In June 2012 International Banking Center assets totaled $84.61 billion, a year-on-year variation of 11.7%, while the banking system’s assets were $69.06 billion (year-on-year change of 13.4%).
From a press release from the Superintendency of Banks of Panama (SBP):
In a meeting with representatives of local and international press and regional magazines, the Superintendency of Banks presented the International Banking Center results for the first half of 2012.
With a total of 90 banks totaling $90 billion in assets, Panama City is establishing itself as an international banking center.
Of the 90 banks currently operating in Panama, 48 of them have a general license, 28 have an international license and the remaining 14 are representative.
Of the total assets totaling $90 billion, 40% are foreign deposits.
The International Banking Center, closed 2011 with assets of $81,675 million, an increase of 13.7% compared to the same period last year.
A press release from the Superintendency of Banks in Panama states:
The CBI report was released during a presentation entitled "International Banking Center: Performance 201,", by Dr. Alberto R. Diamond, Superintendent of Banks.
In 2010, the consolidated assets of the banking system totaled $ 71,932 million, 11.4% higher than 2009.
The superintendent of banks, Alberto Diamond, said that net income reached $ 1,067 million in 2010, 16.1% higher than 2009.
"Diamond specified that deposits in the domestic banking system amounted to 44.195 million dollars in 2010, of which 44.3% are fixed term deposits, 18% savings and 15% cash deposits," adds Prensa.com.