1923 — Foundation
Velmont Private Reserve was established in Panama City. From the outset, the institution was structured as a private reserve house — not a retail operation — serving a defined membership of clients who required cross-border financial services and direct relationship management.
Private membership model
For over one hundred years, Velmont has operated exclusively for private clients. The institution has never offered public counter services, retail branches, or open account facilities. Every private reserve relationship is managed through appointed relationship officers at headquarters.
Continued operations
Throughout its history, Velmont has maintained a single head office in Panama City. The institution has expanded its service offering over time to include custody arrangements, cross-border transfers, lending, and payment instruments — all administered under the same relationship-led private reserve model.
Today
Velmont Private Reserve continues to operate from its head office in Panama City. The institution serves private and corporate members with multi-currency accounts, international transfers, custody services, lending, and payment cards — all administered from the Republic of Panama.