After obtaining regulatory approval, Global Bank recently completed its acquisition process of Banvivienda, a purchase valued at more than US$ 240 million. AFRA advised Global Bank on this transaction, which resulted in Global Bank acquiring 99.97% of the shares of Banvivienda. This integration has strengthened Global Bank as the second largest private Panamanian bank in terms of assets, loans and savings accounts. Banvivienda was the fifth largest private Panamanian bank, and contributed assets in excess of US$ 1,8 billion for this transaction. Partners Luis R. López Alfaro, Roberto Harrington, Ricardo Moreno and María Alejandra Cargiulo, and associates Ana Cristina Negrón and Ana Raquel Sedda, were part of this transaction.