs, and large corporates through a horizontal segment strategy spanning personal banking, mortgages, credit cards, commercial lending, trade finance, and treasury services. Distribution combines an extensive physical branch network with a digital banking platform offering online and mobile account access, payments, and financial management tools.
The company generates revenue primarily through traditional banking interest income from lending activities (personal loans, mortgages, commercial lending, credit facilities), fee and commission income from accounts, transactions, and credit cards, and increasingly from digital financial services. Pricing is not publicly disclosed. The bank's go-to-market combines sales-led relationship banking for retail and corporate clients with self-serve digital channels for the long tail of consumer and SMB customers.
The corporate parent is BAC Holding International Corp., and the franchise was materially expanded in March 2026 with the completion of BAC's majority stake acquisition of Multi Financial Group and its subsidiary Multibank in Panama. The combined entity holds approximately $45.7 billion in assets, serves 6.4 million customers, and is led by Executive President Ramón Chiari Brin (with Rodolfo Espinach as president and chief executive officer), targeting a top-three position in the Panamanian banking sector. The legal merger between BAC Panama and Multibank remains subject to approval from the Superintendency of Banks of Panama.
BAC Credomatic International Bank firmographics
Firmographics- Name
- BAC Credomatic International Bank
- Legal name
- BAC International Bank, Inc.
- Website
- https://baccredomatic.com
- Company type
- Private
- Founded year
- 1952
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- BAC Credomatic International Bank is a privately held universal bank founded in 1952, headquartered in Costa Rica, operating across seven Central American and Caribbean countries, serving 6.4 million retail and corporate customers with deposits, lending, credit cards, and digital banking services.
- Ownership category
- akta.pro rank
BAC Credomatic International Bank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221), Offices of Bank Holding Companies (551111)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Consumer & Retail (CPG, Food, Apparel) (FSABACAM)
Keywords
Where BAC Credomatic International Bank is headquartered
LocationHeadquarters
- HQ city
- San José
- HQ country
- Costa Rica
- HQ region
- Latin America
Offices8 records
Markets served
BAC Credomatic International Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income: Traditional banking interest income from lending activities including personal loans, mortgages, commercial lending, and credit facilities
- Fee and Commission Income: Banking fees and commissions from account services, transactions, credit cards, and other financial services
- Digital Financial Services: Revenue from expanded digital financial services offered through the combined BAC-Multibank platform
Go-to-market motion2 records
Distribution channels2 records
Marketing channels2 records
BAC Credomatic International Bank product offering
Product offeringCore offering
BAC Credomatic International Bank is a multi-country commercial bank that offers retail and corporate banking products including deposits, savings accounts, personal loans, mortgages, credit cards, commercial lending, business loans, treasury services, and trade finance across seven countries in Central America and the Caribbean. It distributes these services through an extensive physical branch network and a digital banking platform with mobile and online capabilities.
Product overview
BAC Credomatic International Bank operates as a multi-country financial institution offering digital banking services to personal customers across seven countries: Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, and the Bahamas. The company's primary product is its digital banking platform, which enables customers to access banking services online and via mobile devices. The bank has recently expanded through the acquisition of Multi Financial Group (MFG) and its Multibank subsidiary in Panama, pending regulatory approval, positioning the combined entity with approximately $45.7 billion in combined assets serving 6.4 million customers.
Differentiator
Problem solved
Functional benefit
Products and services
- BAC Digital Banking Platform
Companies that use BAC Credomatic International Bank
Customer profileSegments2 records
Ideal customer profiles2 records
BAC Credomatic International Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
BAC Credomatic International Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Multi Financial Group (MFG)flagshipBAC completed acquisition of majority stake in Multi Financial Group, becoming controlling shareholder of MFG and its subsidiary Multibank. Transaction positions combined entity with $45.7 billion in assets and 6.4 million customers. Subsequent merger of BAC Panama and Multibank pending regulatory approval from Superintendence of Banks of Panama.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
BAC Credomatic International Bank competitors and assessment
Company assessmentDirect peers
- Banco Industrial: Guatemala's largest commercial bank by assets, competing directly with BAC across retail, SME, and corporate banking in Guatemala and broader Central America. Highly comparable deposit-funded franchise and multi-segment customer base.
- Davivienda: Colombian bank with material Central American operations (Costa Rica, Honduras, El Salvador, Panama, Nicaragua). Competes head-to-head with BAC in retail and SME banking across overlapping markets.
- Banco General: Leading Panamanian commercial bank and a direct competitor for BAC in the Panama market — particularly relevant given BAC's top-3 positioning ambition post-Multibank acquisition.
- Scotiabank (Central America operations): Operates a multi-country retail and commercial banking platform across Central America (notably Costa Rica, Panama, and others). Scotiabank also holds a strategic stake in BAC Holding, making it both a peer and shareholder.
- Banistmo: Major Panamanian universal bank owned by Bancolombia, providing retail and commercial banking across Panama. Direct competitor in BAC's most strategically important market post-merger.
- Banco Agrícola (Bancolombia): El Salvador's largest commercial bank, part of the Bancolombia group. Competes with BAC in retail, SME, and corporate banking across the Salvadoran and broader Central American markets.
- Promerica Financial Group: Regional banking group with operations across Central America, the Caribbean, and South America. Competes with BAC in retail and SME banking in multiple overlapping markets.
Broad incumbents
- HSBC Central America: Global universal bank with established Central American presence focused on corporate, treasury, and affluent retail banking. Competes with BAC for corporate and high-net-worth segments.
- Citibank Central America: Global incumbent with corporate and affluent-segment banking across Central America. Overlaps with BAC in corporate banking, treasury services, and cross-border trade finance.
Regional players
- Banco LAFISE: Nicaragua-headquartered regional banking group with presence across Central America. Smaller scale than BAC but a comparable multi-country retail/SME banking model in overlapping markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
BAC Credomatic International Bank social profiles
Digital presenceBAC Credomatic International Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
BAC Credomatic International Bank leadership team
Management profileNumber of profiles
Profiles1 record
BAC Credomatic International Bank subsidiaries and ownership
Company hierarchySubsidiaries3 records
BAC Credomatic International Bank funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BAC Credomatic International Bank M&A and investment
M&A and investmentM&A1 record
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BAC Credomatic International Bank
What does BAC Credomatic International Bank do?
BAC Credomatic International Bank is a multi-country commercial bank that offers retail and corporate banking products including deposits, savings accounts, personal loans, mortgages, credit cards, commercial lending, business loans, treasury services, and trade finance across seven countries in Central America and the Caribbean. It distributes these services through an extensive physical branch network and a digital banking platform with mobile and online capabilities.
When was BAC Credomatic International Bank founded?
BAC Credomatic International Bank was founded in 1952. It employs 5,001 to 10,000 people.
Where is BAC Credomatic International Bank based?
BAC Credomatic International Bank is headquartered in San José, Costa Rica, in the Latin America region.
How does BAC Credomatic International Bank make money?
Three revenue lines are on record. Interest Income is the primary driver. The others are fee and Commission Income and digital Financial Services.
Who are BAC Credomatic International Bank's main competitors?
Direct peers on record are Banco Industrial, Davivienda, Banco General, Scotiabank (Central America operations), Banistmo, Banco Agrícola (Bancolombia) and Promerica Financial Group. Broad incumbents are HSBC Central America and Citibank Central America. Banco LAFISE is listed as a regional player.
Does BAC Credomatic International Bank have an API?
No public API is recorded for BAC Credomatic International Bank.
What industry is BAC Credomatic International Bank in?
BAC Credomatic International Bank's product category is Retail Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 52211 and its SIC code is 6022.