Multibank Climate Smart and SME

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Multibank Inc. is a Universal Bank that was established in 1990. Today, the Bank provides a broad range of commercial and retail banking services to its customers (65% commercial and 35% retail). Multibank Inc. has 7 local subsidiaries that provide factoring, leasing, insurance and brokerage services.Multibank Inc., among other non-state banks with Panama capital occupies the third and ninth place by total assets and loans, respectively, with a market share of 3.3% in total assets and 4.1% in loans as of December 2012.As of December 2012, Multibank Inc. employs 1,300 professionals, has 28 branches in Panamá, and also operates subsidiaries in Colombia, Costa Rica, Turk and Caicos, Cayman Island, Nevis Island and British Virgin Island, and representative offices in Peru and Colombia.Multibank Inc. has outstanding bond issues and preferred shares, registered and publicly traded on the Panama Security Exchange.Currently Multibank Inc.’s long term international risk rating by both Standard & Poor’s and Fitch Rating NY stands at BB+, with a stable perspective, only one notch from investment grade.