Panamanian Banking Center Grows 11.4%

In 2010, the consolidated assets of the banking system totaled $ 71,932 million, 11.4% higher than 2009.

Friday, February 4, 2011

The superintendent of banks, Alberto Diamond, said that net income reached $ 1,067 million in 2010, 16.1% higher than 2009.

"Diamond specified that deposits in the domestic banking system amounted to 44.195 million dollars in 2010, of which 44.3% are fixed term deposits, 18% savings and 15% cash deposits," adds Prensa.com.

More on this topic

Savings and Bank Loans Growing in Panama

October 2012

New loans in August 2012 increased by 8%, while the total savings were $61.51 billion, 11.2% higher than the amount recorded in August 2011.

A statement by the Superintendency of Banks reads:

International Banking Center Activity Keeps Growing

The manifest and sustained economic growth in Panama, is having a positive effect on the country's banking sector, which has established itself as one of the main drivers of the economy.

Panamanian Banking Center Up 11%

August 2012

In June 2012 International Banking Center assets totaled $84.61 billion, a year-on-year variation of 11.7%, while the banking system’s assets were $69.06 billion (year-on-year change of 13.4%).

From a press release from the Superintendency of Banks of Panama (SBP):

In a meeting with representatives of local and international press and regional magazines, the Superintendency of Banks presented the International Banking Center results for the first half of 2012.

Panamanian Banking Center Grows by 13.7%

February 2012

The International Banking Center, closed 2011 with assets of $81,675 million, an increase of 13.7% compared to the same period last year.

A press release from the Superintendency of Banks in Panama states:

The CBI report was released during a presentation entitled "International Banking Center: Performance 201,", by Dr. Alberto R. Diamond, Superintendent of Banks.

Panama: Deposits Double in Five Years

August 2011

Most of the savings are held by individuals and local licensed banks.

Total deposits rose from about $28 billion in 2006 to more than $54 billion currently, according to the Panamanian Superintendency of Banks.

Of the total, 77% corresponds to savings by individuals, while 85% of them are deposited in banks with a national license.

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