trending Market Intelligence /marketintelligence/en/news-insights/trending/6LbMhDaxjO9zCa5fkrvG5g2 content esgSubNav
In This List

Panama's Global Bank absorbs Banvivienda

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Panama's Global Bank absorbs Banvivienda

Panamanian lender Global Bank Corp. will absorb Banco Panameño de la Vivienda SA, known as Banvivienda, in a merger, according to a regulatory filing.

As a result of the merger, GB AV Inc. will cease to exist, and Global Financial Funds Corporation will absorb Mundial Servicios Fiduciarios, according to the filing.

The move follows Global Bank's parent company G.B. Group Corp.'s purchase of Banvivienda in late 2018 for a total cash-and-stock consideration of $202.9 million. The deal meant Banvivienda became a wholly owned subsidiary of Global Bank.