What Does Multibank Panama Do?

Total employees866
HeadquartersPanama City
Founded1990

Multibank Panama is a prominent financial institution headquartered in Panama City, Panama, offering a comprehensive suite of banking products and services to individual, corporate, and institutional clients. Since its acquisition by Colombia's Grupo Aval Acciones y Valores S.A. in May 2020, Multibank has further solidified its position in the Panamanian financial market. The bank is known for its robust digital banking platforms, extensive branch network, and a focus on customer-centric solutions, including savings and checking accounts, loans, credit cards, investment products, and international banking services. It plays a significant role in supporting Panama's economic development through financing various sectors.

Where Is Multibank Panama's Headquarters?

HQ Function

The headquarters serves as the central hub for all strategic, operational, and administrative functions of the bank. It houses key departments including executive management, corporate banking, risk management, compliance, technology, and human resources.

Notable Features:

Torre Multibank is a modern, high-rise office building, easily recognizable in the Panama City skyline. It features contemporary architecture and is equipped with advanced technology to support banking operations.

Work Culture:

The work culture at Multibank Panama HQ is professional, dynamic, and customer-focused. It emphasizes collaboration, innovation in financial services, and adherence to high ethical and regulatory standards. Employees often experience a challenging yet rewarding environment driven by market demands and a commitment to excellence.

HQ Significance:

Its location in Panama City's financial district underscores its importance in the national economy and facilitates interaction with other key financial institutions, regulatory bodies, and major corporate clients. The HQ is pivotal for decision-making and policy implementation across its network.

Values Reflected in HQ: The headquarters' design, location, and functionality reflect Multibank's values of stability, modernity, customer accessibility, technological advancement, and commitment to the Panamanian financial sector.

Location:

While Multibank Panama's primary operations are concentrated within the Republic of Panama, it supports international banking needs for its clients through correspondent banking relationships worldwide. As part of Grupo Aval, it benefits from a wider network and expertise across Latin America, particularly in Colombia, Central America, and the Caribbean. The bank facilitates international trade finance, cross-border transactions, and provides services for multinational corporations operating in Panama.

Street Address:

Torre Multibank, Vía España 122, Campo Alegre

City:

Panama City

State/Province:

Panamá

Country:

Panama

Where Else Does Multibank Panama Operate Around the World?

David, Chiriquí, Panama

Address: Avenida Central y Calle D Norte, Edificio Multibank, David, Chiriquí, Panama

To cater to the financial needs of the Chiriquí province, supporting local businesses, agricultural producers, and individual customers, thereby fostering economic growth in the region.

Colón, Colón, Panama

Address: Zona Libre de Colón, Calle 16, Edificio Multibank, Colón, Panama

To facilitate international trade and commerce by providing specialized financial solutions to importers, exporters, and logistics companies within the vital Colón Free Trade Zone.

Panamá Pacífico, Panamá Oeste, Panama

Address: International Business Park, Edificio 3855, Panamá Pacífico, Panamá Oeste, Panama

To provide specialized banking services to the growing number of multinational corporations, logistics firms, and tech companies establishing operations in the Panamá Pacífico economic zone.

Buying Intent Signals for Multibank Panama

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Multibank Panama? Meet the Executive Team

As of April 2025, Multibank Panama' leadership includes:

Gerardo Ulloa - Gerente General (General Manager)
Yazmín de Lew - Vicepresidente de Capital Humano y Sostenibilidad (VP of Human Capital and Sustainability)
Roberto Yau - Vicepresidente Finanzas Corporativas y Tesorería (VP Corporate Finance and Treasury)
Ana María Díaz - Vicepresidente Banca de Personas y Mercadeo (VP Personal Banking and Marketing)
Francisco Pasalagua - Vicepresidente de Operaciones y Tecnología (VP Operations and Technology)

Who's Investing in Multibank Panama?

Multibank Panama has been backed by several prominent investors over the years, including:

Grupo Aval Acciones y Valores S.A. (Owner)

What Leadership Changes Has Multibank Panama Seen Recently?

Hire0
Exits0

No major high-profile executive hires or exits at Multibank Panama have been widely publicized in the last 12 months. The current leadership team reflects stability, particularly after the integration phase following the Grupo Aval acquisition in 2020.

What Technology (Tech Stack) Is Used byMultibank Panama?

Discover the tools Multibank Panama uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Multibank Panama Email Formats and Examples

Multibank Panama generally utilizes a standard corporate email format. The most common structures involve combinations of the employee's first name and last name, or first initial and last name, followed by the '@multibank.com.pa' domain.

[first_initial][last_name]@multibank.com.pa

Format

gulloa@multibank.com.pa

Example

80%

Success rate

What's the Latest News About Multibank Panama?

Fitch RatingsAugust 2, 2023

Fitch Affirms Multibank (Panama) at 'BB+'; Outlook Stable

Fitch Ratings affirmed Multibank, Inc.'s (Multibank) Long-Term Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook. The rating affirmation considers Multibank's sound franchise in Panama, adequate asset quality, and good profitability, as well as the support from its parent company, Grupo Aval....more

PR Newswire / Grupo AvalMay 20, 2020

Grupo Aval Completes Acquisition of Multi Financial Group (Parent of Multibank Panama)

Grupo Aval Acciones y Valores S.A. announced the successful completion of its acquisition of 96.6% of the shares of Multi Financial Group, Inc. (MFG), the parent company of Multibank Panama. This acquisition significantly expanded Grupo Aval's operations in Central America....more

BNamericas (citing local reports)March 15, 2024

Panama's Multibank sees loan portfolio growth driven by corporate sector

Multibank Panama reported positive growth in its loan portfolio, with significant contributions from the corporate and commercial sectors. The bank highlighted its focus on supporting local businesses and contributing to Panama's economic reactivation....more

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