Panama: Car Loan Defaults IncreaseTuesday, February 24, 2009 According to data from the Bank Superintendent of Panama, the balance of defaults and past due accounts reached $37.3 million in 2008. María de Gracia writes in Pa-digital.com.pa: "The loans that show the highest default rate are those for cars that have a price of up to $15,000, with $28 million, followed by the ones of up to $30,000, with $7.2 million." More security for Panama's banking systemFriday, January 2, 2009 The Superintendence of Banks is implementing the use of new tools and system platforms in order to improve the data transfer system. According to pa-digital.com.pa, "This system consists of each bank preparing the information based on established data structures and then using ITBANK to send it to the Superintendence, thereby improving the transfer of information by 75%. Panama banks looking to be more competitiveMonday, January 19, 2009 This month the project to improve competitiveness at the Panama Banking Center will be put in place. Pa-digital.com.pa reports: "According to the Superintendence of Banks in Panama (SBP) the projects has four components: the first is a integral diagnostic of the strengths, weaknesses, opportunities and threats (SWOT), the second phase will be a comparative study (Benchmarking) of other similar banking centers, the third component includes an study of the international market and in the fourth stage a strategic action plan will be established in conjunction with the corresponding authorities. New Banco General Branch in Costa RicaFriday, October 2, 2009 'Banco General Costa Rica', 100% subsidiary of Panamanian Banco General S.A., inaugurated a new branch in the country. The bank entered Costa Rica's market in May 2009. This new branch is located in Curridabat, in the capital city of San Jose. Panama: Companies Bid for Banking SoftwareFriday, May 28, 2010 Data Pro Inc was the only company which complied with the requirements for supplying a Core Banking System to state-owned banks. The contract comprises installing a Core Banking system at three state banks: “Banco de Desarrollo Hipotecario”, “Banco Nacional de Panamá”, and “Banco Hipotecario Nacional”. |
|