Global Bank
- Company typePrivate
- Founded1994
- HeadquartersPanama City, Panama
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Global Bank does
Global Bank Corporation is a privately held, 100% Panamanian-capital universal bank headquartered in Panama City that began operations on June 30, 1994. It serves retail, affluent, high-net-worth, and corporate/commercial customers through four business divisions — Banca Personal, Banca Select, Banca Privada, and Banca Corporativa y Comercial — supported by four wholly-owned subsidiaries covering pension fund management (Progreso), securities brokerage (Global Valores), fiduciary/trust services (Global Financial Funds), and insurance (Aseguradora Global). The bank's core technology stack comprises a proprietary web-based Banca en Línea platform, native Global Mobile apps for iOS, Android, and Huawei, and the Kuara instant P2P payment rail, with digital onboarding handled through Jumio identity verification.
The bank generates revenue primarily through net interest income on its loan portfolio (personal loans at ~15% via Global TAP, mortgages with up to 98% LTV under preferential interest law, auto loans, commercial lending, factoring, and leasing), supplemented by transaction and account fees, credit card interchange and annual fees across Mastercard Black, Visa Única, GlobalCash, and GlobalGo products, wealth management commissions from Global Valores, pension AUM fees from Progreso, and insurance commissions from Aseguradora Global. Distribution combines 145+ ATMs (Clave network), a multi-city branch network (Calle 50, Albrook, Brisas del Golf, Boquete, Bugaba, Aguadulce), and digital channels including a digital-only Global TAP sub-brand, GDigital training centers, and an online appointment booking system.
Global Bank's go-to-market is hybrid: sales-led for premium, private, and corporate tiers with dedicated relationship management, and product-led/self-serve for retail and digital-native segments via Global TAP and Kuara. Key historical milestones include the 1999 acquisition of Colabanco (tripling assets from $135M to $454M), the 2018 acquisition of the Mundial Servicios Fiduciarios portfolio, and the 2019 acquisition of Banvivienda which added more than 200,000 customers, positioning the bank as a consolidated mid-tier player in the Panamanian financial system.
Global Bank firmographics
Firmographics- Name
- Global Bank
- Legal name
- Global Bank Corporation
- Website
- https://globalbank.com.pa
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Global Bank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221), Commercial Banking (52211)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA)
- akta.pro secondary industry
- Treasury & Liquidity Operations (Cash Positioning, Funding, Collateral Ops) (FSABALAH)
Keywords
Where Global Bank is headquartered
LocationHeadquarters
- HQ city
- Panama City
- HQ country
- Panama
- HQ region
- Latin America
Offices10 records
Markets served
Global Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income from Lending: Global Bank generates primary revenue through interest income on its loan portfolio, including personal loans, mortgages, auto loans, and commercial loans. Interest rates vary by product: Personal loans at 15% annual rate (Global TAP), mortgages with competitive rates, and fixed-term deposits paying interest to depositors.
- Fee Income from Banking Services: Transaction fees, account maintenance fees, credit card annualities, overdraft fees, wire transfer fees, and various service charges across deposit accounts, credit cards, and commercial banking services.
- Credit Card Revenue: Annual membership fees, interchange fees on transactions, cash advance fees, late payment fees, and foreign transaction fees from credit card operations. Products include Global Link, GlobalCash, Mastercard Black, Visa Infinite, and specialty cards.
- Wealth Management and Investment Products: Revenue from Global Valores (securities brokerage) and Global Financial Funds (fiduciary services) subsidiaries managing client portfolios and investment products.
