Foreign deposits in Panama increase 40%

External interbank deposits totaled 8.28 billion dollars at the close of the third quarter.

Thursday, October 16, 2008

The most of funds (7.6%) that provide liquidity to the national banking system come from individual desposits and clients.
"The financial integration of our Banking System allows for greater access and negotiation of external funds especially through foreign bank branches and subsidiaries that operate in the country as this represents a clear advantage in maintaining and attracting resources from those seeking greater stability in the face of the current volatility of the external markets," accroding to the Superintendence.

More on this topic

Central American Banks Resists Contagion

July 2012

Fitch believes that increased volatility of international markets has had only a marginal effect on the stability of savings in the banks passive mix.

The funding of the Central American banks, led by domestic deposits in about 90%, had its strength tested during the spread of the financial crisis, according to a new report from Fitch Ratings.

Panama: Bank Deposits Grow by 11%

December 2011

Internal deposits in individual savings accounts in the banking systems amounted to $25 billion.

The confidence of Panamanian and foreign savers is reflected in the amount of deposited funds in the countries banks, which has grown considerably in the last few years.

Of all the money deposited in the system, internal funds have shown the greatest growth, which at the end of the third quarter was 11% more than in the same period in 2010.

Bank Deposits Grow 7% in Panama

March 2011

In late January 2011, the Panamanian banking system recorded $ 44.582.000 in deposits, 7% more than the same month of 2010.

MEF analysts highlight the fact that internal and external deposits increased in comparison to last year and pointed out the assets Panama has built after the great financial crisis.

Foreign Deposits Increase 25% at Panamanian Banks

October 2009

At the end of August 2009, foreign deposits by individuals summed $14.988 million.

70% originate from Latin America, specially Venezuela and Ecuador.

Prensa.com reports: "This important increase, which surprised analysts, is proof that markets have stabilized and consumers have regained trust in the system, said local bankers".

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