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Banks in Panama is a big business and Panama's reputation as a world banking center is undisputed. At recent counting, there were 78 banks registered in the country. Why so many banks in such a small country? Commerce through the Canal and the Colon Free Zone accounts for much of the activity as do Panama's strong Banking Secrecy Laws. Banking in Panama is regulated by the Panama Banking Superintendency in the following categories: 1. State; 2. General licence; 3. International licence and 4. Representational offices. On March 31, 2008, Panama's international banking assets amounted to almost $59 billion.
Banks with General License
HSBC Bank (Panamá), S.A. Netherlands capital. Operating in Panama since 2004 with 19 branches. Capital $.287.301.957,45. Head office: Ave. Aquilino de la Guardia y calle 47 Este, Urb. Marbella, Panama City. Mailing address: 0834-00076, Panama, Rep. de Panama. Teléfono 263-5855 Fax 206-6300. www.pa.hsbc.com
Korea Exchange Bank, Ltd. Operating in Panama since 1980. Capital $10.000.000,00. Head office: Edif. Torre Global Bank, Cl. 50 Urbanización Obarrio, piso 19, Ofic. 1902, Panama City. Mailing address: 0823 05773 Panama R.P. Teléfono 340-3360 Fax 340-3359. www.koexbank@kr.co
Primer Banco del Istmo, S.A. Panamanian capital. Operating in Panama since 1984 with 38 branches. Capital $577.323.112,20. Head Office: Cl. 50 y 77 Este San Francisco, Panama City. Mailing address: El Dorado 6-3823 Panama Rep. of Panama. Teléfono 270-0015 Fax 270-1706. www.banistmo.com
The Bank Of Nova Scotia. Canadian. Operating in Panama since 1974 with three branches. Capital $10.000.000,00. Head office: Ave. Federico Boyd y Cl. 51 Panama City. M ailing address: 0816-01999 Panama R.P. Teléfono 208-7700 Fax 208-7747. bnspanama@scotiabank.com
Towerbank International, Inc. Panamanian capital. Operating in Panama since 1971 with one branch. Capital $42.800.000,00. Head office: Cl. 50 y Beatriz M. de Cabal, edif. Tower Plaza, Panama City. Mailing address: 0819-06769 Panama R.P. Teléfono 269-6900 Fax 269-6800. www.towerbank.com
Banco Nacional de Argentina. Operating in Panama since 1977. Capital $3.000.000,00. Head office: World Trade Center, piso #5, Ofic. 501, Panama City. Mailing address: 0832-1528 Panama R.P. Teléfono 269-4666 Fax 269-6719.
Banco Santander (Panamà), S.A. Spanish capital. Operating in Panama since 1973. Capital $.942.100,00. Head Office: Torre ADR, Ave. Samuel Lewis Panama City. Mailing address: 1630 Panamá R.P. Teléfono 264-7678 Fax 263-7534. www.bancosantader.com.pa