- Insurance Products: Commissions from insurance products offered through Aseguradora Global subsidiary, including credit life insurance, unemployment insurance, and property insurance linked to mortgage products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Global Plus Savings - High-yield savings for balances $3,000+ |
| Subscription | Monthly | Regular Savings Account - Tiered interest rates |
| Subscription | Monthly | Lealtad Savings - Special rate for auto/mortgage clients |
| Subscription | Monthly | Online Savings - Digital-only high-yield account |
| Subscription | Annual | Plan Tu Visión - Term savings with competitive rates |
| Subscription | Annual | Mini Depósito Flexible - Combination savings with overdraft |
| Subscription | Pay-as-you-go | Fixed Term Deposits - Competitive guaranteed rates |
| Subscription | Monthly | Global TAP Personal Loan - Digital approval in 8 hours |
| Subscription | Pay-as-you-go | Christmas Savings Plan - Seasonal savings account |
| Subscription | Annual | Global TAP Credit Card - Virtual card with cashback |
| Subscription | Annual | Visa Única Credit Card - Women-focused with accelerated points |
| Subscription | Annual | Mastercard Black - Premium travel card |
| Subscription | Monthly | GlobalGo Credit Card - Cashback on utilities and services |
Go-to-market motion3 records
Distribution channels9 records
Marketing channels9 records
Global Bank product offering
Product offeringCore offering
Global Bank is a privately held, 100% Panamanian-capital universal bank offering deposit accounts (savings, checking, term deposits, Christmas/Lealtad/Online/Global Plus/Mini Depósito Flexible), credit and debit cards, personal/auto/mortgage loans, instant P2P payments (Kuara), fully digital onboarding and disbursement (Global TAP), corporate cash management, factoring, leasing, and wealth management via subsidiaries (Global Valores brokerage, Global Financial Funds trust, Progreso pension fund, Aseguradora Global insurance), delivered across 145+ ATMs, branches, web, and the Global Mobile app throughout Panama.
Product overview
Global Bank is a Panama-based financial institution offering a comprehensive, multi-segment banking platform structured across four main customer segments: Banca Personal (retail), Banca Select (premium), Banca Privada (wealth management), and Banca Corporativa y Comercial (business banking). The bank operates a diversified product portfolio including multiple savings account types (regular, digital via Global TAP, term deposits, Christmas savings, loyalty accounts), checking accounts, credit cards (with co-branded options like Visa Única for women, cashback cards like GlobalCash and GlobalGo, and premium cards like Mastercard Black), personal loans (including 100% digital Global TAP loans), auto loans, mortgage products (including subsidized Ley de Interés Preferencial), and specialized commercial financing (factoring, leasing, agricultural, construction). Digital banking is delivered through Banca en Línea web platform, Global Mobile app, and Kuara P2P payment service. The Global TAP sub-brand provides 100% digital account opening and loan disbursement. The bank also maintains subsidiary operations in securities brokerage (Global Valores), trust services (Global Financial Funds), and pension fund administration (Progreso). Additional services include a digital learning center (GDigital), financial advisory services, online appointment scheduling, an extensive ATM network (145+ machines), and a proprietary rewards program (Link points) with the LinkPromo.com marketplace. The bank's digital ecosystem integrates with Google Pay, Click to Pay, Copa Airlines ConnectMiles, and Air Europa for payment and rewards flexibility.
Differentiator
Problem solved
Functional benefit
Brands
- Global TAP: Digital banking sub-brand offering 100% digital products including savings accounts, personal loans, credit cards, and auto loans
- Kuara
- Banca Personal
- Banca Select
- Banca Privada
- Banca Corporativa y Comercial
- Única
- Programa Única
- Global Mobile
- Global Values
- Global Financial Funds
- Progreso
- LinkPromo
- ConnectMiles
Products and services
- Cuenta de Ahorros Standard tiered-interest savings account for personal banking customers; minimum opening balance $50, tiered rates from 1.00% to 0.30% by balance band, includes debit card.
- Cuenta de Ahorros Global TAP 100% digital savings account under the Global TAP sub-brand with interest up to 4.0%, Visa Debit card with no annual fee, Kuara P2P access, and automatic Online Max account.
- Cuenta Global Plus Premium high-yield savings account for retail clients with balances $3,000+, interest up to 2.25% annually, includes debit card and serious-illness coverage feature.
- Cuenta Online Exclusive digital-only savings account for online banking users with interest up to 3.00%, restricted to internal transfers between own accounts; not available for foreigners.
- Plan Tu Visión Term savings plan with rates from 4.50% (1-year) up to 5.00% (3-5 year), minimum $100 / maximum $20,000, no withdrawals until maturity.
- Cuenta de Ahorros de Navidad Seasonal savings account for holiday planning with weekly auto-debits of $2-$100 on Saturdays, enrollment January-February, and one free week upon plan completion.
- Cuenta Lealtad Loyalty savings account for clients with active auto loan or mortgage; tiered rates up to 2.25%, no minimum opening balance required.
