What Banco Aliado does

Banco Aliado, S.A. is a privately held Panamanian commercial bank founded in 1992 and headquartered at Calle 50 (San Francisco), Panama City. Operating exclusively in Panama under the supervision of the Superintendencia de Bancos de Panamá, the bank serves retail (Personas), business (Empresas), and high-net-worth (Banca Privada) customer segments through a hybrid model combining 8 physical Centros de Relación branches (6 in Panama City, 1 in Zona Libre Colón, 1 in David/Chiriquí) with the Aliado Digital web and mobile banking platform and self-serve digital onboarding for Aliado Clic and Cuenta Preferida accounts.

The product portfolio spans deposit accounts (savings, current, fixed-term, tiered-interest Cuenta Preferida offering up to 4% APY), consumer lending (mortgages up to 98% LTV under Ley de Interés Preferencial, Finacredit personal loans, auto financing via leasing, secured pawn loans, Visa credit cards with Aliado Millas rewards and Card Control), and corporate banking (commercial mortgages, construction interim financing, credit and overdraft lines, payroll management, letters of credit, and trade services). Digital acquisition is powered by technology partner Darien Technology S.A., which underpins the biometric selfie/document onboarding flow, Token Digital authentication, and ~22 third-party bill payment integrations.

Banco Aliado operates within the Grupo Aliado diversified financial conglomerate alongside five wholly-owned licensed subsidiaries (Aliado Trust for fiduciary/escrow, Aliado Factoring, Aliado Leasing, Aliado Seguros, and Financiera Finacredit) plus Geneva Asset Management. Revenue mechanics therefore blend net interest income (lending), transaction fees (cards, POS, e-commerce, bill collection), recurring commercial banking fees, factoring/leasing spreads, insurance distribution commissions, and managed-service fees from trust and asset management — distributed and serviced through both physical relationship channels and digital banking.

Name

Banco Aliado

Legal name

Banco Aliado, S.A.

Website

https://bancoaliado.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

Banco Aliado is a private Panamanian commercial bank, founded in 1992 and based in Panama City, offering retail, SME, and private banking through 8 branches and digital platforms, plus insurance, leasing, factoring, trust, and asset management via Grupo Aliado subsidiaries.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Customer Experience & Engagement (CRM, Support, Rewards, Loyalty) (FSAGAAAM)

Keywords

• Retail banking services
• Commercial banking products
• Mortgage lending services
• Digital banking platform
• Trust and fiduciary services

Headquarters

HQ city

Panama City

HQ country

Panama

HQ region

Latin America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Lending: Interest income generated from mortgage loans (up to 90% financing for primary residences, 98% for Ley de Interés Preferencial), commercial mortgages, construction interim financing, personal loans (Finacredit), auto financing, and credit card lending.
2. Deposit Account Fees and Charges: Fees from savings and checking accounts including potential charges for services. Aliado Clic digital account offers no minimum opening with $5,000 maximum balance limit. Cuenta Preferida offers interest-bearing savings with tiered rates.
3. Credit Card Fees and Merchant Services: Revenue from credit card transactions, annual memberships (with first-year free promotions), and merchant services through Aliado POS and Aliado Pagos e-commerce solutions.
4. Commercial Banking Services: Business account services, commercial credit lines, overdraft facilities, foreign trade services (carta de crédito, standby letters), payroll management for enterprises, and commercial leasing through Aliado Leasing.
5. Factoring Services: Short-term financing through accounts receivable purchase (factoring) for private companies and government entities, providing liquidity against outstanding invoices.
6. Fiduciary and Trust Services: Trust management, escrow accounts, and fiduciary services through Aliado Trust, S.A. for wealth management and institutional clients.
7. Insurance Distribution: Insurance products distributed through Aliado Seguros including life, property, and other coverage, earning commission revenue from insurance partners.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels5 records

Core offering

Banco Aliado is a Panamanian universal bank that provides retail and commercial banking products and services, including deposit accounts (savings, checking, fixed-term, Aliado Clic, Cuenta Preferida), lending products (mortgages, personal loans, auto financing, commercial credit lines, overdrafts, construction interim financing), credit cards (Visa with Aliado Millas rewards), trust and fiduciary services, factoring, leasing, insurance distribution, merchant payment processing (Aliado Pagos and Aliado POS), payroll management, and asset management through subsidiary Geneva Asset Management. Services are delivered through 8 physical Centro de Relación branches combined with digital channels including the Aliado Digital web platform, Banca Móvil mobile app, and fully digital account onboarding with biometric KYC.

