Panama: Global Bank Corp. increases its assets

Total assets of the corporation are at around $1.71 billion, an increase of 40%.

Monday, August 11, 2008

Selling out is not on the agenda of the directors of Global Bank Corp., which occupies the number two spot for companies with Panamanian capital, especially now that it has ended the fiscal year with good results. The company has plans to continue seeking opportunities in the region and to double its international portfolio.
Total assets of the company at the end of June 2008 (close of the fiscal year) were at around $1.71 billion, an increase of 40% in comparison to the previous year. The loan portfolio was at $1.19 billion (a 44% increase), while credit on local market grew by 16%. Total deposits were at $1.19 billion, an increase of 36%.

More on this topic

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In March 2016 the total assets of the fifteen largest business groups listed on the Panamanian Stock Market grew by 12% compared to the same period in 2015.

An article on notes that    "...Empresa General de Inversiones (EGI) and BG Financial Group are the two conglomerates with the largest assets, the former closed the first three months of 2016 with $15.643.12 million and the latter with $15,418.72 million, representing an increase of 12.37% and 12.38% respectively. "

Banrural Buys Banco Continental's Assets

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It has been announced that the Guatemalan bank has acquired assets belonging to the Honduran group estimated at $108 million.

As part of the process of forced liquidation of Banco Continental, which began on October 12, the Bank founded in Guatemala acquired 32% of the assets, which has an estimated total value of $225 million.

Panama: Credit to Private Sector Up 8.7%

July 2014

Domestic credit to the private sector amounted to $36 thousand 861 million, an increase of 8.7% compared to the previous year.

According to figures from the Superintendency of Banks of Panama, liquid assets of the institutions increased by 14.4% and the loan portfolio by 4.8%.

Panamanian Banking Industry increases assets by 35.5%

August 2008

The high yield on financial income is due to the sustained increase of 26.7% in the loan portfolio.

As of May 2008, the consolidated assets of the International Banking Center (CBI) totaled 73.7 billion Balboas, an increase of 35.5%; while on a bank-only basis, the assets continue to show a growing trend with a balance of 61.2 billion Balboas, representing an increase of 28.6%

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