Banistmo

Banistmo is the second largest bank in Panama and is the only bank in the country listed in the Dow Jones Sustainability Index.

About Banistmo

Banistmo has operated in the Panamanian market since 1973 and today is part of Grupo Bancolombia – one of the leading Latin American bank conglomerates serving 9 million clients in 10 countries. In addition to a variety of consumer and corporate banking services, Banistmo provides financial leasing, trust asset management, payment, registry, brokerage and securities trading services. The bank has more than 1 million clients, which it serves through a network of 55 full-service branches. Banistmo has a market share of 12 percent and a loan portfolio market share of 14 percent.

The Program

As part of its service-oriented approach, the bank is committed to listening to clients’ needs and providing them with the solutions that meet them. Banistmo recognized the potential that can be unleashed in the Women’s Market by providing women entrepreneurs with such tailored solutions, and is developing a program for women that supports them through every step of their entrepreneurial journeys – from access to finance to advisory services, financial education, mentoring programs and entrepreneurship promotion programs.

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WOMEN AT
BANISTMO

39 percent of
the bank’s
customers are
women.

65 percent of
Banistmo
employees are
women.

The Opportunity - Panama

  • 72%

    of women in Panama participated in the labor force as of 2017, Findex estimates.
  • 42%

    of Panamanian women had an account at a formal financial institution as of 2017, Findex found.
  • 11%

    of women in the country saved at a formal financial institution in 2017, but 42% engaged in savings behavior that year, Findex reported.
  • 7%

    of Panamanian women took out a loan at a bank in 2017, according to Findex, but 28% of women borrowed money from somewhere that year.