Trust Resolutions

Resolution SBP-FID-R-2024-00520.

To authorize MERCANTIL TRUST & FINANCE, INC. to amend its articles of incorporation and to change its company name to “MMG FIDUCIARY SERVICES, INC.”

Resolution SBP-FID-R-2024-00460.

To authorize the appointment of Mr. Francisco Javier Lee Marrero as new Liquidator, made by CONFEDERACION LATINOAMERICANA DE COOPERATIVAS DE AHORRO Y CRÉDITO, R.L. (COLAC), so that, henceforth, said position will be exercised by him in replacement of Mr. Cassius Edgar Spalding Pineda, to continue with the authorized Liquidation Plan.

Resolution SBP-FID-R-2024-00446.

Authorize the transfer of 30% of the shares held by Edna Ramos Chue in ILH TRUST (PANAMÁ) INC. to Ricardo Enrique Icaza Huertas.

Resolution SBP-FID-R-2024-00439.

To authorize the transfer of the 100% issued and outstanding shares of MERCANTIL TRUST & FINANCE, INC. owned by MERCANTIL BANCO, S.A. in favor of MMG TRUST, S.A. pursuant to the terms established in the proposed transaction.

Resolution SBP-FID-R-2024-00186.

To authorize the company name change from LATIN TRUST & CONSULTING, INC. (LT&C) to COLAC TRUST, INC. (CTI).

Resolution FID No. 0132 (2023).

Change in corporate name.

Resolution FID No. 01031 (2023).

Authorize Multi Trust, Inc. to initiate the voluntary liquidation process of the operations under the trust license.

Resolution FID No. 9 (2022).

Authorize the transfer of shares – ILH TRUST (PANAMÁ) INC.

Resolution FID No. 7 (2022).

To rescind Resolution FID 10-98 dated 7 September 1998, issued by the National Banking Commission, today known as Superintendency of Banks, by means of which a trust license was granted to COOPERATIVA DE SERVICIOS MÚLTIPLES PROFESIONALES, R.L. and to cancel said license

Resolution FID No. 6 (2022).

To rescind Resolution FID 5-97 dated 17 October 1997, by means of which a Trust License was granted to Servicios Fiduciarios, S.A. or Trust Services, S.A. and to cancel said trust license

Resolution FID No. 4 (2022).

To rescind Resolution FID 11-2004 dated 29 July 2004, by means of which a Trust License was granted to Balboa Bank & Trust, Corp. and to cancel said trust license

Resolution FID No. 1 (2022).

To approve the appointment of Mr. José Joaquín Ledezma Peralta as new liquidator, replacing Ms. Isis Reyna de Bazán.

Resolution FID No. 16 (2021).

To rescind Resolution SBP-FID-0020-2013 dated 19 August 2013 by means of which a Trust License was granted to CG Secure Trust Corp. and to cancel said trust license.

Resolution FID No. 10 (2021).

To authorize the transfer of issued and outstanding shares held by RRR Enterprise, S.A.

Resolution FID No. 08 (2021).

To authorize Progreso, Administradora Nacional de Inversiones, Fondos de Pensiones y Cesantía, S.A. to change its corporate name to Progreso AFPC, S.A.

Resolution FID No. 06 (2021).

To authorize the transfer of the 62.56% of the shares of TURKOISE FOUNDATION in K & B HOLDING GROUP INC., holder of the shares of K & B TRUST SERVICES CORP., to LEGRANDBLEU FOUNDATION, pursuant to the terms established in the proposed transaction

Resolution FID No. 05 (2021).

To grant Fortesza Trust, S.A. a trust license to engage in the trust business in or from the Republic of Panama.

Resolution FID No. 03 (2021).

To authorize the transfer of 225 shares, owned by Erwin Kurt Thomas, and 225 shares, owned by Edna Ramos Chue.

Resolution FID No. 02 (2021).

Whereby reporting requirements for trust companies are established.

Resolution FID No. 01 (2021).

