EXCLUSIVE: Panama’s Motta Eyes Home Potential
In a rare interview, Panamanian mogul Stanley Motta weighs his country’s potential for growth in infrastructure and capital markets. He does not rule out M&A for Copa.
by Sean Mattson
When the last decades wave of foreign bank acquisitions
swept through Panama, Stanley Motta, then-chairman of the local
Banco Continental de Panama faced two options for his
family-led financial institution: sell or merge. He met with
directors of local rival Banco General and reached a
The two groups got together and said, Do we want
to be threatened by a sellout or do we want to get together and
have a domestic bank?, Motta tells
LatinFinance. The move helped cement one of
Panamas leading business familys reputations as an
able competitor in an increasingly globalized economy. We
obviously answered that question with a merger, Motta
Now one of Central Americas largest, the General that
sprung from the 2007 merger is poised for more organic growth,
says Motta, even as foreign interest in scooping up...
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