Transfers
1) Resolution SBP-0048-2022 of June 17, 2022: BAC INTERNATIONAL BANK, INC. was granted no objection to carry out the corporate reorganization process within the group through the transfer of 99.9997% of the shares of CREDOMATIC GUATEMALA, S.A., 99.9958% of the shares of NEGOCIOS Y TRANSACCIONES INSTITUCIONALES, S.A., and 100% of the shares of BAC BANK, INC., all owned by CORPORACIÓN LATINOAMERICANA DE FINANZAS, S.A., in favor of BAC INTERNATIONAL BANK, INC.
2) Resolution SBP-2022-05999 of October 31, 2022: authorized the transfer of 100% of the issued and outstanding shares of CAPITAL BANK, INC. and subsidiaries to MERCANTIL CAPITAL, S.A., which entails a change of control of CAPITAL BANK, INC. and subsidiaries, in accordance with the terms and conditions established in the proposed transaction.
3) Resolution SBP-2022-06217 of November 9, 2022: authorized the transfer of 80% of the issued and outstanding shares of PACIFIC BANK, S.A. held by PASCAL UNIVERSAL INC., NEW SEA DEVELOPMENT SERVICES, INC. and ABAKO, LP, in favor of ATLÁNTIDA OVERSEAS INVESTMENTS, S.A., in accordance with the terms and conditions set forth in the proposed transaction.
Mergers
1) Resolution SBP-2022-04364 of August 17, 2022: authorized the merger by absorption between MULTIBANK, INC., and ORBIS REAL ESTATE, INC., resulting in MULTIBANK, INC. as the surviving company.
2) Resolution SBP-2022-07121 of December 23, 2022: authorized the merger by absorption between BANCO GENERAL S.A. and FINANZAS GENERALES, S.A., resulting in BANCO GENERAL S.A. as the surviving company.
1) Resolution SBP-0048-2022 of June 17, 2022: BAC INTERNATIONAL BANK, INC. was granted no objection to carry out the corporate reorganization process within the group through the transfer of 99.9997% of the shares of CREDOMATIC GUATEMALA, S.A., 99.9958% of the shares of NEGOCIOS Y TRANSACCIONES INSTITUCIONALES, S.A., and 100% of the shares of BAC BANK, INC., all owned by CORPORACIÓN LATINOAMERICANA DE FINANZAS, S.A., in favor of BAC INTERNATIONAL BANK, INC.
2) Resolution SBP-2022-05999 of October 31, 2022: authorized the transfer of 100% of the issued and outstanding shares of CAPITAL BANK, INC. and subsidiaries to MERCANTIL CAPITAL, S.A., which entails a change of control of CAPITAL BANK, INC. and subsidiaries, in accordance with the terms and conditions established in the proposed transaction.
3) Resolution SBP-2022-06217 of November 9, 2022: authorized the transfer of 80% of the issued and outstanding shares of PACIFIC BANK, S.A. held by PASCAL UNIVERSAL INC., NEW SEA DEVELOPMENT SERVICES, INC. and ABAKO, LP, in favor of ATLÁNTIDA OVERSEAS INVESTMENTS, S.A., in accordance with the terms and conditions set forth in the proposed transaction.
Mergers
1) Resolution SBP-2022-04364 of August 17, 2022: authorized the merger by absorption between MULTIBANK, INC., and ORBIS REAL ESTATE, INC., resulting in MULTIBANK, INC. as the surviving company.
2) Resolution SBP-2022-07121 of December 23, 2022: authorized the merger by absorption between BANCO GENERAL S.A. and FINANZAS GENERALES, S.A., resulting in BANCO GENERAL S.A. as the surviving company.