To authorize Servicios Fiduciarios, S.A. or Trust Services, S.A. to start the voluntary liquidation of its trust operations.

Resolution FID No. 17 (2020).

To authorize the change of corporate name from FMM Trust, S.A. to FIM Trust, S.A.

Resolution FID No. 16 (2020).

To rescind Resolution FID 4-93 dated 23 November 1993 by means of which a Trust License was granted to Fiduciaria Mossfon, S.A. or Mossfon Trust Corporation and to cancel the aforementioned trust license

Resolution FID No. 14 (2020).

By means of which the trust examination fees are temporarily reduced

Resolution FID No. 13 (2020).

To rescind Resolution FID 5-98 dated 22 April 1998, issued by the National Banking Commission, today known as Superintendency of Banks, by means of which a Trust License was granted to Bac International Bank, Inc. and to cancel the aforementioned trust license.

Resolución FID No. 12 (2020).

Que, K & B HOLDING GROUP INC. y K & B TRUST SERVICES CORP., presentaron, solicitud de autorización para el traspaso, mediante la transferencia de la totalidad de la participación accionaria que mantiene CLARAMAR HOLDING FOUNDATION, que representa el 40.3.

Resolution FID No. 09 (2020).

To grant Professional Trust a 6-month extension to start fiduciary operations

Resolution FID No. 08 (2020).

To authorize Bac International Bank, Inc. to start the voluntary liquidation process of tis trust operations under its trust license in accordance with the terms stated in the liquidation plan submitted to the Superintendency.

Resolution FID No. 07 (2020).

To authorize the transfer of the shareholding of Claramar Holding Foundation, representing the 40.30% of the shares of K & B Holding Group, Inc., holder of the shares of K & B Trust Services Corp. to Turkoise Foundation, pursuant to the terms established in the proposed transaction.

Resolution FID No. 06 (2020).

To rescind Resolution FID 4-94 dated 25 November 1994, issued by the National Banking Commission, today known as Superintendency of Banks, by means of which a Trust License was granted to Scotiabank (Panamá), S.A. and to cancel the aforementioned trust license

Resolution FID No. 05 (2020).

To rescind Resolution FID 3-2006 dated 31 March 2006 by means of which a Trust License was granted to Mundial Servicios Fiduciarios, S.A. (in Spanish) or Mundial Trust Services Corp. (in English) and to cancel the aforementioned trust license.

Resolution FID No. 04 (2020).

To authorize the transfer of the shares of GCP Financial Services, S.A. representing the one hundred percent (100%) of the issued and outstanding shares of Auto Trust, Inc. to Financial Warehousing of Latin America Inc. (FWLA), pursuant to the terms established in the proposed transaction.

Resolution FID No. 03 (2020).

To recognize the effects of the transfer of up to 100% of the issued and outstanding shares of Multi Financial Group, Inc. to Leasing Bogotá S.A. Panamá authorized by means of Resolution SBP-0053-2020 dated 24 March 2020, for the trust operations of Multi Trust, Inc.

Resolution FID No. 31 (2019).

To rescind Resolution SBP-FID 4-2002 by means of which THE GENERAL TRUST COMPANY, S.A. was granted with a Trust License

Resolution FID No. 29 (2019).

To authorize GC Secure Trust Corp. to start the Voluntary Liquidation of its operations

Resolution FID No. 22 (2019).

To authorize Confederación Latinoamericana de Cooperativas de Crédito, R.L. (Colac) to start the voluntary liquidation process

Resolution FID No. 19 (2019).

To grant Uni Trust, Inc. a trust license to engage in the trust business

Resolución FID No. 17 (2019).

Otorgar Licencia Fiduciaria a favor de LATIN TRUST & CONSULTING, INC (LT&C), para ejercer el Negocio de Fideicomiso en o desde la República de Panamá.

Resolution FID No. 16 (2019).

To authorize Cooperativa de Servicios Múltiples Profesionales, R.L. to start the voluntary liquidation process

Resolution FID No. 15 (2019).

