A NEW BANK tower  is heading for Calle 50 in the heart of Panama’s  banking district. The latest  glittering  structure will house the headquarters of Capital

The 23-story building will cost an estimated $40 million, said bank President Moisés Cohen.

As of June 30, the bank had accounts valued at $1.3 billion, an increase of $21 million from the previous year.

The bank has seven branches, and recently opened new branches in San Miguelito and La Chorrera.