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Banco Delta, S.A. officially opened its doors on July 3, 2006 as the second microfinance bank established in Panama. It was born as a result of the initiative and vision of the Board of Directors of Grupo Financiero Delta Corp. with the mission to offer micro and small business entrepreneurs financial solutions that allow them to grow their businesses and improve their quality of life.
Since its creation, Banco Delta has become the leading financial institution in microfinance in Panama, offering innovative credit, insurance and savings products for the micro and small business segment throughout the country, leveraging more than 40 years of experience as Grupo Financiero Delta Corp. and with the support of a committed human resource.
Banco Delta has maintained sustained growth in recent years, resulting in significant improvements in its risk ratings and the granting in 2014 of the General Banking License by the Superintendency of Banks of Panama.
Banco Delta’s Board of Directors is comprised of nationally and internationally recognized executives and businessmen who attest to Banco Delta’s solidity and trustworthiness.
Grupo Financiero Delta, Corp. was established in 1972; its specialty is the financing of vehicles, machinery, technical equipment and heavy equipment, for personal use or consumption as well as for production and income generation in the different branches of the country’s economic activity.
In order to diversify its operations, in 1986, Grupo Financiero Delta acquired all the shares of Leasing de Panamá, S.A., a company founded in 1981 and a pioneer in the leasing industry in Panama, which had a financial leasing portfolio of close to B/.2.0 million.
In 1996, simultaneously with its growth in Panama, Grupo Financiero Delta made efforts to expand into Central America and organized Financiera Delta, S.A. in Nicaragua, in conjunction with a group of Nicaraguan businessmen. In 2002, Delta sold its stake in Financiera Delta, S. A. Nicaragua and injected resources and strengthened the financial position of its operation in Panama.
In January 2004, Grupo Financiero Delta acquires 100% of the issued and outstanding shares of Capital Leasing & Finance, Inc. and its subsidiary Financiera Capital Internacional, S.A., a company founded in 1990, engaged in financing the acquisition of vehicles and equipment through financial leasing. In April 2004, Grupo Financiero Delta merged Financiera Capital Internacional, which until then had been a subsidiary of Grupo Financiero Delta, and which was engaged in personal loans, factoring, real estate collateralized loans and vehicle financing.
In July 2005, Leasing de Panamá, S.A. merged Capital Leasing & Finance Inc. by absorption, as part of the process of simplifying the corporate structure and the continuous search for improvements in operating efficiency.
On July 3, 2006, Grupo Financiero Delta officially became Banco Delta, S.A. (BMF) after obtaining the Microfinance Bank license from the Superintendency of Banks of Panama, quickly becoming the leading microfinance bank in the country.
In 2014, the Superintendency of Banks of Panama granted Banco Delta a General Banking license, allowing it to expand its operations, always focused on promoting the growth of micro and small businesses in Panama and the region.