To rescind Resolution FID 5-2010 by means of which a Trust License was granted to Aramo Fiduciary Services, Inc. and to cancel that trust license

Resolution FID No. 13 (2019).

To authorize the amendment to the Articles of Incorporation of OWA TRUST (PANAMA) CORP.

Resolution FID No. 12 (2019).

To grant Professional Trust, S.A. a trust license to engage in the trust business

Resolution FID No. 08 (2019).

To authorize the merger by absorption between Global Financial Funds Corporation and Mundial Trust Services Corp.

Resolution FID No. 06 (2019).

To grant a four-month extension to Cooperativa de Servicios Múltiples Profesionales R.L.

Resolution FID No. 05 (2019).

Four-month extension to comply with the provisions of Law 21 of 2017.

Resolution FID No. 01 (2019).

To rescind Resolution SBP-FID-0013-2012 dated 10 September 2012. Issued by the Superintendency of Banks, by means of which a Trust License was granted to Action Trust, S.A. and to cancel that Trust License.

Resolution FID No. 37 (2018).

To recognize the transfer of shares. MUNDIAL SERVICIOS FIDUCIARIOS, S.A.

Resolution FID No. 36 (2018).

Whereby the methodology for calculating the trust examination costs is established

Resolution FID No. 34 (2018).

To grant a 4-month extension to Confederación Lationamericana de Cooperativas de Ahorro y Crédito, R.L. (COLAC).

Resolution FID No. 33 (2018).

To rescind and cancel the trust license granted to Eskimor Trust Corp.

Resolution FID No. 32 (2018).

To rescind and cancel the trust license granted to Pichincha Trust, S.A.

Resolution FID No. 30 (2018).

To rescind Resolution SBP-FID-0016-2015 by means of which a trust license was granted to Family Wealth Trustees, S.A.

Resolution FID No. 29 (2018).

To authorize ABS Trust, Inc. to start the voluntary liquidation process of its operations.

Resolution FID No. 23 (2018).

To grant a 4-month extension to Cooperativa de Servicios Múltiples Profesionales, R.L. to comply with the provisions of Law 21 of 2017.

Resolution FID No. 22 (2018).

To grant a 4-month extension to Confederación Latinoamericana de Cooperativas de Ahorro y Crédito, R.L. (Colac) to comply with the provisions of Law 21 of 2017.

Resolution FID No. 17 (2018).

To authorize Aramo Fiduciary Services, Inc. to start the voluntary liquidation process of its operations.

Resolution FID No. 15 (2018).

Rescind Resolution FID 5-95 dated 30 November 1995 granted to Assa Compañía de Seguros, S.A.

Resolution FID No. 14 (2018).

Voluntary liquidation of The General Trust Company, S.A.

Resolution FID No. 12 (2018).

To grant 4-month extension to Confederación Latinoamericana de Cooperativas de Ahorro y Crédito, R.L. to comply with the provisions of Law 21 of 2017

Resolution FID No. 10 (2018).

To grant 4-month extension to Cooperativa de Servicios Múltiples Profesionales, R.L. to comply with the provisions of Law 21 of 2017

Resolution FID No. 08 (2018).

To authorize Action Trust, S.A. to start the voluntary liquidation process

Resolution FID No. 05 (2018).

To authorize Assa Compañía de Seguros, S.A. to start the voluntary liquidation process

Resolution FID No. 04 (2018).

To authorize Pichincha Trust, S.A. to start the voluntary liquidation process

Resolution FID No. 03 (2018).

To authorize Family Wealth Trustees S.A. to start the voluntary liquidation process

Resolution FID No. 02 (2018).

To authorize Eskimor Trust Corp. to start the voluntary liquidation process

Resolution FID No. 24 (2017).

To grant Bi-Bank, S.A. a Trust License

Resolution FID No. 23 (2017).

To grant Cooperativa de Servicios Múltiples Profesionales, R.L. a Trust License

Resolution FID No. 22 (2017).

To grant Confederación Latinoamericana de Cooperativas de Ahorros y Créditos, R.L. (COLAC) a Trust License

Resolution FID No. 19 (2017).

