As Panama is considered the most important and largest international banking center after Switzerland, with over 100 international banks operating in the country, our economy has always kept a great level of stability.
Adding the fact that Panamanian banking possesses the latest technology and one of the most stable banking jurisdictions in the world, Grupo Ashkenazi took part of this competitive market, which is one of the most active in the world.
Banco Aliado was created in 1992 with well defined policies aiming to establish it as an efficient and competitive institution, ruled by the strictest norms and regulations that guarantee a secure and well planned growth within Panamanian banking. From the beginning, Grupo Ashkenazi is present in the Banco Aliado Board of Directors.
In 2004, they expanded their services with three new subsidiaries: Aliado Leasing S.A., Aliado Factoring S.A., and Financiera Davivienda S.A. (Finacredit). Their growth has been constant and is expected to continue especially in corporate banking.
Banco Aliado’s Board of Directors decided to measure its development under the prism of the Basel Accords, another benefit for its large corporate clientele.