Banco General is a Panamian credit institution founded in 1955. Banco General operates as a universal bank offering retail and corporate banking and wealth management products and services in Panama and Costa Rica.
Banco General (Overseas), Inc. has Category B banking license number 85005 issued by the Cayman Islands Monetary Authority. This type of license allows Banco General (Overseas), Inc. to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Banco General (Overseas), Inc. failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Banco General (Overseas), Inc. failure its depositors will not be paid out any compensation.