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BAC International Bank Inc. (Panama)

Main Activities: Commercial Banking | Mortgage and Nonmortgage Loan Brokers
Full name: BAC International Bank Inc. Profile Updated: May 16, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

BAC International Bank Inc. is a financial organization with almost 70 years of experience, serving 4.2 million customers throughout the region. The company was founded on July 5, 1952, with the establishment of Banco de América in Nicaragua. In the 1970s, it became a pioneer in the credit card business in the region. Over time, it expanded its operations to each country and in the 1990s, it became the first Financial Group with a presence in all of Central America. BAC International Bank Inc. offers a range of products and services designed to meet the needs of its customers. It has also developed a digital banking platform that is currently used by over 1.9 million customers. The company's rigorous and responsible business management, aligned with a strategy of triple positive value and the United Nations Sustainable Development Goals, has allowed BAC International Bank Inc. to contribute to economic growth and improve the quality of life for numerous Central American families.

Headquarters
Calle Aquilino De La Guardia Edif Bac Credomatic
Panama; Panama; Postal Code: 081906536

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Website: http://www.bac.net

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
August 25, 1995
Key Executives
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President
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Vice President
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Secretary
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Treasurer
Ownership Details
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9.46%
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0.01%
Subsidiaries
Admin De Fondos De Pensiones Y Cesantias Bac Honduras (Honduras)
Agencia De Viajes Intertur Sa (Costa Rica)
Almacenes Generales De Deposito Bac Sa (Nicaragua)
Company Performance
Financial values in the chart are available after BAC International Bank Inc. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net interest income
22.68%
Net fee and commission income
152.58%
Operating profit (EBIT)
-3.16%
Net Profit (Loss) for the Period
-0.25%
Total assets
11.5%
Deposits from customers
7.46%
Total equity
12.14%
Total Assets Trend
N/A
Net Interest Income Trend
N/A
Cost to Income Ratio
1.3%
Loans to Deposits Ratio
3.45%
Loans to Asset Ratio
1.01%

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