- Mini Depósito Flexible Combination fixed-term savings with overdraft line at 9.99% (up to 75% of saved balance); rates up to 5.25% for 3-5 year terms; minimum opening $5,000.
- Cuenta Corriente Personal current account with checkbook, branch and online banking access, debit card, $300 minimum opening balance.
- Depósitos a Plazo Fijo Fixed-term deposits from 1 month to 5 years with rates from 2.50% to 4.25% by tenor, $10,000 minimum.
- Tarjeta Débito Clave Clave network debit card for cash withdrawals, balance inquiries, bill payments, airtime purchases, and merchant payments nationwide and via Visa/Plus internationally.
- Tarjeta de Crédito Global TAP 100% digital credit card for Global TAP customers with immediate virtual card issuance, 3% cashback on online purchases, $50 bonus at LinkPromo.com, and free first-year annual fee.
- Global Link (Clásica, Dorada y Platinum) Credit card with 2x points in selected categories (supermarkets, gas, entertainment), 1,000-point referral bonus, and flexible redemption via Link points.
- Mastercard Black Premium Mastercard credit card with 3x points on entertainment, 2x on travel, 1x on other purchases, 4 complimentary VIP lounge passes, and up to 2,500 monthly bonus points for high-balance savers.
- GlobalCash (Clásica y Platinum) Cashback credit card with 7% return in selected categories and 1% on other purchases, with category options including autos and entertainment.
- Visa Única (Clásica y Platinum) Women's credit card with 2x points on health, wellness, and business categories, free illness coverage up to $10,000 (Platinum), and customizable assistance plans.
- Liberty (Clásica y Platinum) Credit card with no lifetime membership fee, competitive interest rates, and extrafinancing options.
- Tasa Baja (Clásica y Dorada) Credit card with reduced annual interest rate of 18.99% for cost-conscious consumers.
- GlobalGo (Clásica) Cashback credit card returning 5% on supermarkets, gas, utilities, entertainment, or department stores, plus home emergency assistance.
- Visa Débito (Clásica y Platinum) Visa debit card earning 1 Link point per $5 spent, with purchase protection, price protection, extended warranty, and international medical assistance (Platinum).
- Préstamo Personal Global TAP Fully digital personal loan with financing up to 3x salary (max $20,000), 15% annual rate, 12-60 month terms, approval and disbursement within 8 business hours.
- Préstamo Personal (segmentos Empresa Privada, Empleados Públicos, Jubilados y Pensionados, Empleados ACP) Personal loans tailored to private-sector employees, public-sector workers, retirees/pensioners, and Panama Canal Authority employees, with amounts from $2,000-$80,000 and terms up to 360 months, plus life and unemployment insurance.
- Préstamo de Auto Global TAP Fully digital auto loan with up to 110-month terms, competitive rates, first payment in 3 months, plus Global TAP savings account and virtual credit card inclusion.
- Préstamo de Moto Motorcycle financing up to 70% of vehicle value, up to 48-month terms, insurance included for new motorcycles.
- Préstamo Prendario Secured loan using savings account or fixed deposit as collateral; amounts from $1,000, up to 5-year terms, rate set as collateral rate plus bank spread.
- Préstamo Hipotecario - Compra de Vivienda Home purchase mortgage financing up to 90% LTV for $120,001-$300,000 properties (up to 70% above $300,001), up to 30-year terms, free appraisals and no closing fees.
- Ley de Interés Preferencial Government-subsidized affordable-housing mortgage with below-market rates for the first 10 years and up to 98% financing for $50,001-$120,000 properties.
- Traslado de Hipoteca Mortgage refinancing covering up to 85% of property market value (from $50,000), up to 30-year terms, with simplified transfer process.
- Consolidación de Deudas Personal loan with mortgage collateral to consolidate multiple debts into a single lower payment and increase liquidity.
- Casa de Veraneo o Segunda Residencia Mortgage financing up to 60% of property market value for vacation or secondary residence purchases.
- Adquisición de Terrenos Land purchase financing up to 60% of property value, up to 15-year terms, for residential land.
- Banca en Línea y Global Mobile Online and mobile banking platform for account access, transfers, bill payments, loan applications, card management, and account opening, with token-based authentication and security questions.
- Kuara Instant peer-to-peer payment service enabling money transfers by mobile phone number via the Global Mobile app, $5,000 maximum per transaction, no fees.
