trending Market Intelligence /marketintelligence/en/news-insights/trending/tcsbfrskWfgGG74L4bZR_g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Panama's Canal Bank seeks regulatory approval to absorb Banco Universal

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Panama's Canal Bank seeks regulatory approval to absorb Banco Universal

Panama'sbanking regulator, Superintendencia de Bancos de Panamá, said June 30 that itreceived a request from CanalBank SA for approval to absorb its subsidiary .

CanalBank would be the surviving entity of the operation, the regulator said.

Theregulator handed over control of Banco Universal to Canal Bank in Februaryafter it had earlier determined that depositors' savings were at risk due topotential weaknesses in the bank's corporate governance.

CanalBank, which is part of GrupoNASE, won a tender process to take over the bank's management andBanco Universal reportedly reopened its doors in March.