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Panama’s Balboa Bank unable to pay debts

Wednesday, October 12, 2016

Strategic Investors Group, the holding company of Panama’s Balboa Bank and Balboa Securities, reported that it can't pay a $4.8 million interest payment that is due at the end of the month.

The holding company has notified the Superintendent of Securities that it can't make the payment to bondholders.

Source: La Prensa