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Grupo Bancolombia
Bancolombia's CFO told the Wall Street Journal that it hopes to satisfy the growing demand for credit to finance Panama's infrastructure projects.
An article on emii.com comments that, "the new Panamanian branch will finance local individuals and companies in the country. Presently, the Colombian bank is operating an offshore bank in Panama, which offers services for foreigners".
Bancolombia is also present in El Salvador, where it acquired a local bank for $0.9 billion three years ago.
Source: emii.com
More on this topic
February 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.
The new operations launched are Banco Lafise Panama (March 10), Bank of Nova Soctia (Panama) SA (Oct 10) Prival Bank (March 10), Balboa Bank & Trust Corp (May 10) Banco La Hipotecaria (June-October), Uni Baak & Trust Inc.
March 2012
The Honduran bank has received approval from the Guatemalan Superintendency of Banks to provide services from April.
The financial group Ficohsa can use its brand for transactions and banking services in Guatemala from next April, authorized by the Guatemalan Superintendency of Banks.
November 2010
On the first of November Bansol became the 17th bank in the country.
The new bank will operate almost 100% electronically.
Few branches, small and without ATMs, were the words of its CEO Carlos Fernandez.
"The accounts opened will be linked automatically to the Integrated Electronic Payment System (IPNS) in order to facilitate the process of transferring to any destination within the domestic financial system," writes Elfinancierocr.com.
November 2009
The bank plans to expand its presence to 39 branches, from the 29 offices it currently operates in El Salvador.
The announcement was made by Luis Niño de Rivera, president of the board, who remarked that the bank has so far created 445 jobs and will employ 100 more people next year.
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