Panamanian Banking Industry increases assets by 35.5%
The high yield on financial income is due to the sustained increase of 26.7% in the loan portfolio.
Monday, August 4, 2008
As of May 2008, the consolidated assets of the International Banking Center (CBI) totaled 73.7 billion Balboas, an increase of 35.5%; while on a bank-only basis, the assets continue to show a growing trend with a balance of 61.2 billion Balboas, representing an increase of 28.6%
With a total of 90 banks totaling $90 billion in assets, Panama City is establishing itself as an international banking center.
The International Banking Center reported $118 billion in assets in 2015, $10 billion more than was recorded in 2014.
At the end of September, assets belonging to the Panama International Banking Center totaled nearly $87 billion, which represents an increase of 11.6% compared to the same period of 2011.
Banking Center assets recorded a total of $81.24 billion, an increase of $10.34 billion, 14.6%, more than in November 2010.
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