Product overview

Banco Aliado is a Panamanian banking group offering a comprehensive financial services portfolio through multiple channels including digital banking (Aliado Digital, Banca en Línea), physical branches (Centros de Relación), and subsidiaries. The core banking platform consists of deposit products (savings, current, fixed-term accounts), lending solutions (mortgages up to 98% financing, personal loans through Finacredit, commercial credit lines), and credit cards. Digital-first products include Aliado Clic (100% digital savings account with $5,000 limit) and Cuenta Preferida (premium savings with 4% interest). The subsidiary ecosystem extends offerings to insurance (Aliado Seguros), leasing (Aliado Leasing), factoring (Aliado Factoring), trust services (Aliado Trust), and asset management (Geneva Asset Management). Business solutions include Aliado Pagos e-commerce platform with POS terminals and comprehensive international trade services. All products are accessible through the Aliado Digital mobile and web platform featuring 24/7 transaction capabilities, third-party bill payments, and card management through Card Control.

Differentiator

Problem solved

Functional benefit

Brands

• Aliado Digital: Digital banking platform for personal banking customers
• Aliado Clic
• Cuenta Preferida
• Aliado Pagos
• Aliado POS
• Aliado Seguros
• Aliado Factoring
• Aliado Leasing
• Finacredit
• Geneva Asset Management

Products and services

• Cuenta Preferida Tiered-interest savings account for individuals offering 4% APY on balances of B/1,000–B/150,000 (B/150,001–B/500,000 at 3% APY), with digital onboarding, FATCA/CRS declarations, and optional Visa prepaid card. For new funds, natural persons only.
• Aliado Clic 100% digital savings account for Panama residents with no minimum opening, US$5,000 maximum balance, US$5,000 monthly transaction limit, and digital-only operation through Banco Aliado channels. Includes declaration oath and identity verification via selfie and document photography.
• Cuentas de Ahorro Interest-bearing savings deposit accounts for individual customers to accumulate funds and earn variable market-linked interest.
• Cuentas Corrientes (Personal) Personal current checking accounts enabling individuals to manage day-to-day banking transactions including deposits, withdrawals, and payments.
• Depósitos a Plazo Fijo Fixed-term deposit products for individuals offering guaranteed returns over specified time horizons.
• Hipotecas (Mortgages) Residential mortgage lending including financing for primary residences (up to 90% LTV, up to 30-year terms), preferential interest law mortgages (up to 98% LTV), vacation home financing (up to 70% LTV), and mortgage transfers with competitive rates and bundled benefits such as content insurance for the first two years.
• Préstamos Prendarios Collateral-backed personal loans for individuals seeking financing secured by pledged assets.
• Finacredit Préstamos Personales Personal loan products for individuals distributed through the Financiera Finacredit subsidiary of Grupo Aliado, providing unsecured personal financing solutions.
• Financiamiento de Auto Auto financing solutions for individual and business vehicle purchases, distributed through Aliado Leasing channels.
• Tarjetas de Crédito (Visa con Aliado Millas) Visa-branded credit cards for individual customers with the Aliado Millas rewards program, promotional first-year-free annual memberships, balance transfer options at 5.99%, and integration with Card Control for transaction management.
• Tarjetas Clave Key cards for individuals with first-year complimentary membership bundled with mortgage origination, used for secure identification.
• Banca Privada Private banking services for high-net-worth individuals and families requiring specialized wealth management, advisory, and exclusive relationship banking.
• Servicios Fiduciarios / Fideicomisos Trust management, escrow accounts, and fiduciary services for individuals and businesses delivered through the Aliado Trust, S.A. subsidiary.
• Cuentas de Ahorro Empresariales Business savings deposit accounts for corporate clients earning competitive market-linked interest on balances.
• Cuentas Corrientes Empresariales Business checking accounts for corporate clients to manage day-to-day operational transactions, payments, and collections.
• Depósitos a Plazo Fijo Empresariales Fixed-term deposit products for businesses to manage corporate treasury with guaranteed returns over specified periods.
• Hipotecas Comerciales Commercial mortgage financing for businesses acquiring or developing commercial real estate properties.
• Interinos de Construcción Construction interim financing facilities for developers and contractors providing short-term capital during building project execution.
• Líneas de Crédito Comerciales Revolving commercial credit lines providing businesses flexible access to working capital for operational and growth financing.
• Líneas de Sobregiro Overdraft facilities for business current accounts covering temporary cash flow gaps and short-term liquidity shortfalls.
• Tarjetas Empresariales Corporate credit cards for businesses to manage employee expenses, travel, and operational purchasing with consolidated billing.
• Planillas Empresariales Corporate payroll management service enabling businesses to disburse employee salaries through Banco Aliado accounts, with associated direct deposit and HR integration support.
• Aliado Pagos (E-Commerce) Electronic payment processing platform for merchants enabling e-commerce transaction acceptance, integrated with the Aliado POS terminal network.
• Aliado POS Point-of-sale (POS) terminal hardware and processing services for merchants accepting card-present payment transactions.
• Servicios de Comercio Exterior International trade finance services for importers and exporters, including letters of credit (carta de crédito), standby letters of credit, foreign exchange transactions, and guarantees.
• Aliado Factoring Short-term financing through accounts receivable purchase (factoring) for private companies and government entities, providing liquidity against outstanding invoices and purchase orders.
• Aliado Leasing Leasing services for vehicles, equipment, and real estate, offered through the Aliado Leasing S.A. subsidiary licensed by the Ministerio de Comercio e Industria.
• Aliado Seguros Distribution of insurance products including life, property, and other coverage lines to bank customers through the Aliado Seguros, S.A. subsidiary licensed by the Superintendencia de Seguros y Reaseguros de Panamá.
• Geneva Asset Management Investment management and asset management services for high-net-worth clients offered through Geneva Asset Management, a Grupo Aliado entity.
• Servicios Fiduciarios para Empresas Fiduciary and escrow services for corporate clients including cuenta escrow and fideicomisos for business transactions, offered through Aliado Trust.

