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Thirteen groups interested in buying Panama bank

Tuesday, November 1, 2016


Thirteen banks have shown an interest in acquiring Balboa Bank & Trust Corp a former cornerstone of the Waked family until all its businesses were put on the Clinton list.

The Superintendency of Banks of Panama has extended the reorganization of for 90 days starting Nov. 1. It  said that there have been 13 banking groups – 11 local and two foreign – interested in the purchase of the bank.

Source: Newsroom Panama