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Mifinanciera S.A. (Panama)

Main Activities: Commercial Banking | Other Nondepository Credit Intermediation
Full name: Mifinanciera S.A. Profile Updated: July 04, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Mifinanciera S.A. is a financial corporation located in Panama. It was founded in September 1998 as MiBanco S.A. (BMF) with the aim of providing support and solutions to entrepreneurs, micro and small business owners in Panama who were not trusted or supported by other financial institutions. In 2012, after reviewing their strategic plan, Mifinanciera S.A. made the decision to transform their business model from a microfinance bank to a financial corporation. This new model allows the company to be more competitive in their market segment, enabling the growth of their operations and the introduction of new products and services for the benefit of their customers.

Headquarters
Centro Comercial Torremolinos Locales 12 Y 13, Carrasquilla, Via Espana. Panama, Rep. De Panama
Panama; Panama;

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Website: http://www.mifinanciera.net

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
September 01, 2014
Key Executives
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President
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Director/Member of the Board
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Secretary
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Treasurer
Ownership Details
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100%
Company Performance
Financial values in the chart are available after Mifinanciera S.A. 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
50.45%
Operating profit (EBIT)
8.91%
Net Profit (Loss) for the Period
-8.43%
Total assets
22.75%
Total equity
21.92%
Total Assets Trend
20.88%
Net Interest Income Trend
N/A
Loans to Deposits Ratio
53.72%
Loans to Asset Ratio
-2.49%

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