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mjkiii

09/27/13 4:38 PM

#21764 RE: carlosc #21763

Private in sense not a Central-Bank or FED.

I was not talking about ownership, but rather the type of banking system that there is in Panama. Sorry you missed the whole point of my answer to the obviously erroneous implication in the post I was addressing as to "What's up with this?". The ski is not falling because of a announced routine upgrade over the weekend.

Sorry for the confusion I created in your mind. Maybe this will help:

Panama Banks

Commercial local banks

Banco General (merger between Banco General y Banco Continental)
Global Bank
Multibank
Metrobank
Banco Universal
Banvivienda (part of Grupo Mundial)
Bancafé
Banco Aliado
Credicorp Bank

Government-owned banks


Banco Nacional de Panama
Caja de Ahorros
Banco de Desarrollo Agropecuario

Foreign-owned banks


HSBC (a merger between Panama's largest banking group Grupo Banistmo and HSBC Panama)
Citibank (a subsidiary of Citigroup which merged with Banco Uno and Banco Cuscatlan)
Banco Bilbao Vizcaya Argentaria
Banco Atlantico Panama (a subsidiary of Banco Santander)
Scotiabank