Multibank

in implementation

Multibank began operations in 1990 under a general banking license issued by the Panamanian banking authority, Superintendencia de Bancos de Panamá. From the beginning, Multibank has focused on providing banking services to small and medium-size companies, but it also provides personal banking services. In 2005, Multibank began a process to become a universal bank, opening branches, expanding its product portfolio, and expanding services to its clients.Multibank’s management team includes top-rated executives and professionals with several years of experience in the banking sector, who have worked to position the bank in the Panamanian market.The project consists of providing Multibank with a loan of up to US$6 million for financing Panamanian SMEs and/or residential housing for middle- and low-income individuals. In the case of residential housing, subloan beneficiaries shall be individuals who are residents and citizens of Panama and who will live in the housing unit themselves.