# BAC Credomatic

> Source: https://docs.barcoder.ai/docs/wallets/bac-credomatic
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [BAC Credomatic — official](https://www.baccredomatic.com/)

## Overview

**BAC Credomatic** is **one of the largest financial services groups in Central America** + **Aval Acciones y Valores Colombian parent since 2010** + **5.7M+ customers across Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama** + **63.4% clients engaged digitally mid-2025** + **90.5% transactions through digital channels** + **2.1M+ digital banking customers regularly** <sup>[1][1], [2][2], [Panama report](https://docs.barcoder.ai/docs/payments/PA)</sup>. **2025 baseline**: BAC Credomatic 5.7M+ customers across Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama + 63.4% clients engaged digitally mid-2025 + 90.5% transactions through digital channels + 2.1M+ digital banking customers regularly; **BAC Credomatic Central America's Largest Bank Builds Customer Trust by Using CyberArk to Protect Critical Services** distinctive Central American digital banking security excellence.

**Distinctive BAC Credomatic positioning**:
- **One of the largest financial services groups in Central America** (BAC International Bank; Bogotá, Colombia + Panama HQ; covers Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama)
- **Aval Acciones y Valores Colombian parent since 2010** distinctive Colombian-Central American banking acquisition heritage
- **5.7M+ customers across Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama** distinctive Central American banking scale
- **63.4% clients engaged digitally mid-2025** distinctive Central American digital banking engagement
- **90.5% transactions through digital channels** distinctive Central American digital banking transaction migration
- **2.1M+ digital banking customers regularly** distinctive Central American digital banking active user scale
- **BAC Credomatic Central America's Largest Bank Builds Customer Trust by Using CyberArk to Protect Critical Services** distinctive Central American digital banking security excellence
- **1952 BAC founding in Nicaragua + 1995 merger with Credomatic → BAC Credomatic** distinctive Central American banking heritage

## History

**1952 — BAC Banco de América Central founded in Nicaragua** distinctive Central American banking heritage.

**1995 — BAC + Credomatic (Costa Rica) merger → BAC Credomatic** distinctive Central American banking consolidation.

**Jul 23 2010 — GE Capital sells BAC Credomatic to Grupo Aval Acciones y Valores (Colombian conglomerate)** distinctive Colombian-Central American banking acquisition heritage.

**2012 — BAC Credomatic Banca Móvil mobile banking app launch** distinctive Central American mobile banking strategy.

**Mid-2025 — BAC Credomatic 63.4% clients engaged digitally + 90.5% transactions through digital channels + 2.1M+ digital banking customers regularly + 5.7M+ customers across Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama** <sup>[1][1], [2][2], [3][3]</sup>.

## Ownership & operator

**Operating entity**: **BAC International Bank** (Bogotá, Colombia + Panama HQ; one of the largest financial services groups in Central America; covers Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama; Aval Acciones y Valores Colombian parent since 2010).

**Major shareholders**: **Grupo Aval Acciones y Valores S.A. (BVC: AVAL; NYSE: AVAL; Luis Carlos Sarmiento Angulo Colombian billionaire family controlling; Colombian conglomerate including Banco de Bogotá + Banco de Occidente + Banco Popular + Banco AV Villas + Corficolombiana) since Jul 23 2010 acquisition from GE Capital + Central American retail + institutional + foreign investors**.

**Regulators**: **SUGEF Costa Rica + SUGES El Salvador + SIB Guatemala + CNBS Honduras + SIB Panama + SIBOIF Nicaragua**.

## Technical integration

BAC Credomatic Banca Móvil mobile banking app (iOS + Android; 2.1M+ digital banking customers regularly) + baccredomatic.com online + BAC Credomatic branch network across Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama + BAC Credomatic Visa + Mastercard cards; ACH CR + SINPE Móvil CR + CLEER GT + CLEER SV + ACH HN + ACH NI + ACH PA; **BAC Credomatic 63.4% clients engaged digitally mid-2025 + 90.5% transactions through digital channels + 2.1M+ digital banking customers regularly** distinctive Central American digital banking transaction migration + **BAC Credomatic Central America's Largest Bank Builds Customer Trust by Using CyberArk to Protect Critical Services** distinctive Central American digital banking security excellence.

## Users & growth

**Mid-2025**: BAC Credomatic 63.4% clients engaged digitally + 90.5% transactions through digital channels + 2.1M+ digital banking customers regularly + 5.7M+ customers across Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama.

