Global Bank Corporation provides personal, corporate and commercial, and private banking products and services in Panama. The company offers savings, checking, and time deposits; mortgage, auto, personal, and secured loans; financing of construction and farming projects, and public transportation vehicles; and debit and credit cards, lines of credit and overdraft, and leasing and financial advisory services. It also provides wealth management and brokerage services. The company provides its products and services through a network of online banking, kiosk, ATM, phone banking, and customer and other service channels. Global Bank Corporation was founded in 1994 and is based in Panama City, Pana...
Global Bank Tower
Panama City, 0831-01843
Founded in 1994
Global Bank Corporation Reports Consolidated Earnings Results for the Year Ended June 30, 2013
Aug 19 13
Global Bank Corporation reported consolidated earnings results for the year ended June 30, 2013. For the year, the company reported net interest income of USD 107,990,000 against USD 102,505,000 a year ago. Profit before income tax was USD 81,415,000 against USD 54,828,000 a year ago. Net income was USD 71,695,000 against USD 50,352,000 a year ago. Return on assets was 2.0% against 1.6% a year ago. Return on equity was 26.4% against 23.8% a year ago.
Global Bank Corporation Raises $200 Million in Private Placement of Covered Bonds
Oct 3 12
Global Bank Corporation sold $200 million of covered bonds in the 144a private placement market that will mature on October 5, 2017. The bonds have been issued at a price of $98.906 with a coupon rate of 4.75%. Deutsche Bank AG and HSBC Holdings Plc acted as joint bookrunning managers for the transaction.