Top Largest Banks in Panama
Panama is the second largest financial center in the world. Some of the top largest banks in the country include HSBC Bank (Panama), Banco General, Bladex, among others.
HSBC Bank (Panama) is part of one of the largest banking and financial services organizations in the world. In November 2006, HSBC acquired Grupo Banistmo, the leading banking group in Central America. The acquisition of Banistmo complements HSBC's existing operations in the region and establishes a presence in five new markets for HSBC including Colombia, Costa Rica, El Salvador, Honduras and Nicaragua.
Banco General is the Panama's second largest private bank, with the largest market share in local deposits (approximately 26% as at June 2010). Banco General has an exclusive security and authentication system by using the Electronic Security Card, allowing individuals to make payments and transfer money with a high security level.
BLADEX is a multinational bank established by the Central Banks of Latin American and Caribbean countries. In 1986, Bladex increased the level of its internationalization, opening a representative office in Buenos Aires, Argentina. In 1992, Bladex became the first Latin American bank registered by the Securities and Exchange Commission (SEC) with the successful public offering of its Class “E” shares in the international markets. In May 2008, Standard & Poor’s upgraded Bladex’s ratings from BBB- to BBB, and Fitch also upgraded its ratings to BBB. In November 2008, jointly with the Ministry of Commerce and Industry of Panama, the Bank was awarded the Bladex Exporter Award in the categories of “Innovation” and “Excellence in Economic Journalism”.
* Next: Panama Stock Exchange
HSBC Bank (Panama) is part of one of the largest banking and financial services organizations in the world. In November 2006, HSBC acquired Grupo Banistmo, the leading banking group in Central America. The acquisition of Banistmo complements HSBC's existing operations in the region and establishes a presence in five new markets for HSBC including Colombia, Costa Rica, El Salvador, Honduras and Nicaragua.
Banco General is the Panama's second largest private bank, with the largest market share in local deposits (approximately 26% as at June 2010). Banco General has an exclusive security and authentication system by using the Electronic Security Card, allowing individuals to make payments and transfer money with a high security level.
BLADEX is a multinational bank established by the Central Banks of Latin American and Caribbean countries. In 1986, Bladex increased the level of its internationalization, opening a representative office in Buenos Aires, Argentina. In 1992, Bladex became the first Latin American bank registered by the Securities and Exchange Commission (SEC) with the successful public offering of its Class “E” shares in the international markets. In May 2008, Standard & Poor’s upgraded Bladex’s ratings from BBB- to BBB, and Fitch also upgraded its ratings to BBB. In November 2008, jointly with the Ministry of Commerce and Industry of Panama, the Bank was awarded the Bladex Exporter Award in the categories of “Innovation” and “Excellence in Economic Journalism”.
* Next: Panama Stock Exchange