Coldwell Banker opens offices in GuatemalaTuesday, January 27, 2009 Coldwell Banker real estate company inaugurated two offices in the Pradera Zone and in Europlaza. Elperiodico.com.gt reports: "The office is looking to attract two types of buyers: American investors, retirees who seek to set up in the country and middle-upper class Guatemalans who wish to return. Coldwell Banker could start operations in GuatemalaMonday, December 15, 2008 The main real estate company in the world, Coldwell Banker, could start operating in Guatemala next year. The firm's internet page points out that it is present in 50 countries in Asia, Australia, Europe, the Middle East, in the Americas, and on the Isthmus in Belize, Costa Rica, Guatemala, Honduras, Nicaragua, and Panama. However, it did not provide any information about its office in the country. Productos del Aire de Guatemala improves its installationsMonday, September 29, 2008 Productos de Air de Guatemala, the biggest producer of gas for medical and industrial use in Central America, has acquired an industrial plant and equipment to improve its installations. Ex-Im Bank approved a loan guarantee for US$9.9 million to Chart Inc and Cosmodyne LLC in order to facilitate the export to "Productos del Aire" de Guatemala. Guatemala: Competition for RemittancesThursday, May 3, 2012 $4.5 billion a year comes from the U.S., generating a fierce battle between 22 banks and transfer companies that compete for the market. The stiff competition for larger pieces of the cake that makes up remittances is leading banks and financial companies to sign alliances and join forces. Guatemala: Negative Figures for Offshore BankingWednesday, February 14, 2018 At the end of 2017, the assets reported by these entities decreased by 4% compared to 2016, and profits were reduced by 1% in the same period. The political uncertainty generated by the cases of corruption revealed during the course of the year, added to the unfavorable performance of the economy, explained part of the results on offshore banking in Guatemala. GE Money to increase its participation in BACThursday, July 10, 2008 The American financial giant GE Money is negotiating to buy more shares in the Bank of Central America (BAC Credomatic) over the medium term. In 2006 the two firms signed an agrement under which GE Money would acquire 49.99 percent of BAC's capital. Multi-million-dollar loan for Honduran companySunday, April 27, 2008 The Banco Financiera Comercial Hondureña S.A. (Ficohsa) and Guatemala's Banco GT Continental, together with several local banks, including Atlántida, BAC-Bamer, GTC Bank, Banco Aliado and Tower Bank, have put together a syndicated loan of 77 million dollars for Corporación Dinant. The funds will be used for investment in plant and agro-industry. Surplus funds will be used for publicity and marketing. Bantrab of Guatemala will increase its international funding baseTuesday, November 4, 2008 The Master Guarantee Agreement will allow the Workers' Bank to receive $10.61 million in funds. The agreement was signed by the Central American Bank for Economic Integration (BCIE) and the Workers' Bank (Bantrab) and guaranteed by the Export-Import Bank of the United States (US Ex–Im). Guatemala: Banknote Issuance Contract AwardedWednesday, December 5, 2012 The Bank of Guatemala has awarded to companies from Canada and the Netherlands the issuance and distribution of 1 and 20 quetzal banknotes. The Dutch Joh. Enschedé Banknotes B.V. will issue banknotes in denominations of Q20 amounting to Q14,807,904.87 million ($1.88 million). Scotia Bank to Open Office in GuatemalaTuesday, July 19, 2011 By November the Canadian funded bank will open an administrative office in order to introduce its brand to the country. The bank has had a presence in the country since 2008, when it acquired the Banco de Antigua. Coldwell Banker Affliates of Central America Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Guatemala: Former Directors of Bancafé ProsecutedWednesday, March 13, 2013 The Banking Unit of the Prosecution Office Against Organized Crime has accused them of a special case of fraud, comprising continuous money laundering and financial intermediation. Eduardo Manuel González Rivera, his sons Manuel Eduardo and Jorge Alfredo Gonzalez Castillo, Ariel Estuardo Camargo Fernández, Moisés Cupersmith, Óscar Salazar Perdomo, Gloria Marina Barrios Pineda, Eduardo Antonio Palomo Escobar and his son Eduardo Alberto Palomo Marh, Patricio Andrade Falla, Álvaro Maldonado Vásquez, Celeste Aída Desirée Soto de Vetorazzi, Francis Frederick Fisher Theriot and Juan Eladio Campos Moraga, are accused "of having defrauded the company and led to its bankruptcy." Balboa Bank to Go on SaleMonday, July 4, 2016 After the bank was taken over because of its inclusion in the Clinton List drawn up by the U.S. Treasury Department, the Superintendency of Banks has ordered its reorganization and sale to another bank. From a statement issued by the Superintendency of Banks in Panama: USA Denounces Money Laundering Network in PanamaFriday, May 6, 2016 A list of people and companies involved in international money laundering includes brothers Abdul and Nidal Waked, another 6 individuals, and 68 companies, among which is Balboa Bank. The businessmen Abdul and Nidal Waked and companies such as Grupo Wisa, Vida Panama and Balboa Bank, have been included in the "Clinton" list which indicates which people and related organizations are linked to money laundering and drug trafficking activities. Panama: Interventions in Balboa Bank and Balboa SecuritiesFriday, May 6, 2016 As a result of the inclusion of both companies in the "Clinton" list drawn up by the US Treasury Department, the respective Superintendents have ordered interventions. For its part the Administration of Supervision and Regulation of Non-Financial Subjects activated special supervisions in non-financial companies which are listed by the OFAC as part of the network, in this case those operating in Colon Free Zone: Grupo Wisa, S.A., Vida Panama S.A., Servicio de Equipo Rodante Incorporado and Grupo Cima S.A., among others. |
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