Banco Aliado acquires Banco Panama and is strengthened within the strongest banks in the Panamanian banking sector. Banco Aliado through its subsidiary Allied Pacific Inc. has signed a promise agreement for the acquisition of Grupo Centenario de Inversiones, SA., which owns 100% of the shares of Banco Panamá therefore under this agreement all Banco Panama shares will be added indirectly to Banco Aliado. During the process, Banco Aliado received the financial advisory Lazard, while Banco Panama was advised by Citigroup Global Markets Inc. Banco Panama has a good network of branches, a portfolio of private banking, loans, deposits, and assets, ...
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