Transfers
1. Resolution SBP-0030-2016 of January 25, 2016, authorized the transfer to CANAL BANK S.A. of 70% of the issued and outstanding shares of BANCO UNIVERSAL, S.A. and subsidiaries, in accordance with the terms established in the proposed transaction, resulting in a change of direct control of BANCO UNIVERSAL, S.A. and subsidiaries.
2. Resolution SBP-0115-2016 of July 1, 2016, authorized PROMERICA FINANCIAL CORPORATION to acquire 100% of the issued and outstanding shares of BANCO CITIBANK DE GUATEMALA, S.A., CITITARJETAS DE GUATEMALA LIMITADA, and CITIBROKER AGENTE DE SEGUROS INDEPENDIENTE, S.A. and GRUPO INMOBILIARIO CÉNTRICA, S.A., pursuant to the terms established in the proposed transaction.
3. Resolution SBP-0165-2016 of August 26, 2016: The transfer of all the shares of BSI HOLDING A.G., representing 100% of the shares of BSI, S.A., was authorized, pursuant to the terms established in the proposed transaction, in favor of EFG INTERNATIONAL A.G., resulting in a change of indirect control of BSI (Panama), S.A. and BSI BANK (PANAMA), S.A.
1. Resolution SBP-0030-2016 of January 25, 2016, authorized the transfer to CANAL BANK S.A. of 70% of the issued and outstanding shares of BANCO UNIVERSAL, S.A. and subsidiaries, in accordance with the terms established in the proposed transaction, resulting in a change of direct control of BANCO UNIVERSAL, S.A. and subsidiaries.
2. Resolution SBP-0115-2016 of July 1, 2016, authorized PROMERICA FINANCIAL CORPORATION to acquire 100% of the issued and outstanding shares of BANCO CITIBANK DE GUATEMALA, S.A., CITITARJETAS DE GUATEMALA LIMITADA, and CITIBROKER AGENTE DE SEGUROS INDEPENDIENTE, S.A. and GRUPO INMOBILIARIO CÉNTRICA, S.A., pursuant to the terms established in the proposed transaction.
3. Resolution SBP-0165-2016 of August 26, 2016: The transfer of all the shares of BSI HOLDING A.G., representing 100% of the shares of BSI, S.A., was authorized, pursuant to the terms established in the proposed transaction, in favor of EFG INTERNATIONAL A.G., resulting in a change of indirect control of BSI (Panama), S.A. and BSI BANK (PANAMA), S.A.
Mergers
1. Resolution SBP-0166-2016 of August 31, 2016, authorized the Merger by Absorption in which CANAL BANK S.A., as the surviving company, absorbed BANCO UNIVERSAL, S.A. and the following subsidiaries: (i) Inmuebles Universales, S.A., (ii) Reforestadora Universal de Chiriquí, S.A., (iii) Factoring Universal, S.A., (iv) Arrendadora Universal, S.A., and (v) Banco Universal Trust Corporation (Montserrat).