Panama Business & Economy News

  Banco BISA to Open Office in Panama, Panamanian Regulator Announces Banco BISA, headquartered in Bolivia, will open an office in Panama after obtaining an international license to operate in the country, the Superintendency of Banks of Panama (SBP) announced on Friday July 24th.. Source: EFE The Bolivian bank will thus join Panama's International Banking Center (CBI), comprised of 62 institutions, and will be able to operate from an office with a license that allows it to "carry out transactions that are completed, finalized, or take effect abroad," as well as other authorized activities. Banco BISA is part of Grupo Financiero BISA, S.A., which has more than six decades of experience and "has established itself as one of the leading financial organizations in the country, offering a wide range of products and services," the banking sector regulator's statement highlights. The bank's addition "represents a further step in strengthening Panama's...

With an investment of $88 million, CAF will build a headquarters building in Panama The Development Bank of Latin America (CAF) will build a headquarters building in Panama with an investment of $88 million to serve its member countries in the northern region, announced the president of the bank Sergio Díaz-Granados. Source: La Estrella de Panamá The multilateral financial institution has offices in thirteen countries and its own buildings at its headquarters, which is Caracas, Venezuela. But it also has buildings in Uruguay, Bolivia and now it will have it in Panama. Here it will serve its member countries of the northern region CAF has offices in thirteen countries and its own buildings at the headquarters, which is Caracas, Venezuela. But it also has buildings in Uruguay, Bolivia and now it will have it in Panama where it will house its corporate offices and will strengthen its presence in Panama as a regional hub. "We want this work to become an essential piece of social and c...