Latin America & Caribbean
|Date joined:||29 May, 2013|
|Initiatives:||Principles for Responsible Banking|
Global Bank Corporation, a bank with 100% Panamanian capital, began operations in June of the year 1994. Originally, the bank catered strictly to corporate customers. However, when faced with significant growth during its first years of operation, and with the vision of becoming a leading player in the Panamanian financial sector, in 1999 Global Bank acquired Colabanco, becoming the first banking group that started the wave of bank mergers acquisitions in Panama.
Since 1999 Global Bank’s growth rates have been steadily higher than those of the financial industry. On April 26, 2013, Fitch Ratings elevated the bank’s rating to AA- (pan); and Standard & Poor’s also increased the rating of Global Bank Corporation and Subsidiaries to BBB- / A-3; meaning the bank earned international risk with stable perspective.
Global bank & Sustainability
Global Bank started developing an Environmental Management System back in 2008, specifically in the corporative credits section and began its implementation since October 2011. Environmental and Social Risks Analysis have been practised to the different activities Global Bank clients develop. We make recommendations about better and more responsible methods in their business. In this way, Global Bank contributes to more sustainable development in our country.