Quantifiable outcome

• 4% APY savings rate on Cuenta Preferida for balances B/1,000-B/150,000
• +3 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration24 records

AI capability3 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Darien Technology S.A.coreTechnology or IntegrationTechnology partner powering Banco Aliado's digital onboarding platforms and core banking systems. Darien Technology S.A. provides the technical infrastructure for digital account opening processes including Aliado Clic and Cuenta Preferida, as well as mobile banking applications.
• Superintendencia de Bancos de Panamá (SBP)coreOthersPrimary banking regulator in Panama that supervises Banco Aliado exclusively for AML/CTF/CPF matters under Law 23 of April 27, 2015. The bank is required to comply with all regulatory directives and reporting requirements.
• Aliado Trust, S.A.coreOthersFiduciary subsidiary of Grupo Aliado holding license from Superintendencia de Bancos de Panamá. Provides trust services, escrow accounts, and fiduciary management to Banco Aliado customers.
• Aliado Factoring, S.A.coreOthersFactoring subsidiary holding license from Ministerio de Comercio e Industria. Provides short-term financing through accounts receivable purchase for businesses.
• Aliado Leasing, S.A.coreOthersLeasing subsidiary holding license from Ministerio de Comercio e Industria. Provides commercial and operational leasing solutions for vehicles, equipment, and real estate.
• Aliado Seguros, S.A.coreOthersInsurance subsidiary holding license from Superintendencia de Seguros y Reaseguros de Panamá. Distributes insurance products including life, property, and other coverage to bank customers through allieseguros.com.
• Financiera Finacredit, S.A.coreOthersPersonal loans subsidiary holding license from Ministerio de Comercio e Industria. Provides personal financing solutions marketed as Finacredit through Banco Aliado channels.
• Geneva Asset ManagementminorOthersWealth management entity operating under Grupo Aliado, accessible through genasset.com, offering investment management services to high-net-worth clients.
• Correspondent BanksminorOthersInternational correspondent banking relationships enabling local and international transfers, foreign trade services, and global payment connectivity for Banco Aliado customers.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Banco General: Panama's largest commercial bank by assets, offering retail deposits, mortgages, credit cards, commercial banking, and trade finance — the dominant direct competitor across Banco Aliado's full product suite in the domestic market.
• Caja de Ahorros: Panamanian state-owned savings bank providing retail deposits, mortgages, and consumer credit — directly competes with Banco Aliado in mass-market consumer banking and government-related payroll banking relationships.
• Banistmo: Panamanian universal bank (subsidiary of Grupo Bancolombia) offering retail and commercial banking, mortgages, trade finance, and wealth management — direct competitor to Banco Aliado in corporate banking and trade services anchored to the Colón Free Zone.
• Banco Multibank: Panamanian commercial bank (now operating under Superbancos brand) providing consumer and corporate banking products — directly competes with Banco Aliado in retail deposits, credit cards, and SME lending.
• Global Bank Corporation: Panamanian commercial bank offering retail and corporate banking, factoring, leasing, and trade services — directly comparable mid-sized full-service competitor with similar conglomerate-style product breadth.
• BAC Credomatic: Central American regional bank with strong Panama presence offering retail deposits, mortgages, credit cards, and commercial banking — directly comparable multi-product offering and competitive threat in Panama retail and SME segments.
• Banesco Panama: Panamanian commercial bank offering retail deposits, mortgages, credit cards, and SME banking — directly comparable mid-tier competitor in Panama with similar focus on retail and commercial customer segments.

Emerging players

• Bancolombia: Colombia's largest commercial bank and parent of Banistmo, offering full-service retail, commercial, and investment banking — comparable full-service commercial bank with significantly larger scale, used as a benchmark for what an aggregated Panama franchise could become.

Broad incumbents

• BCP - Banco de Crédito del Perú: Peru's largest universal bank offering retail deposits, mortgages, commercial banking, factoring, and wealth management — comparable full-service commercial bank with mid-sized-bank margins and conglomerate-style product breadth.
• Scotiabank Panama: Subsidiary of Canadian-headquartered Scotiabank, offering retail, commercial, and wealth banking in Panama — a broader incumbent competing for the same corporate and HNW clients Banco Aliado serves, with global product capabilities Banco Aliado lacks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bancoaliado
• LinkedInlinkedin.com/company/banco-aliado
• Instagraminstagram.com/bancoaliado
• Xx.com/bancoaliado

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banco Aliado