Panama: Loans to Individuals Exceed $5 billionThursday, December 4, 2014 The Superintendency of Banks in Panama has reported that consumer loans amounted to $5.16 billion with four banks hogging 54% of the total. The four banks holding 54.6% of the personal loans are la Caja de Ahorros, Banco Nacional, Banistmo and Banco General. Panama's Banco General receives US$160 million syndicated loanTuesday, June 3, 2008 Panama City's leading bank, Banco General, received a US$160 million syndicated loan coordinated by Unicredit and BNP Paribas. The bank said that the loan – which is divided into two tranches, one of two years, the other of three – will broaden and diversity its sources of financing. The interest rates were not revealed. National Bank of Panama will Finance Hydroelectric ProjectsWednesday, July 8, 2009 Financing hydroelectric energy generation projects is among the new policies the Bank will adopt. Darío Berbey, General Manager of BNP, stated that this change in policies will help lower the cost of life in Panama. Credit Card Market in PanamaMonday, January 27, 2014 The portfolio of loans granted through credit cards grew by 18% between November 2012 and November 2013. Up until November 2013, the balance of active cards reached a total of $1.207 billion, while in the same period of 2012 it was $1.021 billion, representing an increase of 18% , according to statistics from the Superintendency of Banks of Panama (SBP). $50 million for Banco General de PanamaFriday, August 26, 2011 The International Finance Corporation has granted a loan to Banco General de Panama so that it can offer more mortgages to low-income families. The $50 million long-term IFC funding , which will run for seven years, will enable Banco General match the maturity needed to finance mortgages for low-income groups. Banking Costs Increase in PanamaMonday, May 20, 2013 Transactions and inquiries at ATMs and ownership of credit and debit cards, have doubled in cost over the past two years. At some banks, membership fees have grown from an average of $15 to $21.40 for debit cards, which is an increase of 42.6%. IDB approves green facility for Banco General of PanamaTuesday, November 24, 2009 A $20 million non-sovereign guaranteed loan from the IDB will support Banco General, in growing a portfolio of green projects. The facility will support investments involving energy efficiency, renewable energy, water and wastewater treatment, waste management and other carbon-mitigating projects. Panama: Mortgage Loans Grow by 10% a yearWednesday, May 21, 2014 At the end of 2013 the balance of these loans in the banking system exceeded $10 billion, representing growth of 30% in the last three years. The increase in the real income of households, the Preferred Interest Act and the increased demand for housing in the medium / high cost category, have strengthened the portfolio of mortgage loans in the country, with the balance of this portfolio up to March this year standing at $10.296 billion, $9.041 billion for homeownership loans and $1.254 billion for commercial premises. Panama: Construction Sector Uses 10% Less CreditWednesday, September 28, 2016 Between January and June this year new loans for construction activities totaled $1.497 billion, 10% less than in the same period in 2015. Of the $1.497 billion awarded in construction loans, 17% were financing for commercial premises, almost 5% for housing construction, 8% for infrastructure and 37% for other buildings, according to figures from the Superintendency of Banks of Panama. More Car Loans in PanamaMonday, November 11, 2013 The portfolio of loans for the purchase of vehicles saw its highest growth in the month of August 2013, when it increased by 17% compared to the previous month. Up until August personal loans totaled $4.728 billion, credit cards $1.137 billion and auto loans $901.5 million. Auto Credit Up 17%Monday, April 22, 2013 Analysis has been conducted on the composition of the loan portfolio to buy vehicles, one of the fastest growing sectors in recent years. In the past five years, auto financing in Panama has been increasing, in February Panamanian banks provided loans of this type worth $813 million. Panama: Loans at 2% for AgricultureThursday, April 11, 2013 The National Bank of Panama has halved interest rates for agricultural loans transferred from other banks. From a press release issued by the National Bank of Panama (Banconal): Credit Downwards: What Factors Affect Them?Thursday, August 13, 2020 Suspension of contracts, uncertainty about the economic future and reduction of salaries, are some of the factors that have affected the banks in Panama to place fewer loans in this context of health crisis. The amount of new loans granted by Panamanian banks was $589 million during May this year, a 26% reduction compared to what was reported in April 2020. $500 Million for Panamanian BankingThursday, April 16, 2009 The approved loan by the IDB must be submitted to the National Bank of Panama and it will be used to restore liquidity. The National Bank of Panama will offer lines of credit for banks through a financial stimulus trust. Panama: $170 Million for Mortgage LoansFriday, September 17, 2010 During this year, the "Caja de Ahorros" (CA) aims to place $170 million in Mortgage Loans. By the end of August $73,2 million have already been lent and the goal is to double this amount, pointed Rodrigo Arosemena, General Manager of this organization. |
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