Two new companies to join Panama Stock Exchange

©image: www.panabolsa.com

Executive vice-president of Multibank, Isaac Btesh, said that the registration and approval of common stocks from the bank are awaiting the OK from the National Stock Commission.
Meanwhile, the vice-president of Banca de Inversión de Grupo Improsa, Sergio Molina, explained that a public offering of $50 million has already been approved for that Panamanian real estate fund.

Source: Prensa.com

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Panama: Stock Market Growing Strongly

July 2011

The volume traded in the first half grew by 51% compared to the same period in 2010.

Registration of new shares, government involvement and a rise in the price of most of the registered shares has characterized the Panamanian stock market so far this year.

The primary market was the one that recorded the largest movement, led by the government, whose program of Treasury bills and notes resulted in a trading volume of more than $550 million.

Central American securities markets seek to integrate

June 2008

The securities markets of El Salvador, Panama, and Costa Rica have signed a letter of intent to advance the process of creating the Alliance of Central American Markets (Alianza de Mercados Centroamericanos, AMERCA).

"The vision is to lower transaction costs for the issuer and the investor and to be a communication channel, where they can invest in the three markets at the same time," said Rolando Duarte, president of the El Salvador Securities Exchange.

Trading on the Panama stock exchange increase 39%

October 2008

As of September 2008 the Panama Stock Exchange (BVP) negotiated $558.8 million.

The secondary market has been very active, with transaction worth $556.7 million and a growth of 54.9%. Trading of repurchases was at $249.2 million, an increase of 89.80%.

Trading in the primary market reached $752.9 million, an increase of 19.4%.

Panama: Multibank surpasses $5.5 million to reserves

October 2008

The Equilibrium rating agency reported that as of June 30 2008, the bank had $5.5 million "risk with Lehman Brothers".

Multibank is the second bank to publicly reveal that it has investments affected by international financial crisis.

This is in addition to the $3 million that Banviviendo of Grupo Mundial moved to reserves, due to an investment in bonds in the bankrupt Lehman investment bank.