FINANCIERA PRONTO CASH IS BORN | HISTORY | The Birth of Financiera Pronto Cash SA |

 Incorporation

 

FINANCIERA PRONTO CASH S.A. is a private Financiera in the Republic of Panama with successful shareholders and staff who have demonstrated their financial knowledge and expertise around the world.  Accountants, Bankers, Lawyers, Auditors and Administrators from major corporations around the world with a solid base for Due Diligence, Compliance and Management.

 The Financiera was established in 2006 to succeed in The Republic of Panama for a financial institution capable of creating loans and capital for the average every day working man or woman in The Republic of Panama. Not as a competitor to the many credible banks, but rather an enhancement to people unable to obtain credit with the banks and to establish the people with a credit rating.

•           Organizational restructuring where the organizational structure was comprehensively decentralized and designed to make FINANCIERA PRONTO CASH S.A. (FPC) more customer oriented, more accountable in Panama and also with ability to compete in the free market economy to create more capital for FPC.

Structure

•             Operational restructuring where operational policies and procedures were streamlined to make FPC more efficient and customer oriented in its operations.

•           Financial restructuring where FPC was to start operating on sound financial basis and fulfilled conditions and measures of financial soundness mainly as outlined by the Products and Services offered by FPC in Panama and now  in many Latin America countries (LAC), Canada and USA.

 

•           Human resource management where requirements for human resources were established and manpower downsizing was affected. To have optimum number of employees with respect to customers and Financiera profitability, employees had to be retrenched.

•           Experienced Compliance Officers were retained and also in house accountants, lawyers and a full legal department was established.

•           Measures were taken to ensure that jobs restructuring would stimulate employees to work; be more productive and aim higher.

•           Cultural change where new corporate culture attributes stressing on customer service and ability to compete were introduced to FPC staff.

•           Staff are taught that every person in the Republic of Panama is equal and deserves equal respect and attention.

Ownership

Shareholding diversification was one of the aspects of FPC financial restructuring. In an unprecedented exercise FPC became the first successful major private Financiera with Five Hundred Thousand  Balboa, as capital that involved only three of shareholders. 

The authorized share capital of Financiera in Panama is only Five Hundred Thousand Balboa presently; however, FPC also has assets exceeding that amount placed in Gold Certificates to insure the financial operation is smooth and efficient in Panama and on a global basis. 

FINANCIERA PRONTO CASH S.A. is a Financiera that cares for its customers and has the capacity to advise its clients. It is a Financiera committed to responsible development of Panama, its economy and society by financing only environmentally friendly projects.