Banco Nacional de Panamá (Banconal) is the Republic of Panama's official state-owned bank. Established in 1904, it plays a crucial role in the country's economic development by providing a wide range of financial services to individuals, businesses, and government entities. Banconal is committed to financial inclusion, supporting national projects, and maintaining stability within Panama's robust financial sector. It operates an extensive network of branches throughout the country, ensuring accessibility for all Panamanians.
Serves as the central administrative and operational hub for all banking activities, strategic planning, and policy implementation for the national bank.
The Torre Banconal is a modern high-rise building, a recognizable landmark in Panama City's skyline, symbolizing the bank's strength and stability. It houses advanced banking technology and modern office facilities.
A professional and service-oriented environment, blending traditional banking values with modern practices. As a state entity, there's an emphasis on public service, regulatory compliance, and contributing to national progress. Employees often experience a stable work environment with opportunities for development within the public financial sector.
The headquarters is the nerve center of Panama's primary state financial institution, playing a vital role in the nation's economy, acting as a fiscal agent for the government, and supporting the development of the national banking system.
As Panama's national bank, Banco Nacional de Panamá primarily focuses on domestic operations. Its global presence is mainly characterized by correspondent banking relationships with international financial institutions to facilitate international trade, remittances, and foreign currency transactions for its clients. It does not typically operate a network of international branches for general retail or commercial banking, but rather supports Panama's engagement with the global financial system from its home base.
Torre Banconal, Vía España y Calle Manuel M. Icaza
Panama City
Panamá
Panama
Address: Avenida Central y Calle D Norte, Edificio Banconal, David (Representative Address)
Support local economic activities, facilitate commerce, promote agricultural development, and extend financial services to the western region of Panama.
Address: Calle 10 y Avenida Central, Edificio Banconal, Colón (Representative Address)
Provide financial services to international trade businesses, logistics companies, and the local population in this vital economic zone on the Caribbean coast.
Address: Over 90 branches and numerous ATMs across all provinces and major districts.
To achieve national financial inclusion, support regional development, and provide convenient banking access throughout the country.
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As of April 2025, Banco Nacional de Panama' leadership includes:
Banco Nacional de Panama has been backed by several prominent investors over the years, including:
Over the last 12 months, Banco Nacional de Panamá's core executive team, including the General Manager and Deputy General Managers, has demonstrated stability with no major publicly announced hires or departures. Any changes in the Board of Directors are typically aligned with governmental appointments and cycles and are not included here as operational executive changes.
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Common email formats for large organizations like Banco Nacional de Panamá typically involve combinations of the employee's first name initial and last name. The domain used is @banconal.com.pa.
[first_initial][lastname]@banconal.com.pa
Format
jcarrizo@banconal.com.pa
Example
75%
Success rate
Fitch Ratings • May 9, 2024
Fitch Ratings affirmed Banco Nacional de Panamá's (Banconal) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BBB-' with a Stable Outlook. The affirmation reflects Banconal's strong linkage to the Panamanian sovereign, its systemic importance, and stable financial profile....more
Presidencia de Panamá (Noticias) • February 20, 2024
Banco Nacional de Panamá announced its agricultural loan portfolio surpassed B/.700 million, a historic milestone, underscoring its commitment to supporting Panama's agricultural sector and contributing to national food security....more
Banco Nacional de Panamá Website • April 29, 2024
Banco Nacional de Panamá and the Ministry of Housing and Territorial Planning (Miviot) signed an inter-institutional cooperation agreement to facilitate the 'Gradualidad Residencial Social' (Social Residential Gradualness) program, aiming to provide housing solutions....more
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