From May Banco Industrial will be included in the list of entities that make up the Panamanian banking system.
The Superintendency of Banks in Panama granted to Banco Industrial de Guatemala a general license to operate in the banking system, starting with an initial capital of $20 million and "... 23 employees", reports Prensalibre.com.
The company Financiera de Inversión has received authorization to start operating as a private bank in the country.
With capital of $15 million, the company which has so far only operated in the financial segment will start providing banking services under the brand Banco INV, and will be subject to the regulation required of participants of the banking system.
The bank acquired 70% of the shares of Universal Bank and annulled the license which it had been granted to operate in the microfinance segment.
The Superintendency of Banks authorised CANAL BANK, SA (BMF) General Banking License, to change its name from CANAL BANK, SA (BMF) to CANAL BANK, SA and canceled and annulled the banking license for Microfinancing granted to CANAL BANK, SA (BMF).
After having bought 100% of the shares of the Costa Rican bank Bansol, Prival Bank announced that from September 7 it will operate in the country under its own brand name.
The purchase of 100% equity of Bansol was announced in April, and now the Bansol brand name is being replaced by the Panamanian bank.
Nacion.com reports that "... Currently, Prival Group consists of Prival Bank, Prival Securities, Prival Trust and Prival Leasing, in Panamá, and Prival Securities in El Salvador. Prival Bank focuses on private, corporate and investment banking in Central America. "
Promerica Group has proposed to the concessionaire of the project HKND the opening up of bank branches along the Canal and the provision of other financial services during the execution of the work.
The Production Bank, Banpro, is looking to develop a service plan appropriate to the measures and requirements of HKND Group, which would include executive support, differentiated tariffs and especially the installation of branches along the Grand Canal.
The company will continue to focus its core business on the sector of small and medium enterprises.
The Superintendency of Banks in Panama granted the general banking license to the entity after it met the requirements under the law which included "... having a minimum capital of $10 million and meeting all requirements of the banking regulator."
The Venezuelan bank has moved its headquarters from Caracas to Panama City in order to manage, from there, the running of its branches in the other countries where it operates.
Dispelling rumors of a sale of its operations in Venezuela the government of Nicolas Maduro has announced that the entity will set up in Panama and from there coordinate activities in the 14 countries where it operates.
Banco Industrial will be investing $2.5 million in opening six new branches in El Salvador.
Banco Industrial de Guatemala has announced the opening of six new branches in El Salvador, in which will it invest $2.5 million. The first three branches will open before the end of the first quarter of 2014 and will be located in Sonsonate, San Miguel and Plaza Mundo.
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