Panama: Domestic Credit Still Growing

At the end of March domestic credit amounted to $34.338 billion, surpassing by 16% the figure for the same period in 2012.

Tuesday, June 4, 2013

"The commercial sector claimed the most credit, with a portfolio of $10.2622 billion (22.8%), followed by mortgages, whose portfolio totaled $9.521 billion, up 14.4% from a year earlier" , reported Prensa.com.

"The third most important activity was consumption, with a portfolio of $6.4063 billion, 10.5% more than the previous year."

According to the Superintendency of Banks, these three sectors account for 75% of the country's domestic portfolio.

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In the first half of the year credit to the private sector grew by 8.7% compared to the same period in 2013, with construction, personal consumption and agricultural sectors being the most dynamic.

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