The sale of the bank to Strategic Investors Group (SIG) has become a reality, after complying with international and domestic requirements.
U.S. judge David Godbey authorized custodian Ralph Janvey to proceed with the sale.
Several procedures had to be completed to authorize the sale: “the formal authorization of the U.S. judge, ... approval by the Panamanian Banking Superintendence (SBP), an audit of the bank’s financial statements and total control of its assets”, reported Laestrella.com.pa.
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