Banking new bank Bank opening Banks bank Bank Solutions (Costa Rica) Superintendency of Banks of Panama Grupo Financiero ACOBO La Hipotecaria, S.A. Superintendent of Financial Institutions (Costa Rica) Uni Bank & Trust, Inc. banking system Allbank Corp Balboa Bank & Trust Banco G&T Continental

Uni Bank & Trust Opens in Panama

With an investment worth more than $50 million, by the end of the year the banking institution will begin operations in the country with the opening of two branches.

Monday, September 13, 2010

©image: Jorge Andrade

Uni Bank & Trust president, Joseph L. Salterio, told the press that the company is developing an agressive growth plan to gain market share over the next two years in Panama's central provinces.

"Salterio believes that the most critical factor to the bank's future success was the careful selection of its 'Technology Partner', FISERV. This US technology company based in Wisconsin is ranked first by the FinTech organization, has offices in 230 countries around the world and employs more than 20,000 people," reports Estrella.com.pa.

Source: estrelladepanama.com

Key entities

Uni Bank & Trust, Inc. Joseph L. Salterio

Countries

Panama

Insight

Bank opening bank Banks new bank Banking

Grupo Ficohsa Expands to Guatemala

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.

Banco Azteca plans new Branches in El Salvador

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.

Guatemalan Banks Expand in Central America

November 2009

Both "Banco Industrial" and G&T Continental are moving forward with their expansion plans in Central America.

Banco Industrial will open an office in El Salvador in May 2010, while G&T Continental plans to enter the Costa Rican market in the medium term. G&T already operates in Panama and El Salvador.

New Banks in Panama

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.

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