Panama: Loans Increase by 7.3%
In the first quarter, Panamanian banking has loaned out $1.405 billion, $95.6 million more than during the same period last year.
Wednesday, May 20, 2009
According to the Panamanian Bank Superintendent, the industrial sector was the one that asked for the most resources.
The money provided by Panamanian banks has increased by 2.3% since December 2011 due to the dynamism of the economy and competition among financial agents.
In March the balance of new bank loans reached $34.339 billion, which is $4.729 billion more than earned in the same period of 2012, when the total was $29.61 billion.
The National Bank of Panama loaned 8.8% more in 2009 to the private sector than in 2008.
The bank, notable for its A + rating awarded by Fitch Ratings, focuses on loans for the corporate sector and hopes to expand its credit portfolio thanks to the injection of funds.
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