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


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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.
Total assets of the company at the end of June 2008 (close of the fiscal year) were at around $1.71 billion, an increase of 40% in comparison to the previous year. The loan portfolio was at $1.19 billion (a 44% increase), while credit on local market grew by 16%. Total deposits were at $1.19 billion, an increase of 36%.

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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.

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