LOS ANGELES, July 02, 2021 (GLOBE NEWSWIRE) -- POSTD Merchant Banque (OTC: PMBY) (“the Company''), is pleased to announce that it has acquired controlling interest in Banco PyME de la Comunidad SA. (Central Office: Cochabamba Av. Ballivian No. 0576). Banco PyME engages in Funds, Trusts and Other Financial Instruments and other Commercial Services. With over 400 employees, it operates offices/branches in the major cities in Bolivia including La Paz, Cochabamba, Beni, Pando, Potosi, Oruro, Taija, and Chuquisaca. The Banco PyME de la Comunidad SA website can be found at: www.bco.com.bo.
Great synergy has been achieved through this acquisition. PMB will integrate with Banco PyME as a fully licensed bank to commence comprehensive international banking operations. The union of the two banks will allow US operations to ramp up and establish its reputation in the banking industry. To this end, PMB-Banco PyME will pursue various types of major projects to ensure growth for the bank while it targets improvements to the human situation on a global scale. The near-term focus moving for PMBY will be to integrate US and Bolivian operations enabling the company to successfully achieve its strategic goals and objectives efficiently and effectively.
About POSTD Merchant Banque
POSTD Merchant Banque (PM Banque) is a duly registered non-depository financial institution that offers clients access to growth capital in the private markets through institutional debt or equity, far beyond what traditional banks can and will provide. Combining global reach with personal, bespoke service, we provide our clients with comprehensive corporate finance advisory services tailored to fit to your needs.
The company website can be found at: www.postdmerchantbanque.com
For more information please contact:
inquiries@postdmerchantbanque.com
(860) 822-5794
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.