Panama: Bank profits show 33.8% increase.
Banks operating in the local market earned $694 million at the close of the first semester this year.
Monday, September 22, 2008
This figure represents an increase of 33.8% when compared to the same period last year. It also represents a return on average assets (ROAA) of 3.1%
Banks operating in the market earned $904 million dollars in the first 10 months of this year.
The net utility accumulated from the banking center up to August 2008 rose to $824 million, an increase of 24.5% in comparison to the same period last year.
The growth in earnings of 17 banks operating in Costa Rica is higher than credit growth and is four times the country's economic growth.
During the first semester of 2008 the banks increased their earnings by 18 percent in comparison to the previous year.
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