Institutional Profile
On July 12, 1990, under the name of Multi Credit Bank, supported by the favorable evolution and trajectory of Gran Financiera for 20 years, operations began as part of the banking community of Panama, under the vision of Mr. Alberto Btesh, with the projection of being a dynamic and effective alternative to meet the financial needs of Panamanians. The path taken involved great challenges, many lessons learned and great satisfaction. The efforts to promote Small and Medium Enterprises with own capital have contributed to the gradual and sustainable growth of the country.
Today Multibank Inc., the seventh private capital bank by total assets in Panama, totaling USD 4,924 million at the end of 2023. Our organic growth and sustained solvency have allowed us to achieve solid risk ratings, standing out in the Panamanian banking market. We are a flexible and close multi-product bank with 19 branches and 1 loan center in Panama.
With more than 30 years of experience as a banking entity, Multibank Inc., the main subsidiary of Multi Financial Group, a distinguished Panamanian group with more than 50 years of experience in the financial business, stands out with its solid position in Panama; it also has Representative Offices in Colombia.
In May 2020, Grupo Aval, through Leasing Bogotá, S.A. Panama, a subsidiary of Banco de Bogotá, acquired the majority of the capital of Multi Financial Group, maintaining 99.6% of its shares to date. Grupo Aval is one of the largest financial groups in Colombia in terms of total assets, adding its solvency and prestige to our outstanding track record.
Corporate Culture
We share a vision of corporate culture and values. With them we have the motivation to meet the organizational challenges and the dreams of our collaborators, clients, suppliers, and allies so that we continue working with passion at Multibank; contributing to the development of thousands of people, companies, and industries and to the growth of Panama.
Organizational purpose: We serve our people, promoting their dreams to improve their quality of life.
Our corporate values: Empathy, Integrity, and Solidarity.