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G.B. Group Corporation (Panama)

Main Activities: Management of Companies and Enterprises
Full name: G.B. Group Corporation Profile Updated: January 04, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Global Bank Corporation, a Panamanian bank, was established on June 30, 1994. Originally conceived as a purely corporate bank, it quickly experienced significant growth in its early years. 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 has consistently achieved higher growth rates than the industry average. In 2019, Global Bank acquired Banvivienda, expanding its customer base to over 200,000 clients. This acquisition further strengthened and consolidated the institution, offering a wide range of robust financial services and products tailored to the needs of each customer. With over 25 years of operation, 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. Throughout its existence, Global Bank has prioritized environmental sustainability, implementing various initiatives to reduce its impact on the environment. As a testament to this commitment, its headquarters in Santa María has obtained the Leed BD+C: Core & Shell certification. Global Bank expresses gratitude to its clients, employees, and shareholders for their trust, which has enabled the bank to continue supporting Panama's socio-economic development.

Headquarters
Calle 50 Torre Global Bank
Panama; Panama; Postal Code: 083101843

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

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1993
Key Executives
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President
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Vice President
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Vice President
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Treasurer
Subsidiaries
Administradora Nacional De Inversiones, Fondos De Pensiones Y Cesantias, S.A.
100%
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Company Performance
Financial values in the chart are available after G.B. Group Corporation 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
-1.4%
Operating profit (EBIT)
71.03%
Net Profit (Loss) for the Period
50.14%
Total assets
0.16%
Total equity
-5.91%
Total Assets Trend
-0.7%
Net Interest Income Trend
N/A
Loans to Deposits Ratio
-0.78%
Loans to Asset Ratio
0.82%

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