In the local market, an issuance was made of a fixed-rate security with maturity in November 2021 and 216 billion in securities in colones, with terms ranging from 2020 to 2029.
In a statement, the Ministry of Finance reported that"...The issue in colones raiseda total amount of ¢216,205.83 million, in different titles with maturity from 2020 to 2029, associated with fixed and variable rate coupons (Sovereign Adjustable Real) anda fixed rate in dollars with expiration in November 2021, in which $514.82 million was raised; assigned to 15 participants."
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. "
An agreement has been made to the sale of 100% of the shares of Banco de Soluciones Bansol to Grupo Prival de Costa Rica, a subsidiary of Prival Bank S.A.
The relevant fact was published by the Superintendency of Securities (Sugeval):
"... On October 13th all the shareholders of Banco de Soluciones Bansol de Costa Rica S.A signed the documents for negotiation of the sale of all of the shares in circulation of aforementioned Costa Rican bank.
The issuance by Empresa Nacional de Autopista (ENA), is due for release in mid-October and the funds will be used to finance the expansion of the Northern Corridor and for a toll system and a surveillance system.
The Northern Corridor extension will be made from Brisas del Golf up to the 24 de Diciembre and the toll system and video surveillance will be installed on these two highways.
In 2010, nine new banks entered the banking sector in Panama.
Of these, four are local private banks, three have international license and two are foreign banking entities.
The new operations launched are Banco Lafise Panama (March 10), Bank of Nova Soctia (Panama) SA (Oct 10) Prival Bank (March 10), Balboa Bank & Trust Corp (May 10) Banco La Hipotecaria (June-October), Uni Baak & Trust Inc. (Dec-10), Andbanc (Feb-10), Banca Privada D'Andorra (April-October) and International Bank of Peru (May 10).
With $25 million in capital, Panamanian owned Prival Bank started operating in the country.
The new institution intends to engage in private and mercantile banking, both in Panama as in Central America, explained Juan Carlos Fábrega, head of the board.
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