Capital International Bank Ltda. (Panama)
in Central America
Wednesday, July 20, 2011
The Colombian group Ethuss has acquired the concession for the Patacón Hill Landfill in Panama.
Companies Urbalia SA and Capital Bank agreed to the sale of 100% of its shares after two months of negotiations with the transaction being supported by the National Cleaning Authority (ANA by its initials in Spanish).
Tuesday, April 27, 2010
Panamanian banks were prudent and dodged the crisis successfully; they are now full of cash, and eager to lend money.
With close to $13 billion in liquid assets, banks in Panama are getting ready to finance the Government’s large infrastructure projects, which require $2.4 billion in 2010 and $3.2 billion in 2011. In the 5 years of Martinelli’s government, the State is expected to invest around $15.6 billion.
Wednesday, June 17, 2009
The Panamanian Superintendent of Banks has a pending general license application for the opening of a new bank.
The request was submitted by a group funded with Panamanian capital and, as published in La Prensa which had access to view preliminary reports, the new finance company could be able to begin operations at the end of 2009.
This would be the third bank that is funded by Panamanian capital to enter the local banking system in the last year and a half. La Prensa adds in their article: “It is also known that several of the investors are related to the no longer existing Banistmo Group, which was sold two years ago to HSBC."
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