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Panama’s banking regulator welcomes more both foreign and national institutions

Wednesday, June 30, 2010

Panama’s fame as a center for international banking was further strengthened by the nation’s regulator when it approved five more licenses in the first six months of the year.

The banks concerned are a mix of foreign and Panamanian capital: Banco Prival, Banca Privada D’Andorra, Banco Lafise Panamá, Banco Internacional de Perú, and Banco La Hipotecaria.

Panama has two government-owned banks and 47 with general licenses, as well as 31 permitted to use only international operations, and 15 representative offices.

Original source (in Spanish): La Estrella