- GDigital Physical and virtual learning center for digital banking education, with in-person and online courses on Banca en Línea, Banca Móvil, and ATM usage, located at Plaza Centennial Center.
- Citas en Línea Online appointment booking system allowing customers to schedule virtual or in-person meetings with bank executives for product consultations.
- Cajeros Automáticos (ATM Network) Network of 145+ ATMs across Panama offering withdrawals, deposits, balance inquiries, transfers, and bill payments, including Full ATMs that accept cash deposits and process loan and credit card payments in real time.
- Programa Única Comprehensive banking program for women offering dedicated credit cards (Visa Única), financial advisory, networking, and educational content on health, finance, and professional development.
- LinkPromo.com Online rewards marketplace with 10,000+ products and 23,000 travel destinations where Global Bank credit card holders redeem accumulated Link points.
- Asesoría Financiera One-on-one financial advisory consultations covering savings, loans, and overall planning, paired with webinars, podcasts, and educational content on personal finance.
- Bienes Reposeídos Catalog of bank-owned real estate (homes, land, apartments) listed for sale at competitive prices following loan defaults.
- Global Valores 100%-owned subsidiary acting as securities brokerage (casa de valores), offering investment advisory, custody, and investment management services; member of a Latin American stock exchange.
- Global Financial Funds 100%-owned fiduciary subsidiary offering trust services including guarantee trusts for auto and residential loans, bond-issuance backing, and investment fund administration.
- Progreso (AFP Pension Fund) 100%-owned pension fund administrator (Administradora de Fondos de Pensiones) offering retirement savings and investment products.
- E-Commerce Global Bank E-commerce platform enabling businesses to sell online with plug-in connectivity solutions tied to Global Bank accounts.
- Adquirencia (POS Acquiring) Point-of-sale acquiring services enabling businesses to accept card payments with end-to-end technology and personalized service.
- ACH Comercial y Planilla Commercial ACH and payroll processing services enabling businesses to manage employee payments and bulk transfers efficiently.
- Factoring Invoice factoring services providing businesses with immediate cash flow by selling accounts receivable to the bank.
- Leasing Equipment leasing for businesses needing machinery, vehicles, or other assets without large upfront capital outlay.
- Financiamiento Agropecuario Specialized financing for the agricultural sector, supporting farm operations, equipment, and crop production.
- Financiamiento Sector Transporte Financing for the transportation sector, including vehicle fleets and logistics operations.
- Proyectos de Construcción Construction project financing for developers and builders undertaking residential or commercial construction projects.
Quantifiable outcome
- 200,000+ customers acquired through Banvivienda merger
- +3 more outcomes
Companies that use Global Bank
Customer profileSegments9 records
Ideal customer profiles4 records
Global Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature5 records
Global Bank partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered minor and core.
- Air EuropaminorPartnership allowing Global Bank credit card holders to transfer Link points to Air Europa SUMA miles. Also provides priority status (Gold/Silver) for eligible cardholders. Enables redemption of points for Air Europa flights and services.
- Copa Airlines (ConnectMiles)minorPartnership enabling Global Bank credit card holders to transfer Link points to Copa Airlines ConnectMiles frequent flyer program for flight redemptions.
- VisacorePrimary card network partner providing debit and credit card processing infrastructure for multiple card products including Global Link, Visa Única, Visa Infinite, and Visa Débito.
- MastercardcoreCard network partner for premium credit card products including Mastercard Black and Mastercard Black Fly with travel benefits and lounge access.
- Telered/Clave NetworkcoreATM network partnership providing shared ATM access across Panama. Global Bank cards work at Clave network ATMs throughout the country.
- LinkPromo.comcoreE-commerce rewards portal with 10,000+ products where Global Bank credit card holders redeem accumulated Link points for merchandise, travel, and services.
- Progreso (AFP Pension Fund)core100% owned subsidiary providing pension fund management (Administradora de Fondos de Pensiones). Cross-selling partner for retirement planning products.
- Global Valorescore100% owned securities brokerage subsidiary (Casa de Valores) authorized by SMV. Provides investment services, securities trading, and investment management.
- Global Financial Fundscore100% owned fiduciary subsidiary authorized by banking regulators. Provides trust services, guarantee trusts, and structured finance support.
