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Category: Banking

There are two state banks in Panama:

The Banco Nacional de Panama with some sixty-six branches
Caja de Ahorros with slightly less at forty-two branches

Private banks are shown below:

BAC International Bank, Inc – 12 branches
Bancafé (Panamá), S.A. – 1 branch
Banco Aliado, S.A. – 1 branch
Banco Azteca (Panamá), S.A. – 7 branches
Banco Bilbao Vizcaya Argentaria (Panamá), S.A. – 18 branches
Banco Citibank (Panamá), S.A. – 20 branches
Banco Delta, S.A. (BMF) – 1 branch
Banco Pichincha Panamá, S.A. – 1 branch
Banco General, S.A. – 59 branches
Banco Internacional de Costa Rica, S. A. – 1 branch
Banco Panamá, S.A. – 2 branches
Banco Panameño de la Vivienda, S.A. – 21 branches
Banco Trasatlántico, S.A. – 3 branches
Banco Universal, S.A. – 8 branches
Banesco, S.A.- 17 branches
Bank of China Limited – 1 branch
BCT Bank International, S.A. – 1 branch
BNP Paribas Wealth Management – 1 branch
Capital Bank, Inc. – 1 branch
Citibank, N.A. – 4 branches
Credicorp Bank, S.A. – 22 branches
Global Bank Corporation – 29 branches
HSBC Bank (Panamá) – 54 branches
Mega International Commercial Bank Co. Ltd. – 1 branch
Mercantil Bank (Panamá), S.A. – 1 branch
Metrobank, S.A. – 1 branch
MiBanco, S.A. BMF – 6 branches
Multibank, Inc. – 15 branches
ST. George Bank & Company Inc. – 6 branches
The Bank of Nova Scotia – 9 branches
Towerbank International, Inc. – 1 branch

Opening an account in Panama varies greatly from bank to bank. There are a number of banks in Panama that will only require two bank letters of reference plus two personal references from friends in Panama.

Also the time to open an account varies greatly, some banks being able to open an account directly or others where the process can take anything from a couple of days to a month. If the process does take time you will need to be persistent. Make sure that the bank sees you as an important customer and to have the odds on your side the ideal is to make sure that you have all the documents required by Banco Nacional de Panama with you before approaching the bank of your choice. Don’t forget that the documents will expire in ninety days.

It is a good idea to open all the accounts that you are likely to need at the same time, current account, saving account etc

Documents:

For a complete list of all the documents that you will need to open an account plus some detailed guidance please feel free to contact us by email at info@panama-vida.com

Opening an account in Panama varies greatly from bank to bank. There are a number of banks in Panama that will only require two bank letters of reference plus two personal references from friends in Panama.

Also the time to open an account varies greatly, some banks being able to open an account directly or others where the process can take anything from a couple of days to a month. If the process does take time you will need to be persistent. Make sure that the bank sees you as an important customer and to have the odds on your side the ideal is to make sure that you have all the documents required by Banco Nacional de Panama with you before approaching the bank of your choice. Don’t forget that the documents will expire in ninety days.

It is a good idea to open all the accounts that you are likely to need at the same time, current account, saving account etc

Documents:

For a complete list of all the documents that you will need to open an account plus some detailed guidance please feel free to contact us by email at info@panama-vida.com

There are two state banks in Panama:

The Banco Nacional de Panama with some sixty-six branches
Caja de Ahorros with slightly less at forty-two branches

Private banks are shown below:

BAC International Bank, Inc – 12 branches
Bancafé (Panamá), S.A. – 1 branch
Banco Aliado, S.A. – 1 branch
Banco Azteca (Panamá), S.A. – 7 branches
Banco Bilbao Vizcaya Argentaria (Panamá), S.A. – 18 branches
Banco Citibank (Panamá), S.A. – 20 branches
Banco Delta, S.A. (BMF) – 1 branch
Banco Pichincha Panamá, S.A. – 1 branch
Banco General, S.A. – 59 branches
Banco Internacional de Costa Rica, S. A. – 1 branch
Banco Panamá, S.A. – 2 branches
Banco Panameño de la Vivienda, S.A. – 21 branches
Banco Trasatlántico, S.A. – 3 branches
Banco Universal, S.A. – 8 branches
Banesco, S.A.- 17 branches
Bank of China Limited – 1 branch
BCT Bank International, S.A. – 1 branch
BNP Paribas Wealth Management – 1 branch
Capital Bank, Inc. – 1 branch
Citibank, N.A. – 4 branches
Credicorp Bank, S.A. – 22 branches
Global Bank Corporation – 29 branches
HSBC Bank (Panamá) – 54 branches
Mega International Commercial Bank Co. Ltd. – 1 branch
Mercantil Bank (Panamá), S.A. – 1 branch
Metrobank, S.A. – 1 branch
MiBanco, S.A. BMF – 6 branches
Multibank, Inc. – 15 branches
ST. George Bank & Company Inc. – 6 branches
The Bank of Nova Scotia – 9 branches
Towerbank International, Inc. – 1 branch

 

 


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