Morgan & Morgan advised Mercantil Bank (Schweiz) AG, a Swiss entity specializing in private banking and wealth management, throughout the process of obtaining its Representative Banking License from the Superintendency of Banks of Panama (SBP). This license enables the bank to establish a representative office in Panama and carry out activities authorized by the SBP in accordance with current banking regulations.
Mercantil Bank (Schweiz) AG, headquartered in Zurich, is part of the international financial group of Mercantil Banco, which has a presence across the Americas and Europe. The bank operates under the supervision of the Swiss Financial Market Supervisory Authority (FINMA) and focuses on delivering tailored private banking solutions to international clients.
This milestone not only marks a strategic step in the international expansion of the Mercantil Group but also reinforces Panama’s position as a premier international banking center, attracting global financial institutions seeking to operate in a robust, transparent, and competitive regulatory environment.
Partner Roberto Vidal, international associate Miguel Arias M., and associate Katia Pallares, supported the client through all stages of the process—from legal structuring to the formal granting of the license.