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BAC International Bank absorbs Credomatic de Panamá and BAC Leasing

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BAC International Bank absorbs Credomatic de Panamá and BAC Leasing

Panama's BAC International Bank Inc. has decided to absorb subsidiary units Credomatic de Panamá SA and BAC Leasing, according to a regulatory filing.

BAC International Bank is owned by Colombia's Grupo Aval Acciones y Valores SA, through the Central American financial group BAC Credomatic.