Panama: 23% Increase in Commercial Credit

In 2010 the global loan portfolio increased 13.26%, with commercial loans growing the most at 22.7%.

Tuesday, February 15, 2011


Banco General, with $ 4,975 million, was the market leader in loans followed by HSBC with $ 3,859 million.

The two banks were those with greater participation in the three main portfolios, consumer, mortgage and commercial.

"Banco General had outstanding growth in the commercial area, but was down in consumption, especially in the auto financing products, a behavior that has been recurrent for two years or so," writes Alma Solis from Capital Financiero.

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Panama: 17% Increase in New Loans

October 2011

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

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.

Panama: Boom in Construction Loans

April 2013

In January 2013, banks granted the construction sector loans worth $2.92 billion, which is $89.6 million more than in January 2012, when the figure was $2.83 billion.

These type of loans, represent 11.45% of the loans granted by the National Banking System, which adds up to a total of $33.5141 billion.

Credit Keeps Growing in Panama

April 2014

Between January and November 2013 credit to the private sector increased by 14% compared to the same period in 2012.

Personal consumption and trade were the sectors that experienced the largest growth in the period under review, beating construction loans and mortgages. Overall, the banking system awarded $24,815,000 in loans to the private sector.

Residential Mortgages Growing in Panama

April 2016

In February 2016 the mortgage loan portfolio exceeded $13 billion, 15% more than was recorded in the same period in 2015.

For the remainder of the year it is estimated that the total mortgage portfolio of the banking system will far exceed what it was in 2105, at a time when there is increasing demand for this type of financing and there remains a significant shortage of low and middle income housing.

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