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Panama: 17% Increase in New Loans

At the close of July, $11 billion worth of new loans were granted, 17% higher than in the same period last year.

Monday, October 10, 2011

Among the different sectors of the economy, mining, livestock and fisheries were those receiving the most new loans.

"The biggest increase registered, in terms of percentages, was in mining and quarrying, where $15.2 million in new loans was granted, up from $12.3 million compared to figures from the same period in 2010.

Mining activity has picked up this year due to the copper-gold project starting operations and others projects around the country which are in the exploration phase", reported Prensa.com.

Source: Prensa.com