Banking Profits increase profit Banco General (Panama) Banks Metrobank S.A. Rolando De León Superintendency of Banks of Panama banking system Annual results and outlook Banco Industrial El Salvador Banco de Desarrollo Rural S.A. (Guatemala) Bolsa de Valores de Panamá Empresa General de Inversiones Empresa General de Petróleos S.A.

Earnings of Empresa General de Inversiones Rise by 6%

The Panamanian corporation recorded a net profit of $120 million in 2008, an increase of 6% compared to 2007.

Monday, April 13, 2009

©image: bgeneral.com

Empresa General de Inversiones (EGI), which is traded on the Panamanian Stock Market, owns 100% of Empresa General de Petróleos S.A., 100% of Empresa General de Capital S.A. and 61% of Grupo Financiero BG S.A. (Banco General).

The chairman of EGI, Federico Humbert, said that much of the growth is related to the success of Banco General, which had profits of $183 million, an increase of 14.4%

In a note prensa.com, it was further indicated that the company paid 48.39% of its profits, $58.04 million, as dividends.

Source: Prensa.com

Key entities

Federico Humbert Empresa General de Inversiones Banco General (Panama) Empresa General de Petróleos S.A. Grupo Financiero BG S.A. Bolsa de Valores de Panamá

Countries

Panama

Insight

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