Panama: Credit to Private Sector Up 8.7%

Domestic credit to the private sector amounted to $36 thousand 861 million, an increase of 8.7% compared to the previous year.

Friday, July 25, 2014

According to figures from the Superintendency of Banks of Panama, liquid assets of the institutions increased by 14.4% and the loan portfolio by 4.8%.

"...Domestic credit to the private sector amounted to $36.861 billion, an increase of 8.7% compared to the previous year. The commercial sector has accumulated a portfolio of $10.377 billion, similar to last year's amount and which was affected by a fall of 7.4% in the loan portfolio of the Colon Free Zone, which went from $2.598 billion to $2.554 billion. "

"...The residential mortgage portfolio totaled $9.434 billion, 14% more than the previous year, while lending to the construction sector continues its upward trend and the sum total of the portfolio is $3.995 billion, 19.6% more than in June 2013. "

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