For 2008, the bank reported $2.2 million in net income, an increase of 462% compared with 2007 which closed with $405,158.
According to Prensa.com, Rolando de León, vice president of the bank's treasury, said that "this exponential result is a direct consequence of the increase reflected by the balance in the loan portfolio which concentrates on the corporate and business segment and is our main business niche."
In 2009 the bank made a net profit of $4.6 million, 102% more than 2008.
“This is a result of the bank consolidating its corporate and commercial businesses and a more efficient use of liquid assets, especially when investing in Panamanian Sovereign Bonds, commented Rolando de León, Tresury vice president”.
In 2010 the insurance company's profits grew by 24% in 2009.
The regional growth strategy established five years ago has yielded great results. The significant increase in income is due, in large part, to the company’s operations in Panama, Costa Rica, Nicaragua and El Salvador.
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