Banesco Panama

Banesco Panamá is a Panamanian financial institution headquartered in Panama City. It was established on 17 November 1992 as Banesco International Bank Inc., operating under an international license as a subsidiary of Banesco Holding C.A., which allowed it to conduct banking operations in Panama and internationally. In October 2007, the Superintendency of Banks of Panama granted it a general license, and it changed its name to Banesco (Panamá), S.A., simultaneously opening seven branches in the capital and the interior of the country. In 2008, the company established Banesco Seguros Panamá, forming a fully autonomous financial structure (operationally and legally) competing in the Panamanian market. As of July 2021, Banesco Panamá had 980 direct employees, more than 200,000 clients, 23 branches nationwide, and more than 31 ATMs plus one deposit machine. Its founder and principal shareholder is banker and economist Juan Carlos Escotet Rodríguez. Banesco (Panamá), S.A. is part of the Banesco Internacional financial services brand, also founded and chaired by Juan Carlos Escotet Rodríguez. Banesco Panamá has operations in the United States and Latin America, with presence in six countries and composed of four independent financial groups: Banesco USA (Florida, United States), Banesco Panamá, Banesco República Dominicana, and Banesco Venezuela. As of December 2020, the entities that make up Banesco Internacional had 5,500 employees and a network of 279 agencies serving more than 4.8 million clients. Banesco Internacional's business volume at that date was 10,087 million dollars and its net equity amounted to 697 million dollars. The management of Banesco Internacional includes the three children of Juan Carlos Escotet Rodríguez: Carlos Alberto, Carlos Eduardo, and Juan Carlos Escotet Alviarez. Juan Carlos Escotet Rodríguez is also the principal shareholder of ABANCA, an independent financial institution headquartered in Spain and regulated by the European Central Bank. ABANCA has positioned itself as one of the most profitable banks in Spain. It has presence in Spain, Portugal, Germany, France, Switzerland, Great Britain, USA, Brazil, Mexico, Venezuela, and Panama. In 2018 it acquired the operations of Banco Caixa Geral in Spain and the Portuguese subsidiary of Deutsche Bank Private & Commercial Client. ABANCA's most recent acquisitions are the Basque financial institution Bankoa and the Spanish branches of the Portuguese bank Novo Banco, both in 2021. ABANCA is the seventh bank in Spain by total assets and its business volume exceeds 115,000 million dollars. As of December 2020, it employed 5,885 people and its capital (net equity) at that date reached 4,576 million euros. Together, Banesco Internacional (BI) and ABANCA add up, as of December 2020, to 11,378 employees, 985 offices, and 6.9 million clients. The combined business volume exceeds 125,000 million dollars and the combined net equity is 5,283 million euros. Banesco Panamá offers a range of personal and corporate banking products and services, including digital banking, credit cards, accounts, loans, insurance, and international transfers. The bank emphasizes innovation, digital services, and customer experience, as reflected in its mission to be a comprehensive financial services organization dedicated to knowing and satisfying client needs through relationships based on mutual trust, ease of access, and excellence in service quality. It aims to be recognized as one of the banks with the best service, innovative, digital, reliable, and capable of solving client problems, and to be among the three most profitable banks.

Banesco Panamá was established on 17 November 1992 under the name Banesco International Bank Inc., operating under an international license as a subsidiary of Banesco Holding C.A. This allowed it to conduct banking operations in Panama and the rest of the world. In October 2007, the Superintendency of Banks of Panama authorized a general license, and the entity changed its name to Banesco (Panamá), S.A., simultaneously inaugurating seven branches in the capital and the interior of the country. In 2008, the company established Banesco Seguros Panamá, creating a fully autonomous financial structure (operationally and legally) that competes in the Panamanian market. As of July 2021, Banesco Panamá had 980 direct employees, more than 200,000 clients, 23 branches nationwide, and more than 31 ATMs plus one deposit machine. Its founder and principal shareholder is banker and economist Juan Carlos Escotet Rodríguez. Banesco (Panamá), S.A. is part of the Banesco Internacional financial services brand, also founded and chaired by Juan Carlos Escotet Rodríguez. Banesco Panamá has operations in the United States and Latin America, with presence in six countries and composed of four independent financial groups: Banesco USA (Florida, United States), Banesco Panamá, Banesco República Dominicana, and Banesco Venezuela. As of December 2020, the entities that make up Banesco Internacional had 5,500 employees and a network of 279 agencies serving more than 4.8 million clients. Banesco Internacional's business volume at that date was 10,087 million dollars and its net equity amounted to 697 million dollars. The management of Banesco Internacional includes the three children of Juan Carlos Escotet Rodríguez: Carlos Alberto, Carlos Eduardo, and Juan Carlos Escotet Alviarez. Juan Carlos Escotet Rodríguez is also the principal shareholder of ABANCA, an independent financial institution headquartered in Spain and regulated by the European Central Bank. ABANCA has positioned itself as one of the most profitable banks in Spain. It has presence in Spain, Portugal, Germany, France, Switzerland, Great Britain, USA, Brazil, Mexico, Venezuela, and Panama. In 2018 it acquired the operations of Banco Caixa Geral in Spain and the Portuguese subsidiary of Deutsche Bank Private & Commercial Client. ABANCA's most recent acquisitions are the Basque financial institution Bankoa and the Spanish branches of the Portuguese bank Novo Banco, both in 2021. ABANCA is the seventh bank in Spain by total assets and its business volume exceeds 115,000 million dollars. As of December 2020, it employed 5,885 people and its capital (net equity) at that date reached 4,576 million euros. Together, Banesco Internacional (BI) and ABANCA add up, as of December 2020, to 11,378 employees, 985 offices, and 6.9 million clients. The combined business volume exceeds 125,000 million dollars and the combined net equity is 5,283 million euros.

• 2021

  As of July 2021, had 980 employees, over 200,000 clients, 23 branches, and more than 31 ATMs.

• 2008

  Established Banesco Seguros Panamá.

• 2007

  Granted general license by the Superintendency of Banks of Panama; renamed Banesco (Panamá), S.A. and opened seven branches.

• 1992

  Established as Banesco International Bank Inc. under an international license.

Comprehensive financial services organization focused on innovation, digital banking, and customer trust.

• Visa Corporate Banesco

  Corporate credit card with travel insurance, expense management tools, and rewards.

• Línea de Sobregiro

  Overdraft line for businesses to cover unexpected payments.

• Banca Digital Banesco

  Digital banking platform with mobile app for transactions and account management.

1. 1Banesco Panamá Contigo | Personasbanesco.com.pa
2. 2Tarjeta Visa Corporate Banesco – Control financiero empresarialbanesco.com.pa
3. 3Banesco: Obtén tu Línea de Sobregiro | Banesco Panamábanesco.com.pa
4. 4Trabajos en Banesco, Panamá | Banesco, Contigobanesco.com.pa
5. 5Banesco Panamawikidata.org
6. 6Banesco (Panamá)es.wikipedia.org