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MMG Bank Corporation (Panama City) (Panama)

Main Activities: Commercial Banking | Credit Card Issuing | Financial Transactions Processing, Reserve, and Clearinghouse Activities
Full name: MMG Bank Corporation Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

MMG Bank Corporation is a financial and strategic advisory company located in Panama. It holds a general banking license, as well as licenses for securities and trust services. The company also has an active brokerage position in Panama and a presence in the Bahamas. MMG Bank was founded in 1996 as a venture by partners of the Panamanian law firm Morgan & Morgan in the financial services industry. Since its establishment, it has operated as an independent company.

Headquarters
Costa Del Este, Avenida Paseo Del Mar, Con Avenida Del Pacifi No.22 Torre Mmg
Panama; Panama;

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Website: http://www.mmgbank.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
March 31, 2003
Key Executives
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President
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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100%
Subsidiaries
Epresentaciones Arrazola Inc
100%
Mmg Asset Management Corp
100%
Mmg Bank Trust, Ltd (Bahamas)
100%
Company Performance
Financial values in the chart are available after MMG Bank Corporation (Panama City) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net interest income
-9.01%
Net fee and commission income
32.52%
Operating profit (EBIT)
-26.35%
Net Profit (Loss) for the Period
-40.38%
Total assets
2.99%
Deposits from customers
1.36%
Total equity
10.66%
Total Assets Trend
N/A
Net Interest Income Trend
81.86%
Cost to Income Ratio
4.2%
Loans to Deposits Ratio
-0.53%
Loans to Asset Ratio
-0.47%

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