Banco Nacional de Panamá
in Central America
Tuesday, April 17, 2012
The base price is $3 million and the auction will be conducted on the Bolsa Nacional de Productos (National Stock Market) in Panama.
The mill owned by the Rice Growers Association of Chiriqui (Apach) in Alanje, will be auctioned on Thursday 19th April on the National Stock Market (Baisa) with a base price of $3 million.
Thursday, September 29, 2011
At the end of August, the Bank recorded $2,192 million in loans to the private sector, an increase of 13% compared to the same date in 2010.
Of the total, $716 million (33%) were corporate loans, among which are loans to the agricultural sector, amounting to $375 million (17% of total).
Friday, June 10, 2011
$165 million have been invested in the coal conversion project operated by Bahia Las Minas (BLM).
The project, in which the state holds a 49% stake, is more than a year behind schedule because of problems in the construction of the boiler.
Thursday, June 2, 2011
The National Bank of Panama is putting out to tender the procurement of secure transport services.
The service contract includes transport of valuables and also storage of external ATM machines nationwide.
Tuesday, May 31, 2011
Government authorities have announced the sale of 5,600 hectares of banana plantations in Baru to a consortium of Panamanian investors.
Without disclosing the company concerned, the Minister of Agricultural Development, Emilio Kieswetter said that they are involved in cultivating banana, pineapple and citrus fruit and palm oil.
Friday, January 7, 2011
During 2011 the Government will issue up to $ 600 million in Treasury Notes to finance the deficit and meet debt maturities.
Alberto Vallarino, Minister of Economy and Finance, explained that the deficit for 2011 is planned at $ 436 million, but could grow as a result of national emergencies.
Wednesday, December 1, 2010
This is the first time the National Bank performs a local issue in a rolling program of up to $ 300 million.
The manager of the entity, Dario Berbey, said that "taking advantage of the current climate of interest rates, we are issuing the bonds to take advantage of the difference which occurs between the liabilities and assets at a time when we are providing long-term lending to major sectors of the country, boosting the economy and creating jobs in tourism, energy, infrastructure and agriculture.”
Tuesday, June 1, 2010
In the first four months of 2010, the bank loaned $320 million, 77% more than the same period of 2009.
Between January and April 2009, the financial institution gave loans for $180 million.
“As for the credit portfolio of the entire banking system, it summed $1.83 billion in April 2010, growing 12.7% when compared to the same month of 2009, when it totaled $1.62 billion” reported Laestrella.com.pa.
Friday, May 28, 2010
Data Pro Inc was the only company which complied with the requirements for supplying a Core Banking System to state-owned banks.
The contract comprises installing a Core Banking system at three state banks: “Banco de Desarrollo Hipotecario”, “Banco Nacional de Panamá”, and “Banco Hipotecario Nacional”.
Thursday, April 29, 2010
“Banco Nacional” (BNP) postponed until May 7 the bidding process for supplying it with an integral banking management system.
The bank was expected to receive the proposals today, but decided to push the date back because the bidding rules were modified.
Tuesday, April 27, 2010
Software companies argue that some of the requisites for participating in the process are excessive.
They specially disagree with the requirement of including references from local banks certifying how good their proposed software solution works.
From Prensa.com: “Ernesto Rosas, from Arango Software, assured that only two companies can participate with the current bidding rules”.
Friday, April 16, 2010
Three banks, Nacional, “Desarrollo Agropecuario” and “Hipotecario” invited bids for $21 million in IT infrastructure.
21 companies participated in the first informational meeting. They must submit their Bids before April 29.
“Both domestic and foreign suppliers may bid. They are required to have experience in installing, applying and operating this kind of technology”, reported Prensa.com.
Thursday, April 15, 2010
Fitch Ratings increased Panama’s Banco Nacional Long Term Rating to AA+ and ratified its short term rating at F1+.
Its long term outlook is “stable”.
Friday, March 12, 2010
Tocumen, the International Airport of Panama, subscribed a $75 million loan to build infrastructure.
A $75 million loan was subscribed between Tocumen International Airport, “Banco Nacional de Panama”, “Caja de Ahorros” and the Bank of Nova Scotia Panama, to build the northern section of Tocumen International airport, explained Finance Minister Frank De Lima.
Wednesday, March 3, 2010
Bids were invited to provide a Core Banking system for various state-owned banks.
The contract comprises licenses, installation, adaptation, migration and implementation of a banking management system, integration with other systems and reports.
It will be used by “Banco Nacional de Panama”, “Banco de Desarrollo Agropecuario” and “Banco Hipotecario Nacional”.
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