Multibank, Inc

The Bank, which began operations as Multi Credit Bank, opened its doors to the public in 1990, projected as a dynamic and visionary alternative for responding to the financial needs of Panamanians. Since then, Multibank has distinguished itself as a pioneer, versatile and continuously growing business, which provides personalized, speedy and very professional service. Several years later, it is currently worthwhile to recall some of our most important achievements: 1991 – We were the first bank to provide Small and Medium Enterprises specialized services with our own capital. 1993 – To expand our international projection, we established Hemisphere Bank, with headquarters at the Turks and Caicos Islands, in the Caribbean, for the benefit of our clients who carried operations abroad. 1996 – The Alberto and Pamela Btesh Foundation was established with a view to responding to the needs of thousands of Panamanians, to which end it makes donations throughout the country. 1998 – We were the first private institution to receive from the Inter-American Development Bank (IDB), a Development Fund to be distributed as loans to entrepreneurs. 2002 - MCB signs a contract with FMO (Netherlands Development Finance Company), company devoted to financing loans to Banking Institutions in developing countries. 2003 – In keeping with the commitment of our organization, we joined the United Nations Global Pact, thereby promoting greater Social Entrepreneurial Responsibility. 2004 – Multisecurities is born, our Securities Firm which offers a range of investment products and services that can be adapted to the needs of every client, in terms of diversity and profitability. We received the Excellence Award granted by “Entrepreneurial Action”, for being the main executor of the “Management Dialogue” program in Latin America and the Caribbean. 2005 – We entered into the payments with Visa and MasterCard processing service through physical or virtual points of sale (POS) and became the first bank in Panama to provide the Verified by Visa and Secure Code service for Affiliation of Businesses/Acquisition. 2006 – Our growth exceeded US$ 100 million in assets and earnings amounted to US$ 9.1 million. The expansion process began with the opening of new branch offices: Colon Plaza Millennium and El Dorado. Also, the Representation Office was opened in Bogota, Colombia. Organizational restructuring of the institution was undertaken, with the incorporation of the Corporate Vicepresidencies, which have provided vital support in the growth and future of the institution. 2007 – The Equilibrium and Fitch Ratings risk certifiers graded us locally with the A- investment grade. We continued the expansion process and inaugurated two additional branch offices: Boquete, province of Chiriqui and the Transportation Terminal at Albrook. Acquisition of 70% of common stock of Macrofinanciera in Colombia, financing company with over 51 branch offices throughout the Colombian territory. Placement of Multibank, Inc., noncumulative preferred stock in the amount of B/. 30,000,000.00, with full placement of 3,000 shares at a 7.75% dividend and the price of US$10,000.00. 2008 – We are now Multibank, a Flexible bank. The outcome of a well-conceived evolutionary process. Reliable. Thousands of persons continue to grow with us. We are always willing to listen and serve you as you deserve; in addition, we are everywhere in the country. Panamanian. Value creation to promote a better lifestyle for everyone, that is why we understand each other better. Multibank. Creating value. Always We currently have 15 branch offices at the national level, strategically located in the most important sectors of the Republic of Panama. Our staff is highly trained to provide you the assistance you deserve.

Address: Edificio Prsoperidad #127, Via España, Panamá City, Panama

Phone: +507 294 3500
FAX: +507 264 4014