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Panama: Global Bank Corp. increases its assets

Total assets of the corporation are at around $1.71 billion, an increase of 40%.

Monday, August 11, 2008

©image: Global Bank

Selling out is not on the agenda of the directors of Global Bank Corp., which occupies the number two spot for companies with Panamanian capital, especially now that it has ended the fiscal year with good results. The company has plans to continue seeking opportunities in the region and to double its international portfolio.
Total assets of the company at the end of June 2008 (close of the fiscal year) were at around $1.71 billion, an increase of 40% in comparison to the previous year. The loan portfolio was at $1.19 billion (a 44% increase), while credit on local market grew by 16%. Total deposits were at $1.19 billion, an increase of 36%.

Source: Prensa.com

Key entities

Global Bank Corp

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Panamanian Banking Industry increases assets by 35.5%

August 2008

The high yield on financial income is due to the sustained increase of 26.7% in the loan portfolio.

As of May 2008, the consolidated assets of the International Banking Center (CBI) totaled 73.7 billion Balboas, an increase of 35.5%; while on a bank-only basis, the assets continue to show a growing trend with a balance of 61.2 billion Balboas, representing an increase of 28.6%

Honduran bank assets grew 11% in 2008

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Honduran banks reported $11.3 billion in assets at the end of 2008, an increase of 11%.

The National Banking and Insurance Commission reported the results for 2008, in which Bac-Bamer Bank topped the list with $1.8 billion in assets, followed by Atlantida Bank with $1.6 billion and Ficohsa with $1.55 billion.

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Investment in art has always been a good alternative to more traditional asset investment, so it is important to consider the variables that define value.

Adolfo Goldberg collector and owner of the gallery Enmarcarte in Costa Rica, and has contributed an excellent article on the subject to Elfinancierocr.com.

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Private banking in Honduras completed the first semester of 2008 with assets worth $10.74 billion, with first place going to the recently merged BAC-Bamer Bank.

This was revealed in the June report of the National Committee of Banks and Insurance (CNBS) which gathers information for the Financial Institution Supervision System.

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