7 November 2025

BAC International Corp. (BIC) has revealed plans to purchase Multibank in Panama, a move that would make it the largest bank in Central America by market share. The purchase is subject to approval by the respective banks’ directors, shareholders and regulatory authorities. It would give BAC US$43bn in assets, US$30bn in loan portfolio and US$32bn in deposits and place them in the top three banks in Panama. BAC has over six million customers across Central America and is perhaps best known for its commitment to sustainability.

Source: Central America Briefing | Vol 13, Issue 20