Bital

Grupo Financiero Bital SA was Mexico's fifth-largest bank.

History

Bital was first known as Banco del Atlantico during the 1980s and later was changed to Bital. It was the last Mexican bank^[1] whose balance sheet was still struggling from the 1995 Mexican peso crisis.

In 2002, HSBC Holdings PLC agreed to acquire Bital at an agreed price of $1.20 a share, thus Bital was valued at $1.14 Billion.^[2]