Canal Bank and Lafise After Banco Universal

Following the suspension of operations in June, the Banco Universal de Panama entered into an organizational process that culminated with the sale of assets and liabilities of the company.

Tuesday, October 13, 2015

The invitation to participate in the expressions of interest was issued to all banking institutions with a general license in the Panamanian banking system. The finalists in this auction, as reported, are Canal Bank and Lafise.

"... Canal Bank is a locally owned entity focused since 2014 on the market of microfinance. It forms part of Grupo Nase, a holding company that started with Nacional de Seguros in Panama and Colombia. "

"... Lafise, meanwhile, is a bank with experience in consumer, commercial and corporate loans. It handles operations in Panama, Miami (USA), Mexico, Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Venezuela, Colombia and the Dominican Republic. "

See: Panama: Possible Sale of Banco Universal

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