In April this year the mortgage loan portfolio of the banking system amounted to $12 billion, 15% more than in the same month in 2014.
The growing demand for homes in Panama is the main factor behind the steady growth in mortgage lending, which is expected to continue rising due to the deficit that still exists in the availability of housing.
The growth in the portfolio between April 2014 and March of this year was $1.545 billion.
Beginning in July, the financial group GE Money has the option to purchase additional shares.
Édgar Delgado wrote for the El Financiero website: GE Money bought 49.99% of BAC shares in May 2005. The original contract established the option that the parties could modify their shareholding participation beginning in the third quarter of 2009 and during a period of three years thereafter."
The American financial giant GE Money is negotiating to buy more shares in the Bank of Central America (BAC Credomatic) over the medium term.
In 2006 the two firms signed an agrement under which GE Money would acquire 49.99 percent of BAC's capital. Edmundo Vallejo, president of GE Money Latin America, said there is a possibility of buying more BAC shares, and to consolidate their operations.
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