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CABEI inks agreement to establish regional office in Panama

Banco Centroamericano de Integración Económica, or CABEI, said it signed an agreement allowing it to open a regional office in Panama.

The office is part of the bank's efforts to diversify its portfolio, a process that will involve "a significant streamlining" of the company's operations.

"The new regional office, which is expected to open during the final months of the year, will provide a strong boost to the bank's regional operations and further strengthen its position of relevance in the countries of the region," CABEI said.

Panama has been a CABEI member country since November 2006 and was listed as a non-founding regional member following a share capital increase in 2016.