Panama Banking system with $14 billion in liquidity
The Panama Banking system has a liquidity of $14 billion and $115 million is affected by the credit crisis.
Friday, October 24, 2008
The Panama Superintendent of Banks, Olegario Barrelier, declared to the National Assembly that the $115 million affected by the crisis represent "a very low proportion" when compared to the $51 billion in assets in the national banking system or the $75 billion in the international banking center.
The regional financial entity revealed that the money will be handed over to the central banks to ease liquidity problems.
This is the amount that the Salvadoran Foundation for Social and Economic Development recommends getting in the contingency credit.
The business sector is warning that the Costa Rica could enter a crisis of massive layoffs if they cannot finance their activities.
With banks barely lending and interest rates up, each company should review their available financing options.
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