## Use cases

Central American (Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama) retail + private + SME + commercial + corporate + cross-border banking via BAC Credomatic Banca Móvil mobile + baccredomatic.com online + BAC Credomatic branch network across Central America + Visa/Mastercard cards; ACH CR + SINPE Móvil CR + CLEER GT + CLEER SV + ACH HN + ACH NI + ACH PA; **BAC Credomatic 63.4% clients engaged digitally mid-2025 + 90.5% transactions through digital channels + 2.1M+ digital banking customers regularly** distinctive Central American digital banking transaction migration.

## Implementations & partners

**Operator**: BAC International Bank (Bogotá, Colombia + Panama HQ; one of the largest financial services groups in Central America; covers Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama; Aval Acciones y Valores Colombian parent since 2010); Grupo Aval Acciones y Valores S.A. (BVC: AVAL; NYSE: AVAL; Luis Carlos Sarmiento Angulo Colombian billionaire family controlling) since Jul 23 2010 acquisition from GE Capital + Central American retail + institutional + foreign investors.

**Grupo Aval Colombian banking group ecosystem**: Banco de Bogotá (Banco de Bogotá; Colombian commercial bank; Grupo Aval subsidiary) + Banco de Occidente (Banco de Occidente; Colombian commercial bank; Grupo Aval subsidiary) + Banco Popular (Banco Popular Colombia; Colombian commercial bank; Grupo Aval subsidiary) + Banco AV Villas (Banco AV Villas; Colombian commercial bank; Grupo Aval subsidiary) + Corficolombiana (Corficolombiana; Colombian financial corporation; Grupo Aval subsidiary).

**Major Central American banking + payments competitors**: [Davivienda + DaviPlata](https://docs.barcoder.ai/docs/wallets/davivienda) (Davivienda Colombia + Central America; Colombian commercial bank + Grupo Bolívar Colombian conglomerate; Costa Rica + El Salvador + Honduras + Panama) + Scotiabank Costa Rica (Scotiabank Costa Rica) + Banistmo (Banistmo Panama; Bancolombia Panamanian subsidiary) + Banco Promerica (Banco Promérica Central America) + [Banco Popular Costa Rica](https://docs.barcoder.ai/docs/wallets/banco-popular-cr) (Banco Popular Costa Rica) + [Banco Nacional de Costa Rica](https://docs.barcoder.ai/docs/wallets/banco-nacional-cr) (Banco Nacional Costa Rica; Costa Rican state-owned bank) + [Mi Bancolombia (formerly Bancolombia Personas)](https://docs.barcoder.ai/docs/wallets/mi-bancolombia) (Bancolombia; BVC: BCOLOMBIA; Colombia's largest commercial bank by assets; Mi Bancolombia mobile banking).

**Regulators**: SUGEF Costa Rica + SUGES El Salvador + SIB Guatemala + CNBS Honduras + SIB Panama + SIBOIF Nicaragua.

## Fun facts

- **One of the largest financial services groups in Central America** (BAC International Bank; Bogotá, Colombia + Panama HQ).
- **Aval Acciones y Valores Colombian parent since 2010** distinctive Colombian-Central American banking acquisition heritage.
- **5.7M+ customers across Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama** distinctive Central American banking scale.
- **63.4% clients engaged digitally mid-2025** distinctive Central American digital banking engagement.
- **90.5% transactions through digital channels** distinctive Central American digital banking transaction migration.
- **2.1M+ digital banking customers regularly** distinctive Central American digital banking active user scale.
- **BAC Credomatic Central America's Largest Bank Builds Customer Trust by Using CyberArk to Protect Critical Services** distinctive Central American digital banking security excellence.
- **1952 BAC founding in Nicaragua + 1995 merger with Credomatic → BAC Credomatic** distinctive Central American banking heritage.
- **Jul 23 2010 GE Capital sells BAC Credomatic to Grupo Aval Acciones y Valores (Colombian conglomerate)** distinctive Colombian-Central American banking acquisition heritage.

