June 19, 2018 6:34 AM ET

Banks

Company Overview of Banco General, S. A.

Company Overview

Banco General, S. A., together with its subsidiaries, provides various financial services in the Republic of Panama, Latin America, the Caribbean, the United States, and internationally. It operates through Banking and Financial Activities, Insurance and Reinsurance, and Pension and Retirement Fund Management segments. The company primarily offers corporate, mortgage, and consumer banking services; and manages investment and pension, and retirement and severance funds. It is also involved in finance leasing, loan, and factoring; trust management; administration and marketing of pretax food and health related contributions; securities brokerage, assets management, and brokerage; and insurance...

Banco General Tower

Aquilino de la Guardia Avenue

Urbanization Marbella

Panama City,  

Panama

Founded in 1955

4,649 Employees

Key Executives for Banco General, S. A.

Chairman of the Board
Age: 64
Executive Vice President of Finance
Age: 53
Executive VP of Finance, Deputy GM & Director
Age: 53
Executive Vice President of Support & Operations
Age: 60
Vice Chairman of the Board, Executive VP & General Manager
Age: 54
Compensation as of Fiscal Year 2017.

Banco General, S. A. Key Developments

Banco General, S. A. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2018

Banco General, S. A. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net interest and commission income was PAB 156,631,516 against PAB 144,432,484 a year ago. Net income before income tax was PAB 114,277,966 against PAB 110,212,952 a year ago. Net income was PAB 101,126,069 against PAB 97,504,543 a year ago. Cash flows used in operating activities was PAB 85,266,436 against cash flows from operating activities of PAB 118,817,648 a year ago. Purchases of property, furniture, equipment and improvements were PAB 6,286,533 against PAB 13,834,413 a year ago.

Banco General, S. A. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2017

Banco General, S. A. reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported total interest and commission income of PAB 891,650,557 against PAB 808,396,835 a year ago. Net interest and commission income was PAB 598,389,933 against PAB 554,570,743 a year ago. Net income before income tax was PAB 485,687,534 against PAB 414,101,791 a year ago. Net income was PAB 429,746,527 against PAB 365,388,055 a year ago. Cash flows from operating activities was PAB 13,187,486 against PAB 145,011,146 a year ago. Purchases of property, furniture, equipment and improvements were PAB 56,622,501 against PAB 60,631,194 a year ago. Return on average assets was 2.53% against 2.33% a year ago. Return on average equity was 21.69% against 20.57% a year ago.

Banco General Panamá Presents at 18th Annual FIBA AML Compliance Conference, Mar-14-2018 04:45 PM

Banco General Panamá Presents at 18th Annual FIBA AML Compliance Conference, Mar-14-2018 04:45 PM. Venue: 80 SW 8TH ST, SUITE 2505, Miami, Florida, United States. Speakers: Raúl Guizado.

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