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Global Bank Corporation (Panama City) (Panama)

Main Activities: Commercial Banking
Full name: Global Bank Corporation Profile Updated: November 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English & Spanish Download a sample report

Global Bank Corporation is a Panamanian bank that began operations on June 30, 1994. Originally conceived as a purely corporate bank, it quickly grew in the early years and became a major player in the Panamanian financial sector. In 1999, Global Bank acquired 100% of the stock of Colabanco, becoming the first banking group to initiate mergers and acquisitions in Panama. This transaction tripled Global Bank's assets from 135 to 454 million. Since 1999, Global Bank's growth rates have consistently outpaced the industry. In 2019, the bank acquired Banvivienda, further strengthening its position and expanding its customer base to over 200,000 clients. Global Bank offers a wide range of robust financial services and products tailored to the needs of each customer. With over 25 years of operations, Global Bank is proud to be the largest privately-owned Panamanian bank in terms of assets. It currently operates a network of 30 branches and 154 ATMs nationwide. The bank is committed to the environment and has implemented various initiatives to reduce its impact on the environment. Its headquarters, located in Santa María, has obtained the Leed BD+C: Core & Shell certification. Global Bank Corporation expresses gratitude to its clients, employees, and shareholders for their trust, which has allowed the bank to continue supporting the socio-economic development of Panama.

Headquarters
Calle 50, Torre Global Bank
Panama; Panama; Postal Code: 551843

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Website: http://www.globalbank.com.pa

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:
June 30, 1994
Key Executives
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President
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Vice President
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Director/Member of the Board
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Treasurer
Ownership Details
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100%
Subsidiaries
Anverli Investments Corporatio
100%
Aseguradora Global S. A.
100%
Durale Holdings S.A.
100%
Company Performance
Financial values in the chart are available after Global Bank Corporation (Panama City) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PAB. Absolute financial data is included in the purchased report.
Net interest income
-11.02%
Operating profit (EBIT)
-3.87%
Net Profit (Loss) for the Period
0.69%
Total assets
1.28%
Total equity
2.76%
Total Assets Trend
1.13%
Net Interest Income Trend
-6.29%
Loans to Deposits Ratio
-0.21%
Loans to Asset Ratio
0.23%

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