The Seizure of Control of BANCA PRIVADA D’ANDORRA was stated in an official announcement by the Superintendence, their choice was made because of the genuine probability that BANCA PRIVADA D’ANDORRA (PANAMÁ), S.A. would not have access to most of the Assets required to meet depositor demands, which could influence the Bank’s operations in Panamanian Jurisdiction. The Seizure of Control of BANCA PRIVADA D’ANDORRA is in part due to the greater part of its fluid resources are in the Group’s Bank in Andorra. Seizure of Administrative and Operating Control of BANCA PRIVADA D’ANDORRA (PANAMA) In compliance with the procurement’s of Article ...
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At a service managed by Mr. Dulcidio De La Guardia, Minister of Economy and Finance on Friday, March 13, 2015, Mr. Ricardo Fernandez De Dianous accepted the workplace of Superintendent of Banks Panama. Mr. Fernandez De Dianous was named Superintendent by Mr. Juan Carlos Varela, President of the Republic, by method for Executive Decree 50 dated 10 May 2015, distributed on Official Gazette N° 27738 dated Thursday, March 12, 2015. The pronouncement sets up that this arrangement will run simultaneously with the presidential term of office (2015 – 2019). Mr. Ricardo Fernandez De Dianous will run as Banks Superintendent form ...
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