The Superintendence of Banks granted permission for Banco Atlántida, an entity of Honduran origin, to begin operating throughout the country under local supervision and regulation.
The constitution of Banco Atlántida in Nicaragua was authorized on October 24, 2017, but it was not until October 2, 2019 that the permit to operate in the financial system was published in La Gaceta.
On August 26, ABANK began operations in the country, a banking institution that emerged as a result of the acquisition of Banco Azteca's shares by Grupo Perinversiones.
At the end of June of this year and after the Superintendence of Competition accepted the request for concentration, Perinversiones S.A.
A reform to the Organic Law of the National Banking System proposes to allow foreign banks to choose between a corporation or a branch as the legal form to establish themselves in the country.
Project No. 21,292 called "Reform to Law No. 1644 - Organic Law of the National Banking System - Technical Sheet" was presented to the Legislative Assembly on March 8.
Authorities stated that the start of operations of the Honduran bank Atlántida is scheduled for early May.
Following presentation of the annual report by the Superintendency of Banks and Other Financial Institutions (Siboif), the head of the institution took the opportunity to state that the bank which already is operating in the Honduran financial system will start operations in the coming weeks.
In its first issuance of investment certificates, Banco Azul in El Salvador sold $21 million, with a five year term and a fixed rate of 5.98%.
The banking institution began operating in mid-2015, with an initial capital of $60 million, contributed in full by Salvadoran investors.
Eleconomista.net reports that "...It is the first placement in the BVES after the pension reform. According to Carlos Araujo, president of the aforementioned banking institution, the parameters were defined before the pension agreement and it was decided to maintain the rate."
In disagreement with the only proposal presented so far, depositors of the intervened Balboa Bank & Trust are preparing their own offer to acquire the bank.
From May Banco Industrial will be included in the list of entities that make up the Panamanian banking system.
The Superintendency of Banks in Panama granted to Banco Industrial de Guatemala a general license to operate in the banking system, starting with an initial capital of $20 million and "... 23 employees", reports Prensalibre.com.
"... The BI-Bank headquarters will be in a central avenue in the international banking center of Panama, in the area of Obarrio. "
The company Financiera de Inversión has received authorization to start operating as a private bank in the country.
With capital of $15 million, the company which has so far only operated in the financial segment will start providing banking services under the brand Banco INV, and will be subject to the regulation required of participants of the banking system.
The bank acquired 70% of the shares of Universal Bank and annulled the license which it had been granted to operate in the microfinance segment.
The Superintendency of Banks authorised CANAL BANK, SA (BMF) General Banking License, to change its name from CANAL BANK, SA (BMF) to CANAL BANK, SA and canceled and annulled the banking license for Microfinancing granted to CANAL BANK, SA (BMF).
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. "
The new entity, founded with 100% local capital, has started operating two branches offering products such as savings and checking accounts, personal loans, mortgages and corporate lending.
The entity started with an initial capital of $60 million, provided entirely by Salvadoran investors, as reported by representatives of the bank when they started the license application process.
The Agricultural Bank has started construction of the building which will be its headquarters in the capital, with an estimated $55 million investment.
The new headquarters of the Agricultural Bank will be located south of the capital, on the Olympic Avenue and its construction will require an investment of approximately $55 million.
The CEO of the Agricultural Bank, Rafael Barraza told Laprensagrafica.com that "...
Promerica Group has proposed to the concessionaire of the project HKND the opening up of bank branches along the Canal and the provision of other financial services during the execution of the work.
The Production Bank, Banpro, is looking to develop a service plan appropriate to the measures and requirements of HKND Group, which would include executive support, differentiated tariffs and especially the installation of branches along the Grand Canal.
The bank of Guatemalan origin has announced the completion of the purchase process of Procredit and the beginning of operations in December, focusing its services on the agricultural sector.
After completing the purchase process of shares of ProCredit Bank for $30 million, Banrural has announced that it will start operations with 15 agencies nationwide. Its main customer is the agricultural sector, but it also provides loans to SMEs in all areas.
The company Husky International Corp. has requested temporary permission for an International Banking License for BPR Bank SA, which is under formation.
From a statement issued by the Superintendency of Banks of Panama:
In compliance with Article 51 of the Banking Act and Agreement No. 3-2001, as amended by the Agreement No. 2-2006, we report: