Alemán, Cordero, Galindo & Lee - News

Panamanian bank expands into El Salvador

09 March 2006

Panamanian bank Grupo Banistmo has acquired a majority stake in Inversiones Financieras Bancosal, the parent company of El Salvador's third largest bank.

Panamanian bank funds mortgage portfolio

12 January 2006

Banco Continental de Panamá has issued US$150 million in medium-term notes.

Panamanian group bids for Salvadoran bank

01 December 2005

Panama-based Grupo Banistmo and Salvadoran financial company Inversiones Financieras Bancosal have agreed a deal allowing Banistmo to launch an offer for a majority interest in Bancosal.

Hughes Hubbard scoops Panama deal

18 May 2001

Hughes Hubbard & Reed LLP has just helped Primer Banco Del Istmo, the largest bank in Panama, with an issue of US notes.

Banco General SA completes merger with Bancomer

30 June 2000

On June 30 the integration of Banco Comercial de Panamá (Bancomer) and Banco General was completed, creating Central America's largest bank.