Merger between BAC and Multibank reflects the growing consolidation of banking in Panama - Revista SUMMA

▤ Summary

BAC Panama completed its operational merger with Multibank and now operates as a single institution under the BAC brand. The combined group surpasses $45 billion in assets and expands its regional credit portfolio across six countries. BAC will remove the Multibank brand and unify branches, ATMs, digital channels, and customer offerings. The bank also plans about $300 million in regional technology investment in 2026, with emphasis on digital transformation, cybersecurity, and customer platforms.

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