españolPanama's Banco General receives US$160 million syndicated loanTuesday, June 3, 2008 Panama City's leading bank, Banco General, received a US$160 million syndicated loan coordinated by Unicredit and BNP Paribas. The bank said that the loan – which is divided into two tranches, one of two years, the other of three – will broaden and diversity its sources of financing. The interest rates were not revealed. Panama's Banco General income grows 58.9%Thursday, February 12, 2009 In 2008, Panama's largest private bank recorded an increase of 58.9% in its net income. Prensa.com publishes: "By December 31st 2008, Banco General's net assets were valued in $7.908 million, $634 million more than 2007, an 8.72% increase." Panama: Banco General Increases Profits 17%Tuesday, October 27, 2009 Profits for the third quarter summed $50.3 million, 17.4% more than the same period of 2008. Income for net loan interest and deposit operations increased 8% in the same period. New Banco General Branch in Costa RicaFriday, October 2, 2009 'Banco General Costa Rica', 100% subsidiary of Panamanian Banco General S.A., inaugurated a new branch in the country. The bank entered Costa Rica's market in May 2009. Panama: 23% Increase in Commercial CreditTuesday, February 15, 2011 In 2010 the global loan portfolio increased 13.26%, with commercial loans growing the most at 22.7%. Banco General, with $ 4,975 million, was the market leader in loans followed by HSBC with $ 3,859 million. Panamanian Banks to Apply More Fraud MeasuresMonday, October 17, 2011 Better internet connections and mass use of mobile phones have led to an increase in phishing scams. In the last year (2010) alone losses of $18 billion and $20 billion were reported, according to information from the Federal Bureau of Investigation (FBI). The 4 Major Credit Cards in PanamaWednesday, February 8, 2012 Citibank, with $242 million; BAC International Bank, with $176.5 million; HSBC Bank, with $134 million and Banco General, with $133 million, are the banks that have the highest loan amounts. The annual amounts of loans taken out using credit cards in Panama last November amounted to $867.9 million, far surpassing the $61.1 million figure for the same period in 2010. $602 million in bond issues pending in PanamaWednesday, July 23, 2008 Panama's National Securities Commission says there are 13 bond issues pending that will raise a total of 602 million dollars. Among the upcoming issues are a 250-million-dollar issue of perpetual bonds for from Banco General; another from Global Bank Corp for 60 million dollars; and three from the International Bank of Costa Rica, the Multistrategy Fixed Income Fund and the Sociedad de Inversión Inmobiliaria Balboa, each for 50 million dollars. Bond issue for $250 million by Banco GeneralTuesday, October 2, 2012 Panama’s El Banco General has made a public issue of rotating bonds for a total of $250 million. The prospectus published by the Panama Stock Exchange reads: Cable & Wireless Panama Pays DividendsWednesday, October 17, 2012 Dividends for the first trimesters of fiscal year 2012 totaled $16.6 million to be divided up with 49% going to the State, 49% to Cable & Wireless Holdings Limited CALA, and 2% to the company’s workers. These dividends are for the quarter April to June 2012, and are 60% of the net income for the period, according to the dividend policy. Banco General of Panama Begins Operations in Costa RicaThursday, May 7, 2009 The first branch will be officially opened on May 21, and it expects to open 10 to 15 more branches over the next five years. Federico Albert, vice president of international banking, said that this branch will provide business services and also serve the personal banking segment. Banco General Moves into Consumer BankingMonday, May 10, 2010 In Costa Rica, Panama’s Banco General is starting a push into the country’s consumer banking market. In its first year of operation, the bank focused only on corporate customers, but will now expand into the consumer banking market gradually. $50 million for Banco General de PanamaFriday, August 26, 2011 The International Finance Corporation has granted a loan to Banco General de Panama so that it can offer more mortgages to low-income families. The $50 million long-term IFC funding , which will run for seven years, will enable Banco General match the maturity needed to finance mortgages for low-income groups. Banking Costs Increase in PanamaMonday, May 20, 2013 Transactions and inquiries at ATMs and ownership of credit and debit cards, have doubled in cost over the past two years. At some banks, membership fees have grown from an average of $15 to $21.40 for debit cards, which is an increase of 42.6%. Cable & Wireless Panama Pays DividendsFriday, October 25, 2013 Dividends corresponding to telecoms shares in the first quarter of the fiscal year 2013-14 totaled $13.8 million. "The government, which owns 49% of the shares, is entitled to $6.8 million and an equal amount will got to CWC CALA Holdings Limited, through its shareholding of 49%", reported Prensa.com. Of the remaining 2%, $278 thousand will be allocated to the trustee (Banco General SA). |
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