$100 million has been approved for the Electricity Transmission Company to finance construction of new power transmission lines of 115 kv and 230 kv, expansion of existing lines and new physical structures.
From a statement issued by the National Economic Council (CENA):
The National Economic Council (CENA) has given approval to the Electricity Transmission Company (ETESA) for a total of 100 million dollars to finance 18 projects that are part of the investment plan which focuses on improving the electricity transmission network in the country, informed the Minister Economy and Finance, Dulcidio De La Guardia.
In what appears to be a reaction to the scandals caused by the allegations of corruption on the part of members of the previous administration, Citibank and Banco Nacional have stopped attending to the accounts where the Democratic Party's administrators deposited money coming mainly from electoral subsidy.
An announcement has been made that as of May 4 customs settlements will be paid through Internet banking.
In order to start implementing this system, transactions will be made through the National Bank of Panama, and later the Caja de Ahorros will be incorporated and finally the private banks will be included.
Prensa.com reported that "... On Tuesday April 28 a meeting is planned between the Customs Authority and the National Bank of Panama to finalize the technical details of this measure. "
Access to credit at 0% interest for the agro sector, announced in the plan for support to the sector, only applies to certain agricultural crops and dairy farming.
The program for granting interest-free loans for agriculture, which runs until December 2016, has several conditions and limitations as it does not apply for any type of investment or activity in the sector.
In the first three months of the year $1.350 million worth of securities were traded, up from $1.057 million traded in the same period in 2013.
Increased purchases of securities in the first quarter of 2014 "were made by BG Valores ($230.09 million), Prival Securities ($228.88 million), Banco Nacional de Panama ($195.62 million), MMG Bank Corporation ($142 55 million) and Citivalores ($126.06 million) ... While those who presided over sales were Prival Securities, with $362.97 million; BG Valores, with $209.33 million; MMG Bank Corporation, with $200.52 million; and Citivalores, to $169.25 million ... "
At the end of 2013 the balance of these loans in the banking system exceeded $10 billion, representing growth of 30% in the last three years.
The increase in the real income of households, the Preferred Interest Act and the increased demand for housing in the medium / high cost category, have strengthened the portfolio of mortgage loans in the country, with the balance of this portfolio up to March this year standing at $10.296 billion, $9.041 billion for homeownership loans and $1.254 billion for commercial premises.
The National Cattlemen's Association is negotiating sending a shipment every three months of 1,500 high genetic quality cattle to the South American country.
In January, the National Cattlemen's Association (Anagan) sent a proposal to the directors of Agrobanco of Peru to negotiate the sale of cattle to farms in Panama. Anagan's deal involves sending 1,500 cattle of high genetic quality every three months to the South American nation.
I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction. Wanted partner for financing and/ or construction in the...
Technisys is the omnichannel digital banking company. It offers technology solutions that allow banks to stand out through their customer experience, increase their sales and dramatically reduce their time-to-market when it comes to launching new financial services. Technisys culture lies on its innovation, its human capital talent and its vision of the future. The digital age represents an unprecedented growth opportunity for the financial service providers, and Technisys helps its customers to differentiate and capitalize it.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2256 7168