trending Market Intelligence /marketintelligence/en/news-insights/trending/yGkkgjzOE5XwEG-bqqKvLw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

CABEI to open regional office in Panama

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

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


CABEI to open regional office in Panama

The ,or CABEI, plans to open a regional office in Panama to support its public and privatesector investment projects in the country, Panama's Finance Ministry said announcedon its website.

The moveis a "strategic" decision by the bank that confirms the "logisticaladvantages" of operating in Panama, according to a statement. Until now, thebank's operations for Panama have been managed from its headquarters in Honduras'capital city, Tegucigalpa.

The decisionwas announced during CABEI's recent annual governors' meeting held in Panama. Duringthe meeting, Panama Finance Minister Dulcidio De La Guardia replaced his Colombiancounterpart, Mauricio Cárdenas, as president of the bank.

De LaGuardia also signed an agreement with CABEI CEO Nick Rischbieth to increase Panama'sshare capital in the bank, which will allow the country to have access to more financingfor public and private investments, as well as "a voice and a vote" inthe bank's decisions.