Panama has entered into a trade agreement with the US, putting it on a level playing field with its CAFTA neighbours.
Citigroup has joined the scrimmage for Central America's banking assets, by buying Grupo Cuscatlán for US$1.51 billion.
Citigroup is pushing into Central America's consumer banking sector, acquiring the region's largest credit card issuer, Grupo Financiero Uno, on 27 October.
Panamanian electricity company Elektra Noreste has issued US$100 million of senior bonds in the local and international markets.
HSBC has agreed to buy Central America's largest privately-owned bank, Banistmo, for US$1.8 billion in cash.
Panamanian bank Grupo Banistmo has acquired a majority stake in Inversiones Financieras Bancosal, the parent company of El Salvador's third largest bank.
Banco Continental de Panamá has issued US$150 million in medium-term notes.
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 & Reed LLP has just helped Primer Banco Del Istmo, the largest bank in Panama, with an issue of US notes.
On June 30 the integration of Banco Comercial de Panamá (Bancomer) and Banco General was completed, creating Central America's largest bank.