Panama: Banking Assets Up 9% in 2015

The International Banking Center reported $118 billion in assets in 2015, $10 billion more than was recorded in 2014.

Thursday, March 17, 2016

In 2015 the International Banking Center in Panama reported total assets in the order of $118,477 million, 9.2% more than the amount reached in 2014, when the figure reached $108,419 million, according to figures from the Superintendency of Banks in Panama.

Bank deposits rose by 7.5% between December 2015 and the last month of the previous year, going from $77,972,000 to $83,821,000. The loan portfolio also increased by 9.8%, going from $66,044 million in 2014 to $72,562 million in 2015.

See also: "Panama: Banking Outlook for 2016"

Panamanian banks also facilitated an increase in equity of 8.8% from year to year, registering $12,307 million in December 2015, $995 million more than in the last month of 2014.

Private banking assets grew by 9.8% in 2015, those from banks with international banking licenses grew by 8.2%, those from private Panamanian banks by 10.4%, those from private foreign banks 9.3%, those from official banks by 7.3% and from Panamanian banks 9.6%. All figures are in comparison to December 2014 .

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El Salvador: Business Credit Up 7% in 2016

January 2017

In December 2016 the balance of the portfolio of loans granted by the financial system to private companies amounted to $5.63 billion, 7% more than in the same month in 2015.

From a report by the Superintendent of Financial System of El Salvador:

El Salvador: Bank Credit Up 5.5%

January 2017

As of December 31, 2016 the balance of loans granted by banks and financial institutions grew by 5.5% compared to the same month in 2015, reaching $12,409,000.

Figures from the Financial System Regulator point out that in the same period deposits grew by 3%, reaching $11,243 million. Most noteworthy were private sector deposits, which increased by $380 million, while the public sector fell by $53 million.

Local Banking Figures

October 2014

In the first half of the year profits in the banking system amounted to $900 million, a variation of -6.2% compared to the profits generated in the same period in 2013.

The Superintendency of Banks of Panama reported that this reduction is due to the loss of up to 14% in other income.

Savings and Bank Loans Growing in Panama

October 2012

New loans in August 2012 increased by 8%, while the total savings were $61.51 billion, 11.2% higher than the amount recorded in August 2011.

A statement by the Superintendency of Banks reads:

International Banking Center Activity Keeps Growing

The manifest and sustained economic growth in Panama, is having a positive effect on the country's banking sector, which has established itself as one of the main drivers of the economy.

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