Banesco S.A. (Banesco Panamá) is a private bank owned by Spanish holding company Banesco Holdings Financiero, S.L. that provides financial services for consumers and corporate clients in Panama. The bank provides online banking, title loans, lines of credit, certificates of deposit, checking and savings accounts. Additionally, the bank provides savings accounts for businesses and SME loans. Its wholly-owned subsidiary Banesco Seguros S.A. (Panamá), established in 2007, offers insurance for domestic clients. The firm has 23 financial centers, including headquarters in Panama City, and a network of 24 ATMs in the country. Internationally, Banesco has a representative office in Colombia, a subsidiary in the Dominican Republic (Banesco Banco Múltiple S.A.), and another in Curaçao, (Banesco N.V.). Banesco was first established in 1992 and was licensed to operate as a commercial bank in 2007.