The confidence of Panamanian and foreign savers is reflected in the amount of deposited funds in the countries banks, which has grown considerably in the last few years.
Of all the money deposited in the system, internal funds have shown the greatest growth, which at the end of the third quarter was 11% more than in the same period in 2010.
According to an article in prensa.com: “these funds have registered the most growth of all the deposits, reaching $55,557 million, according to data collected from the Superintendency of Banks. The accounts, “at a glance”, add up to $5,699.8 million, representing a 25.82% increase or $1.169 million.”
Source: Prensa.com
More on this topic
February 2011
Total savings reported in 2010 were $ 3,389 million, 13.6% higher than 2009.
According to information from the Superintendence of Banks, the total reported by the banking system in 2009 was $ 2,982 million.
"This data shows that most savings are kept in Quetzales. ... In December of last year the total was $ 2.927 million, 13% more than the $ 2.672 million reported in 2009", reported Sigloxxi.com.
August 2011
Most of the savings are held by individuals and local licensed banks.
Total deposits rose from about $28 billion in 2006 to more than $54 billion currently, according to the Panamanian Superintendency of Banks.
Of the total, 77% corresponds to savings by individuals, while 85% of them are deposited in banks with a national license.
July 2010
In May 2010 there were 13,523 accounts with balances greater than $125,000, 10% more than in the same month of 2009.
According to data from the Guatemalan banking regulator, these accounts make up 47.5% of all deposits and total $7.2 billion.
Analyst Miguel Gutiérrez comments for pa-digital.com.pa.
January 2012
Authorities state that foreign agents are showing confidence in the rise of the Panamanian economy and its prospects.
Savings from foreign clients in the financial system in Panama increased by almost 19% last year compared to 2010. In November 2011, foreign deposits totaled $24,635,000,000, an increase of 18.78%, or $3,895,000 more than in November 2010, when it was $20,740,000,000 according to data from the Superintendency of Banks in Panama (SBP).
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2015
