Banistmo To List On LATIBEX On June 14th - Banco Santander Will Act As The Specialist For The Stock

Panamanian company Grupo Banistmo will list its shares on LATIBEX on Wednesday June 14th under the trading code XBAN. Banco Santander will act as the specialist for the stock.

Banistmo is a financial group with regional presence a market capitalisation exceeding $ 1.2bn. Besides Panama, the home country of the company, Banistmo operates in Colombia, Costa Rica, Nicaragua, Honduras, El Salvador and the Bahamas.

Banistmo’s stock, the most heavily traded on the Panama stock exchange, posted a return of over 40% in 2005 while recording an additional 30% increase so far this year.

Banistmo has been rated BB+ with stable outlook by Credit Agencies Fitch and Standard %& Poors. Moodys gave the company an equivalent Ba1rating.