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.

More on this topic

Costa Rica: Banks Earn 21% More in the Last Year

October 2012

The growth in earnings of 17 banks operating in Costa Rica is higher than credit growth and is four times the country's economic growth.

According to an article in Elfinancierocr.com, "The good performance has been achieved with only a 4% increase in administrative costs and without increasing the size of bank deposits.

Panamanian Banks Having a Great Time

March 2012

With average Return on Assets (ROA) of 2.30% and 20.28% on Equity (ROE) in 2011, there has been growth of 63% compared to profits in 2010.

Net earnings for January 2012 were $147 million, an increase of 62.9% compared to the same period in 2011, according to data from the Superintendency of Banks.

Bank utilities in Panama increases 24.5%

October 2008

The net utility accumulated from the banking center up to August 2008 rose to $824 million, an increase of 24.5% in comparison to the same period last year.

The individual based assets rose to 63.6 billion, which represents an increase of 26.1% with respect to the same period last year, according to the Superintendency of Banks.

Panama: Bank profits show 33.8% increase.

September 2008

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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