BAC Credomatic


BAC Credomatic is a financial group in Central America, with operations in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Grand Cayman, The Bahamas, and Florida.

History

Founded in 1952 in Managua as Banco de América Central, BAC was the forerunner of what is now known as the BAC Credomatic Group. By the seventies, the bank ventured into the business of credit cards using the Credomatic brand.
In the mid eighties, the Group decided to enter other markets in the region, starting in Costa Rica with the acquisition of what is now known as Banco BAC San José. BAC Credomatic has presence all over Central America, as well as in Florida, Cayman Islands and The Bahamas.
In 2004 The Group started its credit card operations in Mexico, which was later sold to Banco Invex in 2016.
In December 2010, Grupo Aval completed the purchase of the BAC Credomatic banking group.
In 2016, Credomatic de México S.A. de C.V., a subsidiary of BAC International Inc., signed a contract to transfer to Banco Invex S.A. its Mexican credit cards business
In 2017 the group started to use BAC Credomatic as brand for all their bank and credit card services, using a new modern logo.