BAC Invests $4.2 Million in Panama

Within its national expansion process, the banking entity opened 8 new branches.

Friday, April 30, 2010


©image: www.bac.net

CEO Jaime Moreno explained they based their decision in the expectative that Panama will continue growing as a center for international financial transactions.

“We had to change the institution to reflect the market’s current demand”, he told newspaper Panamá América.

BAC also plans to expand by installing branches within PriceSmart supermarkets.

More on this topic

HSBC to Invest $7 Million in Panama

July 2010

The investment responds to a change in the branch infrastructure with greater movement in the country.

The head of HSBC Panama announced the investment, adding that, "it is work in progress. What we are seeking is to enable customers to get access to all the bank's services," reports Prensa.com.

Costa Rica: Moderate Expansion of Bank Branches in 2012

January 2012

Only the Banco Popular plans to open ten new offices, the rest have plans from only one or two openings.

For the banks Nacional BCR, BCT, Lafise and others, it will be a year of moderate growth and their plans will be to participate in new developments or strategic communities.

Banks in Panama extend business hours

September 2008

The huge demand for services has forced banks to extend their business hours and are now working overtime at many of their branches.

Big banks such as Cuscatlán, General, Credicorp, Global Bank, HSBC-Banistmo, Bac International, Banvivienda and even the National
Bank of Panama, have extended their opening hours from 5pm to 6 pm, some are even opened until 7 pm.

G&T Continental Expands in El Salvador

December 2009

By opening its 11th branch, Grupo Financiero G&T Continental now features 600 locations in Central America.

The new Salvadoran branch is located at Shopping Mall Aventura Plaza, and will offer services in financing, investment, treasury, commerce, cash management and corporate and individual advising.


Scotiabank de Panamá

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (507) 260-4286 - (507) 2602218

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