Radar > 227993

Banco Universal assets put on the block

Ponen a la venta activos de Banco Universal

Intel ID : 227993
Synopsis

Banco Universal, a Panama-based financial entity, put its assets on the block, reported Revista Summa on 5 August, 2015.

Panamanian regulator Superintendencia de Bancos de Panamá placed the bank in administration on 5 June for failing to comply with orders from the district attorney's office and the regulator, and due to a possible systemic risk.

Starting 10 August, a process will be opened for the representatives of Panama's general license banks to go over Banco Universal's information, so the interested parties can subsequently submit a bid for the bank's assets.

Interested bidders will have 20 days to submit a proposal and they may bid for some, several, or all portfolios, or for every asset.
(content in spanish)

La entidad panameña Banco Universal ha abierto el proceso para la venta de sus activos, según ha informado el diario Revista Summa el 5 de agosto de 2015.

La Superintendencia de Bancos de Panamá intervino Banco Universal el pasado 5 de junio por incumplimiento de órdenes de la fiscalía y del regulador y de un posible riesgo sistémico.

A partir del próximo lunes 10 de agosto se abre el proceso para que los representantes de los bancos de licencia general ubicados en Panamá puedan revisar la información de Banco Universal, de manera que los interesados presenten, posteriormente, una oferta por los activos de la entidad.

Las entidades interesadas tendrán 20 días para presentar una propuesta, lo que significa que se puede participar con una oferta por alguna de las carteras, por varias, por todas o por todos los activos.

Target


Intel ID 227993
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Banco Universal
(03 Jul 2015)
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Subsector (Old TTR Sectors)
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Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Description

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Date Target Country Buyer Seller VALUE (EURm) Subsector    

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.