To grant Canal Fiduciaria, S.A. a Trust License

Resolution FID No. 13 (2017).

To cancel the Trust License granted to PANACORP FIDEICOMISOS, S.A.

Resolution FID No. 11 (2017).

To authorize the transfer of 1005 of the shares of ISTMO TRUST, CORP., a subsidiary of ISTMO COMPAÑÍA DE SEGUROS, INC. to SECURE HOLDINGS CG, CORP.

Resolution FID No. 07 (2017).

To authorize the transfer of thirty percent (30%) of the issued and outstanding shares of ABS TRUST, INC.

Resolution FID No. 06 (2017).

To grant Imperial Trust Corp. a Trust License

Resolution FID No. 03 (2017).

To cancel the trust license granted to CREDICORP FONDO DE PENSIONES Y CESANTÍA, S.A.

Resolution FID No. 02 (2017).

To authorize Assets Trust & Corporate Services, Inc. to repurchase 15.53 issued and outstanding shares

Resolution FID No. 01 (2017).

To cancel the Trust License granted to JESED TRUST, INC.

Resolución No. 64 (2016).

Autorizar el cambio de nombre de la Licencia Fiduciaria de BANCO CITIBANK (PANAMÁ), S.A. por la de SCOTIABANK (PANAMÁ), S.A. otorgada mediante Resolución FID No. 4-94 de 25 de noviembre de 1994, en virtud de la Resolución SBP-0036-2016 de 1 de febrero de 2016 que autorizó a BANCO CITIBANK (PANAMÁ), S.A. a cambiar su razón social por la de SCOTIABANK (PANAMÁ), S.A.

Resolution FID No. 16 (2016).

To authorize the transfer of 38% of the issued and outstanding shares of FINANCIAL WAREHOUSING OF LATIN AMERICA, INC. owned by BG INVESTMENT CO., INC. to FINANZAS GENERALES, S.A.

Resolution FID No. 15 (2016).

To cancel the Trust License granted to Central Latinoamericana de Valores, S.A.

Resolution FID No. 14 (2016).

To authorize the transfer of 100% of the shares of CENTRAL FIDUCIARIA, S.A. to GRUPO FINANCIERO CF, S.A.

Resolution FID No. 13 (2016).

To cancel the trust license granted to ALIANZA FIDUCIARIA (PANAMÁ), S.A.

Resolution FID No. 9 (2016).

To authorize the transfer of 100% of the shares of Owens & Watson Trust Corp.

Resolution FID No. 8 (2016).

To authorize the transfer of five hundred of the issued and outstanding shares of LOVILL TRUST, S.A.

Resolution FID No. 6 (2016).

To cancel the Trust License granted to Mapfre Panamá, S.A.

Resolution FID No. 4 (2016).

To authorize SEWOLL FOUNDATION to transfer its ten percent of the shares of FINANCIAL WAREHOUSING OF LATIN AMERICA, INC. to RRR ENTERPRISE, S.A.

Resolution FID No. 26 (2015).

To authorize Citibank Overseas Investment Corporation to transfer 100% of the issued and outstanding shares of Banco Citibank (Panamá), S.A. and its subsidiary to Scotiabank Caribbean Holdings, Ltd.

Resolution FID No. 16 (2015).

To grant T & F Trust Corp. a Trust License to engage in the trust business in and from the Republic of Panama.

Resolution FID No. 9 (2015).

TO DENY the Recourse of Reconsideration filed against Resolution SBP-FID-0007-2015 dated 13 February 2015, without changes to any of its parts.

Resolution FID No. 7 (2015).

Cancelation of the Trust License held by PANTRUST INTERNATIONAL, S.A.

Resolution FID No. 2 (2015).

To authorize PLATINUM INTERNATIONAL TRUST, S.A. to use the name “PLATINUM TRUST COMPANY” as a trade name

Resolution FID No. 1 (2015).

To authorize BPA INTERNATIONAL TRUST, S.A. to change its corporate name to PLATINUM INTERNATIONAL TRUST, S.A.

