Panama: Bank profits grow 57.44%

Banks operating in the market earned $904 million dollars in the first 10 months of this year.

Friday, December 19, 2008

The internal demand for credit from the private sector, which was above $31.6 billion in October, continuing an upward trend of 20.38%, according to data from the Panama Superintendence of Banks.

Regarding deposits, there was an increase of 24.69% in the total portfolio ($38.4 billion), which shows that the main source of financing for the expansion of credit comes from the local population.

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Bank utilities in Panama increases 24.5%

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Panama: Bank profits show 33.8% increase.

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Banks operating in the local market earned $694 million at the close of the first semester this year.

This figure represents an increase of 33.8% when compared to the same period last year. It also represents a return on average assets (ROAA) of 3.1%
The internal demand for credit in the private sector has continued with an upward trend (17.6%) similar to that at the close of the last year.

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