Panama: Bank profits surpass $1 billion

Up to November 2008 there was an increase of 19% compared to the same period in 2007, according to information from the Banking Superintendence.

Wednesday, January 14, 2009

Prensa.com reports on its website that "Under this item, the most important for any business, an upward trend has been observed since 2000, with two exceptions. In 2002, due to the effects of generated by the Argentinian crisis on the operations of the Latin American Export Bank (Bladex), and in 2006, after the fusion of the HSBC Group when there were changes in the earnings of the First Bank of the Isthmus (PBI), as a result of more conservative appraisal of productive assets.



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Bank Profits Improve

June 2018

Entities in the International Banking Center in Panama generated profits of $529 million in the first quarter of the year, 10% more than in the same period in 2017.

The Superintendency of Banks reported that " ...The March result of the International Banking Center (CBI), which includes general and international license banks, shows profit growth of 9.5%. The increase in Net Income is the product of increases in non-recurring financial income, such as the purchase and sale of securities and transactions with derivative instruments." 

Panama: Banks See Improved Results

March 2018

In 2017, the International Banking Center recorded profits of $1.797 billion, 18% more than the $1.594 billion reported in 2016.

The Superintendency of Banks in Panama reported that "... The CBI 's profits increased by 17.9% in the month of December, supported by a reduction in expenditures and an increase in income from financial operations."

Profits Down at Guatemalan Banks

April 2010

Following four years of continuous growth, net profits fell to $51.2 million in the first two months of 2010.

Data from the Banking Superintendence (SB) shows that in the first two months of 2007 banks made a profit of $37 million, $54 million in 2008 and $62.3 million in 2009.

Guatemala: Banking Profits Slow Down

July 2009

Growth up to May 2009 is 2.2% when compared to the same period of 2008, less than the 32.5% registered between 2007 and 2008.

According to data by the Banking Superintendence, up to May 2009, banks have increased their profits in $3.2 million.

"Directors of the top three banks of the system indicate that the drop in growth is tied to the deterioration of the loan portfolio, not in volume, but in credit requests.

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