Panama: Figures in the Banking Sector at End of 2016

In 2016 entities in the banking system managed to increase their assets by 4% and their loan portfolios by 8% compared to 2015.

Thursday, March 16, 2017

The annual report by the Superintendency of Banks in Panama includes the main results for the banking center and the banking system during 2016. 

The report states that "...Credit to the private sector remains favorable in the retail banking segment and corporate credit in the interim construction segments. Trade credit has a lower growth rate due to reductions in the Colon Free Zone. "  

The Superintendency identifies the following factors as challenges to be addressed by banks:

- Growth differential between deposits and increased portfolio decreased slightly in 2016. 
- Costs for attracting New Depositors and Customer Retention Deposits long term have increased in the past two years. 
- Cost of financing for Repo and emissions have increased uptake compared with traditional banking sources (DPF). 
- Impact of increased cost of funds on financial margins of the system.

Read full report by the Superintendency of Banks (in spanish).

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