## Comparison

| Feature | BAC Credomatic | [Davivienda + DaviPlata](https://docs.barcoder.ai/docs/wallets/davivienda) (Davivienda Colombia + Central America rival; Colombian commercial bank + Grupo Bolívar Colombian conglomerate) | Banistmo (Banistmo Panama rival; Bancolombia Panamanian subsidiary) | Scotiabank Costa Rica (Scotiabank Costa Rica rival) | [Banco Popular Costa Rica](https://docs.barcoder.ai/docs/wallets/banco-popular-cr) (Banco Popular Costa Rica rival) |
|---|---|---|---|---|---|
| Operator | **BAC International Bank (Bogotá, Colombia + Panama HQ; one of the largest financial services groups in Central America; covers Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama; Aval Acciones y Valores Colombian parent since 2010)** | Davivienda (BVC: PFDAVVNDA; Colombian commercial bank + Grupo Bolívar Colombian conglomerate) | Banistmo (Bancolombia Panamanian subsidiary) | Scotiabank Costa Rica (Bank of Nova Scotia Canadian parent subsidiary) | Banco Popular Costa Rica (Costa Rican commercial bank) |
| Type | **One of the largest financial services groups in Central America + Aval Acciones y Valores Colombian parent since 2010 + 5.7M+ customers across Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama + 63.4% clients engaged digitally mid-2025 + 90.5% transactions through digital channels + 2.1M+ digital banking customers regularly + CyberArk security partnership** | Colombian commercial bank + Grupo Bolívar Colombian conglomerate + Costa Rica + El Salvador + Honduras + Panama operations | Bancolombia Panamanian subsidiary | Bank of Nova Scotia Canadian parent subsidiary | Costa Rican commercial bank |
| Country | PA + CR + SV + GT + HN + NI | CO + CR + SV + HN + PA | PA | CR | CR |
| Distinctive | **1952 BAC Banco de América Central founding in Nicaragua; 1995 BAC + Credomatic (Costa Rica) merger → BAC Credomatic; Jul 23 2010 GE Capital sells BAC Credomatic to Grupo Aval Acciones y Valores (Colombian conglomerate); 2012 BAC Credomatic Banca Móvil mobile banking app launch; Mid-2025 63.4% clients engaged digitally + 90.5% transactions through digital channels + 2.1M+ digital banking customers regularly + 5.7M+ customers across Central America** | 1972 Davivienda founding by Sociedades Bolívar Colombian conglomerate; 2012 HSBC Costa Rica + El Salvador + Honduras acquisition by Davivienda + 2025 Davivienda Mexico Scotiabank Colombia divestment | 1907 Banistmo founding; 2013 Bancolombia Banistmo acquisition | 1832 Bank of Nova Scotia founding | 1969 Banco Popular Costa Rica founding |

## Status

**Active, one of the largest financial services groups in Central America + Aval Acciones y Valores Colombian parent since 2010 + 5.7M+ customers across Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama + 63.4% clients engaged digitally mid-2025 + 90.5% transactions through digital channels** <sup>[1][1], [2][2], [3][3]</sup>:
- **BAC International Bank (Bogotá, Colombia + Panama HQ; one of the largest financial services groups in Central America; covers Costa Rica + El Salvador + Guatemala + Honduras + Nicaragua + Panama; Aval Acciones y Valores Colombian parent since 2010)** since 1952 BAC Banco de América Central founding in Nicaragua + 1995 BAC + Credomatic (Costa Rica) merger → BAC Credomatic + Jul 23 2010 GE Capital sells BAC Credomatic to Grupo Aval Acciones y Valores + 2012 BAC Credomatic Banca Móvil mobile banking app launch.
- **BAC Credomatic 63.4% clients engaged digitally + 90.5% transactions through digital channels + 2.1M+ digital banking customers regularly + 5.7M+ customers across Central America**.
- **BAC Credomatic Central America's Largest Bank Builds Customer Trust by Using CyberArk to Protect Critical Services**.
- **SUGEF Costa Rica + SUGES El Salvador + SIB Guatemala + CNBS Honduras + SIB Panama + SIBOIF Nicaragua regulated**.

## Sources

[1]: https://www.worldfinance.com/banking/bac-credomatic-is-facilitating-digitalisation-in-central-america "Bac Credomatic is facilitating digitalisation in Central America — World Finance"
[2]: https://www.cyberark.com/customer-stories/bac-credomatic/ "Central America's Largest Bank Builds Customer Trust by Using CyberArk to Protect Critical Services — CyberArk"
[3]: https://grokipedia.com/page/BAC_Credomatic "BAC Credomatic — Grokipedia"
[pa-cro]: https://docs.barcoder.ai/docs/payments/PA

- [1] [Bac Credomatic is facilitating digitalisation in Central America — World Finance][1]
- [2] [Central America's Largest Bank Builds Customer Trust by Using CyberArk to Protect Critical Services — CyberArk][2]
- [3] [BAC Credomatic — Grokipedia][3]
- <sup>[Panama report](https://docs.barcoder.ai/docs/payments/PA)</sup> In-corpus: `reports/countries/PA-panama.md`

## Source

Biography extracted from [bac-credomatic.md](https://docs.barcoder.ai/source/wallets/bac-credomatic). See `matrix.md` for standards-support matrix if present.