International banking giant HSBC is to exit Costa Rica, El Salvador and Honduras.
The company has conditionally sold its operations in those countries to Banco Davivienda, a banking group listed in Colombia. Davivienda, Colombia's third largest bank, will pay $801m in cash for the bankng operations. The deal is epxected to complete in the fourth quarter of 2012.
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Shares in HSBC were down 7.1p, or 1.3%, in lunch-time trading at 537.8p, in a banking sector that was down 1.84% at the time.
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