Resolution FID No. 37 (2014).

To atuthorize BPA International Trust, S.A. to transfer 100% of its issued and outstanding shares to Platinum Overseas Holding, S.A.

Resolución FID No. 28 (2014).

Cancelación de Licencia Fiduciaria PANTRUST, S.A.

Resolution FID No. 27 (2014).

To authorize the transfer of all of the shares of PROGRESO, owned by BANCO PANAMEÑO DE LA VIVIENDA, S.A., to GLOBAL BANK CORPORATION.

Resolution FID No. 26 (2014).

To authorize FIDUCIARIA DEL ISTMO CORP. (in Spanish) or DEL ISTMO TRUST CORP. (in English) to change its corporate name to ISTMO TRUST CORP.

Resolution FID No. 24 (2014).

To authorize INPERIB TRUST, CORP. to change its corporate name to IPAL TRUST CORP.

Resolution FID No. 23 (2014).

To grant Lovill Trust, S.A. a Trust License to engage in the Trust Business

Resolution FID No. 22 (2014).

To grant BHD International Bank (Panamá), S.A. a Trust License to engage in the trust business from the Republic of Panama

Resolution FID No. 16 (2014).

To grant Universal and International Trust Corp. a Trust License to engage in the Trust Business

Resolution FID No. 15 (2014).

To recognize the effects of the Absorption Merger Agreement by and between GARANTRUST, S.A., CIESA CONSULTING, S.A. and MMG BANK CORPORATION

Resolution FID No. 13 (2014).

To grant INPERIB TRUST, CORP. a Trust License to engage in the Trust Business in and from the Republic of Panama.

Resolution FID No. 12 (2014).

To cancel the Trust License granted to Metrobank, S.A

Resolution FID No. 28 (2013).

To grant CAPITAL & ASSETS FIDUCIARY SERVICES, S.A. (CAFS) a trust license

Resolution FID No. 27 (2013).

To grant Alianza Fiduciaria (Panamá), S.A. a Trust License to engage in the trust business in and from the Republic of Panama

Resolution FID No. 25 (2013).

To authorize the change of corporate name from HSBC INVESTMENT CORPORATION (PANAMÁ), S.A. to BANISTMO INVESTMENT CORPORATION, S.A.

Resolution FID No. 24 (2013).

To authorize the change of corporate name from HSBC BANK (PANAMÁ), S.A. to BANISTMO, S.A. for the purposes of the Trust License

Resolution FID No. 23 (2013).

To authorize the transfer of 100% of the shares of HSBC INVESTMENT CORPORATION (PANAMÁ), S.A. to BANCOLOMBIA

Resolution FID No. 22 (2013).

To authorize the transfer of 100% of the shares of HSBC BANK (PANAMÁ), S.A. to BANCOLOMBIA, S.A.

Resolution FID No. 20 (2013).

To grant Fiduciaria Del Istmo Corp. (in Spanish) or Del Istmo Trust Corp. (in English) a trust license to engage in the trust business in and from the Republic of Panama.

Resolution FID No. 16 (2013).

To grant Central Fiduciaria, S.A. in Spanish (Central Trust, Inc. in English) a trust license to engage in the trust business in and from the Republic of Panama.

Resolution FID No. 10 (2013).

Whereby the Trust License granted to Banco Panameño de la Vivienda, S.A. is cancelled

Resolution FID No. 09 (2013).

To grant GARANTRUST, S.A. a Trust License to engage in the trust business in and from the Republic of Panama

Resolution FID No. 08 (2013).

To cancel the trust license granted to BANCO SANTANDER (PANAMÁ), S.A. (formerly known as Banco Comercial Antioqueño, S.A.) by FID Resolution 4-95 dated 3 October 1995, and rescind that Resolution

Resolution FID No. 07 (2013).

To grant METROTRUST, S.A. a trust license to engage in the trust business in and from the Republic of Panama

Resolution FID No. 03 (2013).

