españolBalboa Bank Buys Banco TransatlánticoFriday, June 29, 2012 The agreement, subject to approval by the Superintendency of Banks in Panama, will allow Balboa Bank to buy a 100% stake in Banco Transatlántico. Once approved by the regulator, the Panamanian group Balboa Bank & Trust 's assets will exceed $300 million. Financing Being Studied for Refinery in Costa RicaTuesday, June 14, 2011 The Costa Rican Petroleum Refinery has begun to study funding models with representatives of Chinese companies. Soresco, in a joint venture with Recope and China's CNPC oil, has almost completed the project’s feasibility studies. Structured Finance in PanamaTuesday, November 26, 2013 On December 4th Fitch Ratings will hold a conference entitled 'Challenges and Opportunities for Structured Finance and Infrastructure in Central America and the Caribbean.' Securitization of Assets, an Option for Capital Markets in the Region, is one of the subjects to be discussed in the event's agenda. Participants will include Marielena Garcia, SVP of Investment Banking at MMG Bank Corp, Alberto Gutierrez, president of Titularizadora Colombiana, John Rauschkolb, General Manager La Hipotecaria and Diego Torres, vice general manager of BHD Valores Puesto de Bolsa. Financing for Moin RefineryTuesday, June 12, 2012 The state-owned China Development Bank Corporation will be in charge of structuring the financing of $1.2 billion for the new oil refinery in Costa Rica. Confirmation of the commitment by the Chinese state was made by Deputy Prime Minister of the Republic of China, Zhang Gaoli, who met on Sunday with the Costa Rican President Laura Chinchilla in San Jose, to sign an agreement. Capital Bank Acquires Bancolat from Virgin IslandsFriday, October 9, 2009 Capital Bank, a Panamanian banking entity, requested authorization to purchase 100% of Bancolat's shares. Bancolat Overseas is property of MTS Holdings Corporation, an entity located in the British Virgin Islands. For its part, MTS Holdings is fully owned by HSBC Bank in Panama. New Banks in PanamaMonday, February 28, 2011 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. New Bank Opens in PanamaFriday, May 28, 2010 Balboa Bank & Trust will open on May 31; it was recently authorized to operate by the Banking Superintendence. The institution was born after Strategic Investors Group Inc. completed the purchase of 100% of the shares of Stanford Bank (Panama) S.A. Regulating Entity Takes Control of Stanford Bank PanamaWednesday, February 18, 2009 The Banks Superintendent reported in a broadcasted message that it will effectively take financial and administrative control of the Stanford Bank Panama. DialogoCiudadano.com reports in its website: "The SEC accused Allen Stanford and two executives of the Stanford Financial Group of fraudulently selling $8 billion in certificates in a plan that involved operations from Texas to Antigua." Panama and the Council of the AmericasThursday, March 1, 2012 For the second consecutive year in Panama the Latin American conference of the Council of the Americas was held, this year subtitled "Panama: Where the World Meets." The Council of the Americas is a private U.S. organization, composed of large international corporations with interests in the region, and who are mediators seeking greater cooperation and economic integration in the continent. Prival Banks Starts Operating in PanamaTuesday, April 6, 2010 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. $25 million for Global Bank PanamaTuesday, December 16, 2008 The IDB announced a loan of 25 million to provide liquidity for Global Bank Panama. "The transaction will help Global Bank to diversify its sources of financing," as well as its liquidity in times of financial volatility, said the IDB in a release. Panama: Global Bank Corp. increases its assetsMonday, August 11, 2008 Total assets of the corporation are at around $1.71 billion, an increase of 40%. 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. Bids Presented to Buy Stanford Bank in PanamaFriday, April 17, 2009 At least three entities will present their bids today for the purchase of the bank's assets and the brokerage firm. Since the fraud investigations that were conducted in the US last February against the group's main shareholder, Stanford Bank Panama is under the control of the Superintendent of Banks. Two Proposals for Stanford Bank PanamaMonday, June 15, 2009 The Panamanian Superintendent of Banks reported that they have received two proposals to purchase 100% of the shares. The offers are being analyzed by the custodial representatives that were named by U.S. authorities. Transfer port proposed for Costa Rica's Caribbean coastWednesday, October 29, 2008 The construction of the port was proposed for Costa Rica by American Gategay Development (Amega). The infrastructure would be used for big ships that cannot cross the Panama Canal; goods would be transferred to smaller vessels to continue the journey. |
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Saturday, December 9, 2023 - last update: Friday, 5:27 pm
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