Panama: Global Bank Corp. increases its assets
Total assets of the corporation are at around $1.71 billion, an increase of 40%.
Monday, August 11, 2008
Selling out is not on the agenda of the directors of Global Bank Corp., which occupies the number two spot for companies with Panamanian capital, especially now that it has ended the fiscal year with good results. The company has plans to continue seeking opportunities in the region and to double its international portfolio.
Domestic credit to the private sector amounted to $36 thousand 861 million, an increase of 8.7% compared to the previous year.
The high yield on financial income is due to the sustained increase of 26.7% in the loan portfolio.
In March 2016 the total assets of the fifteen largest business groups listed on the Panamanian Stock Market grew by 12% compared to the same period in 2015.
It has been announced that the Guatemalan bank has acquired assets belonging to the Honduran group estimated at $108 million.
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