On October 22nd the sixth bank security forum in Panama will he held and will address issues related to risk management and security of transactional systems.
The event being run by the Banking Association of Panama (ABP), will discuss issues such as the form and migration of the crime of bank robbery, cyber Banking Security, Security for ATM's, computer crimes and research methods in Panama, among others.
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.
The Venezuelan Grupo Financiero B.O.D. has officially opened its Allbank offices in Panama City, where it started operations on 23 July.
Capital.com reports that "The general license bank has been operating in Panama for three months from the Tower of the Americas, and provides all services, and has a team made up of 31 employees. Their CEO, Santos Alonso, is a certified public accountant with over 30 years experience in the area. according to the Superintendency of Banks in Panama, the branch of the Venezuelan group started with an initial capital of $13.4 million. "
The Banco Nacional de Costa Rica is putting out to tender the construction of a branch in Tibás, San Jose.
The contract includes demolition of existing facilities and construction of a new building for a branch of Banco Nacional in Tibás Costa Rica, which currently houses the aforementioned offices, with the aim of providing better customer service.
The bank will invest between 5 and 7 million in the opening of 3 new branches this year.
The CEO of Scotiabank El Salvador, Peru's Juan Carlos Garcia Vizcaino, confirmed the new investments in three new branches, the relocation of others and new channels and technology to improve customer service.
Fitch Ratings believes that improving the level of efficiency in the banking system would result in a notable increase in profits.
The required improvements in efficiency in the banking systems in Central America could have a positive impact on earnings, on the internal generation of capital and, ultimately, on risk ratings, according to a report by Fitch Ratings.
The main shareholder of the new bank, which will open operations on 13 July, is the Panamanian holding company Bicapital Corporation.
As outlined in an article in Elperiodico.com.gt, Banco Industrial El Salvador will absorb the existing operations of the representative office of Banco IndustrialGuatemala, which is already operating business loan services in El Salvador.
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