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Mercantil Servicios Financieros (Mercantil) is a Venezuelan holding company of financial services present in 9 countries in America and Europe.Its shares are listed on the Caracas Stock Exchange (MVZ.A and MVZ.B) [1] and it maintains a Level 1 American Depositary Receipt program (ADR) in the over-the-counter market (OTC) in the United States of America (MSFZY and MSFJY3) [2].
The first attempts to create a banking institution in Panama date back to the time when the country was part of Gran Colombia; in 1826 the "Revenga Project" was created, which attempted to establish a national bank for Gran Colombia that would have its headquarters in Bogotá and three other branches located in Caracas, Guayaquil and Panama City; however, the project was never completed and ...
In 1982, the Mercantil Tower skyscraper was built as the new bank headquarter's. In 1994, it was not really affected by the economic crisis in Venezuela. In 2000, Mercantil bought a lot of financial and insurance institutions as Interbank, Venezolana Entidad de Ahorro y Préstamo, Banco Monagas, Seguros Orinoco, among others.
Credicorp is a financial services holding company in Peru with a presence in Colombia, Bolivia, Chile, Panama and the United States. It currently has a universal banking, insurance and pension platform, with a microfinance, investment banking and wealth management presence in Latin America. Krealo, the innovative arm of the corporation, creates ...
In February 2015, Grupo Sura acquired Seguros Banistmo in Panama for a value of USD$96.4 million, [4] making it a strong competitor in the Central American country with sales of USD$126,400 in 2016 and occupying fourth place below ASSA, International Insurance and Mapfre. [5]
The Panamanian Social Security Fund (CSS) or Caja de Seguro Social Panameña (as it is known in Spanish) is a public institution of the Republic of Panama that is in charge of the planning, control and administration of the contingencies of the social security of Panama. The Social Security Fund was founded on March 21, 1941, by means of Law No ...