Panama: $76.250 million in banking assets

Panama's International Banking Center recorded $76.250 million in assets by the end of 2008.

Thursday, February 19, 2009 publishes: "Olegario Barrelier, Banking Superintendent, spoke about the subject in his presentation 'Panama's Banking System: 2008 Performance and Challenges facing a New Economic Situation', to industry delegates and members of the press.
He highlighted that the fundamentals of the Banking System remain stable, with liquidity at 62%, capital requirement at 14% and satisfactory asset quality".

More on this topic

Panamanian Banking Center Grows by 13.7%

February 2012

The International Banking Center, closed 2011 with assets of $81,675 million, an increase of 13.7% compared to the same period last year.

A press release from the Superintendency of Banks in Panama states:

The CBI report was released during a presentation entitled "International Banking Center: Performance 201,", by Dr. Alberto R. Diamond, Superintendent of Banks.

Banking System in Panama Still Growing

December 2012

At the end of September, assets belonging to the Panama International Banking Center totaled nearly $87 billion, which represents an increase of 11.6% compared to the same period of 2011.

A statement by the Superintendency of Banks of Panama reads:

Panama's International Banking Center still has solid performance

Panamanian Banking Center Up 11%

August 2012

In June 2012 International Banking Center assets totaled $84.61 billion, a year-on-year variation of 11.7%, while the banking system’s assets were $69.06 billion (year-on-year change of 13.4%).

From a press release from the Superintendency of Banks of Panama (SBP):

In a meeting with representatives of local and international press and regional magazines, the Superintendency of Banks presented the International Banking Center results for the first half of 2012.

Guatemala: Bancafé Funds in Dispute

August 2012

Two institutions are complaining about funds that were recovered through the Trust for Excluded Assets of Banco del Café S.A..

The custodian of the assets of Bancafe International Bank (BIB, off shore financial branch of Bancafé), Pricewaterhouse Coopers EC Inc. (PWC) is calling for funds to be distributed among investors.

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AES Changuinola

In late 2005, AES began developing the Changuinola hydro power project and currently the project is in the phase of building the roadways to access that facility. The formal cornerstone laying ceremony took place on October 25, 2007. The project's total completion represents an investment of approximately $563 million and the estimated date for the Changuinola hydro power plant to go into commercial operation is the first quarter of 2011. Through this new facility, AES contributes to the country's development and helps face the growing demand of energy in Panama, which requires an additional 50 MW each year. The construction of the new Changuinola I Hydro Power Plant: * is an asset to Panama * will generate clean and 100% Panamanian energy * will create opportunities for previously excluded populations * will contribute to solve the country's energy situation * will help Panama to continue growing The construction and operation of the hydro power plant will be under the responsibility of AES, a multinational energy corporation with world-class standards and an active presence in Panama.
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