Banistmo's Big Aspirations

Banistmo's Big Aspirations

M&A

Primer Banco del Istmo, the largest private-sector bank in Panama, is well on it way to becoming a top bank in the region. Banistmo already has completed sizable acquisitions in Costa Rica, Honduras and Panama. Now it is aiming for a 10% market share in the Dominican Republic and El Salvador. Alberto Vallarino, the bank's chief executive officer, says, "Building on the strength of Banistmo's Panamanian franchise, we will continue with our regional expansion strategy reinforcing the bank's presence throughout the Central American region, strengthening and diversifying the bank's sources of revenue and creating value for our shareholders." In September, the bank completed a stock swap to a

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