trending Market Intelligence /marketintelligence/en/news-insights/trending/OinBdny3mKK4JqDdEVB3cA2 content esgSubNav
In This List

Grupo BAC Credomatic names new CEO

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


Grupo BAC Credomatic names new CEO

GrupoBAC Credomatic has appointed Rodolfo Tabash Espinach, previously BAC Credomatic'scountry manager for Panama, to replace Ernesto Castegnaro as the group's CEO, Capital reported.

Castegnaroinformed the board of his resignation July 21, Costa Rican newspaper La Nación reported, citing a company statement.Castegnaro has led BAC Credomatic for the last 40 years, most recently as CEO andChairman.

The executivereportedly praised his successor, Tabash, who has more than 20 years of experienceworking in the group.

For hispart, Tabash said he looked forward to the challenge of leading the company andserving its customers in the region.

BAC Credomatic,which is owned by Colombia's GrupoAval Acciones y Valores S.A., has more than 3.3 million clients in theregion with operations in Panama, Costa Rica, Nicaragua, Honduras, El Salvador,Guatemala, Mexico and Florida, according to Grupo Aval. Its banking subsidiariesinclude BAC International Bank Inc.and Banco BAC San José SA.