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International Tender: School RemodelingMonday, January 18, 2021 In Honduras, the expansion of 27 educational centers located in Lempira, Ocotepeque, Santa Barbara, Intibuca and Copan has been put out to tender. Honduras Government Purchase AEPAS-H-4449-LPI-002-2021: Costa Rica: $500 Million for Hospital InfrastructureThursday, January 21, 2021 CABEI approved a line of credit to be used by the Costa Rican Social Security Fund to finance construction and equipment projects for the Monsenor Sanabria Hospital in Puntarenas, the Max Peralta Hospital in Cartago and the William Allen Taylor Hospital in Turrialba. The "Regional Hospital Infrastructure Strengthening Program" of the Central American Bank for Economic Integration (CABEI), which includes this loan, will finance the design, construction, equipment and maintenance of the three hospitals, which together will have a construction area of more than 200,000 m2 and will house space for more than 1,000 new beds. Banking System in Panama Still GrowingMonday, December 17, 2012 At the end of September, assets belonging to the Panama International Banking Center totaled nearly $87 billion, which represents an increase of 11.6% compared to the same period of 2011. A statement by the Superintendency of Banks of Panama reads: Panamanian Banking Industry increases assets by 35.5%Monday, August 4, 2008 The high yield on financial income is due to the sustained increase of 26.7% in the loan portfolio. As of May 2008, the consolidated assets of the International Banking Center (CBI) totaled 73.7 billion Balboas, an increase of 35.5%; while on a bank-only basis, the assets continue to show a growing trend with a balance of 61.2 billion Balboas, representing an increase of 28.6% Economy: Honduras Imposes RestrictionsMonday, January 11, 2021 In order to mitigate the spread of the coronavirus in the country, from January 10 to 17, a curfew will be applied between 9:00 p.m. and 5:00 a.m. the following day, and children will also be prevented from entering stores. The exception in the circulation in not allowed schedules is subject to institutions described in the current PCM, transport of heavy load and person with safe-conduct authorized by the Secretary of Security, details an official document. Panamanian Banking Center Continues to GrowTuesday, August 25, 2015 Six new institutions want to join the 94 that make up the banking center which operates in the country, whose assets grew by 35% in the last three years. Data from the Superintendency of Banks indicates that "... the banking center currently has 94 entities: 2 official banks, 18 Panamanian banks with a general license; 29 foreign banks with a general license, 29 internationally licensed and 16 representative offices. Panama: Banking Outlook for 2016Thursday, December 10, 2015 Fitch is warning that the risks faced by banks are increasing and loan impairment in some segments could trigger a substantial deterioration in the financial performance of banks. From a report by Fitch Ratings Central America: Panama: Banking Profits Up 40%Monday, April 30, 2018 Entities in the International Banking Center generated $183 million in profits in January 2018, 40% more than in the same period in the previous year. From a statement issued by the Superintendent of Banks: Bank Deposits Up 11% in PanamaFriday, December 14, 2012 In October, total deposits in the International Banking Center increased by 10.61% compared to the same period in 2011. Total savings amounted to $62,361 million, according to information from the Superintendency of Banks in Panama. More than Just the Pink Color in Women's BankingWednesday, December 2, 2015 The criticism attracted by the latest "commercial" venture by the State Bank of Costa Rica should not stick to just the surface of the fairytale castle and pink marketing campaign, but should go to the heart of the concept of state banks, which today have degenerated into simple banking institutions with commercial privileges. EDITORIAL Bank Profits Improve in PanamaFriday, July 20, 2018 Entities in the International Banking Center generated profits of $670 million in the first four months of the year, 11% more than in the same period in 2017. The April result for the Banking Center, which includes general and international license banks, shows growth of 10.6%. The increase in Net Income is the result of increases in non-recurring financial income, such as the purchase and sale of securities and transactions with derivative instruments, and on the other hand, a decrease in provision expenses, as a result of the entry into force of IFRS 9, which has allowed banks to make an adjustment against retained earnings, informed the Superintendency of Banks. Bank Profits ImproveThursday, June 7, 2018 Entities in the International Banking Center in Panama generated profits of $529 million in the first quarter of the year, 10% more than in the same period in 2017. The Superintendency of Banks reported that " ...The March result of the International Banking Center (CBI), which includes general and international license banks, shows profit growth of 9.5%. The increase in Net Income is the product of increases in non-recurring financial income, such as the purchase and sale of securities and transactions with derivative instruments." Panama: Bank Profits Up 13%Wednesday, November 22, 2017 In the first eight months of the year the profits of the International Banking Center totaled $1.266 million, 13% more than in the same period in 2016. Growth of the local credit portfolio to the private sector in the National Banking System was 7.8% in August 2017, compared to the same period in 2016. 2016 Outlook for Banking Sector in Central AmericaWednesday, December 16, 2015 Fitch Ratings predicts headwinds and higher risks for banks in Central American countries in 2016, resulting in lower credit growth. From a report by Fitch Ratings Central America: Credit Suisse in Panama ClosesThursday, June 2, 2016 As part of a reorganization process at the regional level, the Bank of Swiss origin has decided to close its representative office in Panama City. Arguing that its exit from the Panamanian market has no relation to the Panama Papers scandal, and required a long planning process, a bank spokesperson told Swiss Info that offices in other Latin American countries will not be affected and will continue to operate normally. |
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Sunday, January 24, 2021 - last update: 5:03 pm
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