Banking bank Superintendency of Banks of Panama Banks HSBC Bank (Panama) banking system Capital International Bank Ltda. (Panama) Bancolat Overseas Ltd. Banistmo Bank Bank opening Branch Ernesto Carlos Fernandes Guillermo Quijano MTS Holdings Corporation Mergers & Acquisitions

Capital Bank Acquires Bancolat from Virgin Islands

Capital Bank, a Panamanian banking entity, requested authorization to purchase 100% of Bancolat's shares.

Friday, October 9, 2009

©image: Capital Bank

Bancolat Overseas is property of MTS Holdings Corporation, an entity located in the British Virgin Islands. For its part, MTS Holdings is fully owned by HSBC Bank in Panama.

"The entity that Capital Bank is trying to acquire is a society established under legislation of the Island of Montserrat", reported the Banking Superintendence of Panama.

Source: pa-digital.com.pa

Key entities

HSBC Bank (Panama) Capital International Bank Ltda. (Panama) Superintendency of Banks of Panama Bancolat Overseas Ltd. MTS Holdings Corporation

Countries

Panama

Insight

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