Atlas Bank

Atlas Bank, a Panamanian banking institution, is currently undergoing a forced liquidation process as mandated by the Superintendency of Banks of Panama. The bank, established in accordance with Panamanian laws, is in the process of selling its assets and settling recognized creditor claims without intermediaries.

The liquidation process involves the issuance of resolutions that outline the categorization of claims and the exclusion of certain funds from the liquidation mass. As the bank advances in its asset sales, it emphasizes the significant disparity between recoverable assets and recognized liabilities, indicating a cautious outlook on recovery expectations.

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