The company was established in July 20th, 2001, and started its activity in March 1st, 2002, under an international license granted by the "Superintendencia de Bancos", de la Repblica de Panam. Ocean=a Business Plaza, Torre 2000, Piso 22, Oficinas C y D, Ciudad de Panam, Repblica de Panam 30,000 common shares, with a book value of USD1,000.00, being 100% owned by "Espirito Santo Financial Group, S.A." (ESFG) All kind of foreign banking operations and all activities duly authorized by the "Superintendencia de Bancos", de la Repblica de Panam.