Panama: $225 Million in Bank ConsolidationThe shareholders of Grupo Centenario de Inversiones, the parent company of Banco de Panamá, authorized the merger with Banco Aliado, S.A. for an amount of $225 million.Friday, May 31, 2019
The signing of the agreement is scheduled for May 31, 2019 and the operation is expected to be completed in September, as banks must receive the corresponding regulatory authorizations. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need information about the financial sector?Request more information: Need assistance? Contact us
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Multibank Panama Changes OwnershipNovember 2019 After Grupo Aval S.A. of Colombia signed an agreement to acquire Multibank Financial Group of Panama, the transaction process is expected to be completed in the second quarter of 2020. Credit to the Private Sector up 7%February 2019 At the end of 2018, credit granted to the business sector in Guatemala registered a 7% increase over December of the previous year. Panama: Banvivienda with New OwnerSeptember 2018 It has been announced that Global Bank Corporation will sign an agreement to acquire 99.97% of the shares of Banco Panameño de la Vivienda, for an estimated price of $245 million. Panama: Credit to Private Sector Up 8.7%July 2014 Domestic credit to the private sector amounted to $36 thousand 861 million, an increase of 8.7% compared to the previous year.
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