Company Profile
A brief company history
What is today Banco La Hipotecaria and Subsidiaries began operations in the Republic of Panamá in May of 1997, as a non-regulated mortgage finance company. In 2004 the shareholders launched operations in El Salvador as a non-regulated mortgage finance company under the name “La Hipotecaria, S.A. de C.V.”. In 2010 the firm’s Panama operations became a regulated deposit-taking banking entity upon obtaining a banking license from the Banking Superintendence of Panama.
In 2011, shareholders launched operations in Colombia under the name “La Hipotecaria de Colombia, S.A.”, a non-regulated mortgage finance company and in April of 2014, launched a second firm in Colombia, named “La Hipotecaria Compañía de Financiamento”, a regulated deposit-taking financial entity supervised by the Financial Superintendence of Colombia. Shortly thereafter, this new regulated company absorbed the lending operations of La Hipotecaria’s non-regulated operations in Colombia. In the same month, both La Hipotecaria, S.A. de C.V. (El Salvador) and La Hipotecaria Compañía de Financiamento (Colombia) became subsidiaries of Banco La Hipotecaria in Panama, thus placing all three operating entities under the regulatory umbrella of the Banking Superintendence of Panama.
Today, the three operating companies of La Hipotecaria employ 247 full-time salaried employees in Panama, El Salvador and Colombia and administer a residential loan portfolio held as assets on its balance sheet or as securitized loans, of over 30,000 mortgage whose principal balance exceeds US$925,000,000. La Hipotecaria enjoys the support of many international banks and multilateral lending instructions that provide the company with warehousing lines of credit (see credit lines) and that of numerous institutional investors who invest in various the financial instruments issued by La Hipotecaria in local and international markets.