April 16, 2019 |
Panama's Global Bank expects its private banking division to grow 10% this year as its merger with Banvivienda brings new clients and the local wealth management sector posts strong gains.
"We are targeting 10% growth," Mónica García de Paredes de Chapman, vice president of private banking, told LatinFinance.
"We have $1.3bn in assets and 1,100 clients. With Banvivienda, we will have 300 more and access to a very interesting client mix," she said.
Global Bank expects to close the $245m acquis
Panamanian bank targets 10% growth with Banvivienda merger