September 1, 2010
by Sean MattsonWhen 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 decision.
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
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.