Banistmo

Banistmo is a prominent bank in Panama and Central America. It was established in 1984 as Primer Banco del Istmo. Originally, the bank operated as a subsidiary of HSBC Panama. Nevertheless, in 2013, the bank was acquired and its name was changed to what it is at the moment.

Banistmo is one of the excellent commercial bank that offers its clients a wide range of banking and finance services in Panama. It has over 40 branches and nearly 300 ATMs within Panama. The Panamanians can open an account with just $50. For foreign customers, on the other hand, it is required $3,000 to open an account.

In 2019, Banistmo reached over 10 billion U.S dollars in total assets and became one of the leading banks based on assets value, owing to the fact that the government of Panama has been working towards implementing a set of financially inclusive policies in recent years. This initiative has been a crucial step to overcome poverty and increase economic growth.

Founded: 1984

Headquarter: Calle 50, Banistmo Building

Website: https://www.banistmo.com