Metrobank: The Panamanian Bank with the Most Profits in 2008

Among the banks with national capital, Metrobank had the highest net income growth (462%) during 2008.

Tuesday, March 31, 2009


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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."

More on this topic

Profits Up 102% At Metrobank Panama

April 2010

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”.

Panama's Metrobank counts cost of new technology

May 2008

Panama's Metrobank is happy with its results despite an annual net profit of only $405,000, up from US$375,000 the previous year.

Rolando J. De León, Metrobank's operations manager said that the arrival of new shareholders and a new management had meant a restructuring that was costly in terms of technology and human resources.

Panamanian Cooperatives Increase Profits by 50%

May 2009

At the close of fiscal year 2008, net income was $18 million, according to the Panamanian Autonomous Cooperative Institute (IPACOOP).

There are currently 458 cooperatives, of which 86% closed with profits, said Ramón Rodríguez, IPACOOP deputy executive.

Wilfredo Jordán reported the deputy director’s statements: "Cooperative profits are recorded after discounting 35% for reserves or social support.

Grupo Assa Gets Foothold in the Region

May 2011

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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