Credit Andorra obtains license to operate in Panama

Credit Andorra has received a temporary license to operate in Panama via the Banco Credit Andorra (Panamá) SA bank.

Monday, September 1, 2008

Banco Credit Andorra (Panamá) SA. is in the process of being set up. Sources explained that the financial entity hopes to obtain a permanent license in the next few weeks; however they did not want to reveal more details about the project.

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Banco Azteca Expands in El Salvador

February 2011

The bank plans to open ten new branches in 2011, adding up to 52 in the country.

Luis Niño, President of the Board of Directors of Banco Azteca El Salvador, said they want to increase the local market share by doubling its loan portfolio.

He added to Prensagrafica.com: "We put millions in loans.

G&T Continental Expands in El Salvador

October 2010

The Guatemalan financial group plans to open 27 new branches next year in El Salvador.

Flavio Montenegro, General Manager, told Prensa Libre the group already has 23 branches, with the new openings it will consolidate presence in Salvadoran market.

"First, we will consolidate in El Salvador and then will start working in the other markets (Central America)," added the executive.

Peru’s Interbank Wants to Operate in Panama

February 2010

“Banco Internacional del Perú S.A.”, also known as Interbank, requested permission before the Panamanian Banking Superintendence to operate in the country.

The bank requested a temporary permit, in order to register in Panama as a foreign society. Then it will request an International Banking License to operate in the country.

Azteca Bank Next to Start Operations in El Salvador

May 2009

The process is in the final stage. Once the required technical aspects have been approved, the permits to operate would be granted.

Luis Armando Montenegro, Superintendent of the Financial System (SSF), reported that the Board of Directors of the Superintendent will receive the case no later than June 10 for its approval.

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Scotiabank de Panamá

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (507) 260-4286 - (507) 2602218

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