- Aseguradora Globalcore100% owned insurance subsidiary offering credit life insurance, unemployment protection, and property insurance linked to mortgage products.
- Superintendencia de Bancos de PanamácoreRegulatory partner and supervisor of banking operations in Panama ensuring compliance with banking regulations.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
Global Bank competitors and assessment
Company assessmentDirect peers
- Banco General: Panama's largest domestically-owned commercial bank offering retail deposits, mortgages, credit cards, and wealth management. Closest direct competitor to Global Bank given similar full-service Panamanian franchise and overlapping customer segments.
- Towerbank International: Panamanian private and commercial bank. Comparable peer focused on wealth management alongside commercial and personal banking, overlapping Global Bank's Banca Privada segment.
- Scotiabank Panamá: Panamanian unit of Scotiabank Group offering personal, commercial, and wealth banking. Comparable foreign-bank presence competing with Global Bank for the same deposit and lending customers in Panama.
- Banistmo: Panamanian commercial bank (subsidiary of Grupo Bancolombia) serving retail, commercial, and corporate clients. Direct peer across deposit, lending, and digital banking products in Panama.
- Caja de Ahorros: Panamanian state-affiliated savings institution offering retail deposits, mortgages, and personal loans. Direct domestic competitor overlapping Global Bank's savings and mortgage products to mass-market customers.
- BAC Panamá: Panamanian commercial bank (part of BAC International) serving personal, commercial, and private banking customers across Panama. Directly comparable to Global Bank across the same product lines and segments.
- Multibank: Panamanian commercial bank offering personal, corporate, and trust banking. Comparable mid-tier full-service competitor to Global Bank within the Panamanian market.
- Banco BCT: Panamanian commercial bank offering corporate banking, treasury, and personal financial services. Comparable mid-tier peer to Global Bank in the local corporate and retail segment.
Broad incumbents
- Bancolombia: Parent of Banistmo and one of the largest financial groups in Latin America. Comparable through Banistmo's Panama operations and broader multi-country retail/corporate banking franchise.
Regional players
- St. Georges Bank: Panama-based bank serving corporate and personal banking customers. Regional/mid-sized peer within the same Panamanian market with overlapping commercial and retail offerings.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Global Bank social profiles
Digital presenceGlobal Bank compliance and trust
Trust signalCompliance6 records
Global Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Global Bank leadership team
Management profileNumber of profiles
Global Bank subsidiaries and ownership
Company hierarchySubsidiaries4 records
Global Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Global Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Global Bank
What does Global Bank do?
Global Bank is a privately held, 100% Panamanian-capital universal bank offering deposit accounts (savings, checking, term deposits, Christmas/Lealtad/Online/Global Plus/Mini Depósito Flexible), credit and debit cards, personal/auto/mortgage loans, instant P2P payments (Kuara), fully digital onboarding and disbursement (Global TAP), corporate cash management, factoring, leasing, and wealth management via subsidiaries (Global Valores brokerage, Global Financial Funds trust, Progreso pension fund, Aseguradora Global insurance), delivered across 145+ ATMs, branches, web, and the Global Mobile app throughout Panama.
Is Global Bank a public or private company?
Global Bank is a private company. It is classified as unknown and is currently operating.
When was Global Bank founded?
Global Bank was founded in 1994. It employs 1,001 to 5,000 people.
Where is Global Bank based?
Global Bank is headquartered in Panama City, Panama, in the Latin America region.
How does Global Bank make money?
Five revenue lines are on record. Interest Income from Lending is the primary driver. The others are fee Income from Banking Services, credit Card Revenue, wealth Management and Investment Products and insurance Products.
Who are Global Bank's main competitors?
Direct peers on record are Banco General, Towerbank International, Scotiabank Panamá, Banistmo, Caja de Ahorros, BAC Panamá, Multibank and Banco BCT. Bancolombia is listed as a broad incumbent. St. Georges Bank is listed as a regional player.
Does Global Bank have an API?
No public API is recorded for Global Bank.
What industry is Global Bank in?
Global Bank's product category is Retail Banking. Its primary akta.pro industry code is FSAAABAA, Onshore Private Banking (Domestic HNW/UHNW), with a secondary code of FSABALAH, Treasury & Liquidity Operations (Cash Positioning, Funding, Collateral Ops). Its NAICS code is 522110 and its SIC code is 6021.