The Central American conglomerate, with a presence in El Salvador, expands its network of operations in Spain.
The Atlántida Financial Group will debut in the Spanish market after the National Securities Market Commission (CNMV) authorized it to compare 45 per cent of the shares of EBN Capital, the manager of investment funds of the Spanish company EBN Banco.
The operation is carried out through Iberoatlantida, a company that holds the shares of Investments Atlantis (Invatlan). The authorization confirms that the financial conglomerate of Honduran origin complied with regulatory requirements and its vision of expansion outside the American continent.
We are very pleased with this important advance and to mark a milestone within our financial trajectory as it is the first group of Honduran origin to gain access to the Spanish financial market, said Guillermo Bueso, president of the Atlántida Financial Group.
The Honduran conglomerate completed 100 years of operations in 2023. He is currently one of the most important financial groups in Central America, with a presence in his native country, El Salvador, Nicaragua, Panama and Ecuador.
The group’s portfolio includes products in banking, insurance, pensions, leasing (financial lease), securities houses and investment managers.
The financial conglomerate will acquire 45 per cent of the operation of EBN Capital in Spain. /Atlántita
With the purchase of the Spanish manager, the group reaches a portfolio that exceeds four million clients in the five operating countries. In addition, it manages more than $21 billion, with a 6,000-collaboration spreadsheet.
Santiago Fernández Valbuena, president of EBN Capital and vice president of EBN Banco, said that the purchase by a Central American financial giant is an unequivocal endorsement of the differentiated value proposal of EBN Capital.
Atlántica has been a partner of EBN Banco since 2021, with a 9.9% stake. EBN Capital, for its part, specializes in the launch of funds – innovative, high profitability in the markets of the United States and Spain.
Grupo Atlántida began operations in El Salvador in 2017 after buying the shares of Banco ProCredit. Its portfolio includes the insurer Atlántida Vida, the stockbroker house Atlántida Securities, the investment fund manager Atlántida Capital, and AFP Confía.
Atlántica is the seventh largest bank in the Salvadoran square, with a 5.1 percent stake in the loan portfolio and 4.4 percent in deposits.
This article has been translated after first appearing in Diario El Mundo