Banco General of Panama Begins Operations in Costa Rica

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.

Thursday, May 7, 2009


©image: bgeneral.com

Federico Albert, vice president of international banking, said that this branch will provide business services and also serve the personal banking segment.

Hassel Fallas, in his article in the Nacion website, wrote: "The entity has $30 million in capital to start working here as a commercial bank. Alberto Sauter is the general manager.
The new banking firm hired 40 people and it foresees that each new branch will create 10 additional jobs."

More on this topic

New Banco General Branch in Costa Rica

October 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. This new branch is located in Curridabat, in the capital city of San Jose.

"It is a bank with General License, providing the Costa Rican market with products and services to consumer and corporate clients", reports Pa-digital.com.pa.

BCT Bank Opens Head Office in Panama

August 2009

The entity, subsidiary of Costa Rica's BCT Corporation, inaugurated its head office in Panama City.

It operates in Panama since September 2008, and in March 2009 it opened its first branch in Chitré.

Web site Panamá América published comments by Jorge Sosa, BCT Bank Panama executive vice-president: "... in the face of the global economic crisis, the entity is focusing on relationships with medium and long-term customers".

Banco Lafise Expands in Costa Rica

January 2010

The banks started an expansion plan in the country by opening a new branch in the locality of Desamparados.

Gilberto Serrano, CEO at Banco Lafise, explained their plans to open 5 new branches in 2010, in addition to offering new products.

"Credit and debit cards, saving and checking accounts in colones, dollars and euros, investment certificates, mortgages and loans are just some of the services the bank offers", told Serrano to prensalibre.cr.

New bank to begin operations in El Salvador

September 2008

The Industrial Bank of El Salvador is completing the procedures at the Financial System Superintendence to formally become a bank.

According to the Superintendence, shareholders will hold 1% or more of the social capital of said company which is being created and includes: Banco Industrial S.A. (from Guatemala), Construagro S.A. (from El Salvador), y José Luis Zablah Touché (from El Salvador).

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