Deposits in Panama increase 24%
The total for the deposits portfolio in the National Banking System grew over the previous 12 months from October from $7.6 billion to 38.4 billion.
Wednesday, December 10, 2008
What has bankers concerned is that, in the medium term, the growth rate of the internal loan portfolio, which as of October was 18.4% regarding the same month in 2007, is greater than the rate of growth for deposits and that, as a consequence, they will not be able to satisfy the demand or see the portfolio grow.
The International Banking Center reported $118 billion in assets in 2015, $10 billion more than was recorded in 2014.
Growth in income and increased foreign investment explain part of the increase from the $49,730 million worth in deposits in August 2010 to $73,302 million in the same month this year.
In the first half of the year credit to the private sector grew by 8.7% compared to the same period in 2013, with construction, personal consumption and agricultural sectors being the most dynamic.
Banks operating in the market earned $904 million dollars in the first 10 months of this year.
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