Banco Davivienda Costa Rica is a major Costa Rican bank. It is a subsidiary of the Colombian bank Davivienda. It operates as a universal bank, stockbroker, and insurance agency.
History In January 2012, Davivienda purchased the Costa Rica, El Salvador, and Honduras operations of HSBC for roughly US$801 million (with the Costa Rican operation alone valued at approximately US$300 million).
In 2023, the parent company established Holding Davivienda Internacional, based in Panama, to structurally unite and manage its Central American subsidiaries (Costa Rica, El Salvador, and Honduras).
On January 6, 2025, Scotiabank and Davivienda announced a merger agreement through which Scotiabank would own 20% of Davivienda, and the latter would absorb Scotiabank Colpatria (Colombia), Scotiabank Panama, and Scotiabank Costa Rica. These operations would be subject to regulatory approvals throughout 2025. During the integration, Davivienda would operate its subsidiary and Davibank in parallel.
See also List of largest banks in Latin America
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