To recognize the transfer of shares already made between MARDEL INVESTMENTS INC. and FINANCIAL WAREHOUSING OF LATIN AMERICA, INC.

Resolution FID No. 01 (2013).

To grant K & B Trust Services Corp. a Trust License to engage in the Trust Business in or from the Republic of Panama.

Resolution FID No. 17 (2012).

Whereby the trust license granted to Uni Bank & Trust, Inc. is cancelled

Resolution FID No. 16 (2012).

ALCOGAL TRUST – To authorize the transfer of shares to Apex International (Cyprus) Limited

Resolution FID No. 14 (2012).

To grant ST. GEORGES BANK & COMPANY, INC. a Trust License

Resolution FID No. 13 (2012).

To grant Action Trust, S.A. a Trust License

Resolution FID No. 12 (2012).

To authorize the transfer of 10% of the issued and outstanding shares (124 shares of common stock) from ABS TRUST, INC. to GRUPO ESTRATEGIAS TENEDORA, S.A.

Resolution FID No. 11 (2012).

To cancel the Trust License granted to BNP PARIBAS PANAMA BRANCH by FID Resolution 1-85 dated 12 April 1985, and rescind that Resolution.

Resolution FID No. 10 (2012).

To cancel the Trust License granted to BANISTMO CAPITAL MARKETS GROUP, INC. by FID Resolution 2-90 dated 8 November 1990, and rescind that Resolution.

Resolution FID No. 20 (2011).

To cancel the Trust License granted to BNP PARIBAS WEALTH MANAGEMENT by FID Resolution No. 001-2006 dated 8 February 2006. To rescind S.B.P. Resolution No. 003-2006 whereby BNP PARIBAS WEALTH MANAGEMENT was granted a General License to engage in the banking business within or from the Republic of Panama

Resolution FID No. 10 (2011).

Atlantic Security Bank informed of its decision to withdraw the Trust License application in the name of ASB Trust Company, Ltd.

Resolution FID No. 8 (2011).

To grant to BPA INTERNATIONAL TRUST, S.A. a Trust License to engage in the Trust Business within or from within the Republic of Panama

Resolution FID No. 7 (2011).

To grant to OWENS & WATSON TRUST CORP. a Trust License to engage in the Trust Business within or from within the Republic of Panama

Resolution FID No. 6 (2011).

To grant to GLOBAL BANK CORPORATION a Trust License to engage in the Trust Business within or from within the Republic of Panama

Resolución FID No. 4 (2011).

Formalizar el cambio de razón social de ASEGURADORA MUNDIAL, S.A. por la de MAPFRE PANAMÁ, S.A.

Resolución FID No. 2 (2011).

Fusión entre CENTRAL LATINOAMERICANA DE VALORES, S.A. y NEWCO LC, S.A.

Resolution FID No. 1 (2011).

To grant to PRIVAL TRUST, S.A. a Trust License to engage in the Trust Business in or from the Republic of Panama

Resolution FID No. 11 (2010).

To grant to CAPITAL TRUST & FINANCE, INC., a Trust License to engage in the Trust Business in or from the Republic of Panama.

Resolution FID No. 10 (2010).

To grant to SCOTIA INVESTMENTS PANAMÁ, S.A. a Trust License to engage in the Trust Business in or from the Republic of Panama...

Resolution FID No. 7 (2010).

To grant to UNI BANK & TRUST, INC., a Trust License to engage in the Trust Business in or from the Republic of Panama

Resolution FID No. 6 (2010).

To authorize the transfer of total shares of Meter Robin Baily in TRUST SERVICES, S.A. to Derek R. Sambrook. Published in Official Gazette 26615-A of 7 September 2010.

Resolution FID No. 5 (2010).

To grant a Tust License to ARAMO FIDUCIARY SERVICES, INC. to engage in the Tust Business in or from the Republic of Panama. Pending publication in O.G.

Resolution FID No. 2 (2010).

To authorize to STANFORD BANK (PANAMÁ), S.A. to change its corporate name to BALBOA BANK & TRUST, CORP.