Panama: Bank Credit Grew Very Little in 2017At the end of last year the banking system's loan portfolio ended up with a balance of $66,117 million, just 1.4% more than the $65,187 million reported at the end of 2016.Wednesday, March 28, 2018
The Comptroller General of the Republic reported that the moderate increase is partly explained by a contraction recorded by the external sector's portfolio, as between 2016 and 2017 it dropped from $16,557 to $14,560, which is equivalent to a 12% drop. Request more information: October 2018 Mortgage and personal loans continue to determine a significant part of the 5% increase in domestic credit to the private sector, recorded between July 2017 and the same month in 2018. June 2018 Up to February 2018, the growth rate of bank loans for trade, services, consumption and housing activities decreased considerably compared to the same period last year. January 2018 As of December 2017, the balance of the loan portfolio for private companies amounted to $5.926 billion, 5% more than in the same month in 2016.
February 2016 Up to December 2015 28% of the total banking portfolio was destined for consumption activities, 26% to the construction sector and 16% to service activities.
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