Panama: Banking Profits Down by 33.2%
In the first quarter of 2009, banks registered $201.1 million in profits, $99.8 million less than during the same period in 2008.
Friday, May 8, 2009
In February of this year, the profits of Panamanian banks were $26 million. However, while earnings rose to $86.2 million in March, they were 36.6% less than those obtained during the same month in 2008.
From January to November 2009, earnings at state banks reached $125 million, 28.4% less than the same period of 2008.
Copa’s net income for the first quarter of 2010 was $36.7 million, 49% less than the same period of 2010.
For the third quarter of 2009, Panamanian banks reported profits for $675.8 million.
Salvadoran banks made a profit of $43.6 million in the first 9 months of the year, $75 million less than the same period 2008.
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