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.

Edith Castillo Duarte wrote in Prensa.com: "Commerce credit showed a 21.4% increase to $126.9 million and the construction sector received loans of $106.6 million, an increase of 13%."

More on this topic

Credit Grows in Panama

May 2012

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.

Panamanian banks granted $616.68 million in loans in the first quarter of 2012, an increase of 2.3% since December 2011, according to data from the Superintendence of Banks in Panama.

Panama: Strong Growth in Bank Credit

May 2013

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.  

Figures from the Superintendency of Banks in Panama (SBP), reveal that most of the growth in lending balances is in the private sector, with $4.3329 billion, while the public sector only received $396 million.

BNP Increases Credit Porfolio in 2009

January 2010

The National Bank of Panama loaned 8.8% more in 2009 to the private sector than in 2008.

By the end of 2009, the credit portfolio to the private sector stood at $1.74 billion.

"Credit to the private sector grew $142 million. 82% of this increase, $116 million, happened in the second half of 2009", reported Prensa.com.

G & T Continental Increases its Capital by $10 million

February 2012

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.

The G & T Continental Bank, of Guatemalan capital, said that it is to receive a capital injection of about $10 million, which would increase its loan portfolio in El Salvador.

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