In Depth Review of Credit in Panama
Monday, August 26, 2013
One third of Panamanians have on average three loans, and they make payments on them with an acceptable default rate.
About 1.2 million Panamanians have loans, of which 85%...
New Lending Grows By 26% in Panama
Tuesday, July 23, 2013
New loans issued from January to May 2013 by Panamanian banks totaled $8.85 billion.
Capital.com.pa reports that the amount, "compared to the...
Consolidation of Panama as a Financial Center
Friday, July 19, 2013
Banking and financial sectors have raised the need to devise a strategy to turn the country into an international financial center.
Alberto Diamond, Superintendent of Banks in Panama, said...
Panama: New Reinsurance Law Being Drafted
Tuesday, April 23, 2013
With the amendment of Law 63 of 1996 it is intended that international reinsurers will invest in the country making it a hub for the whole continent.
According to Luis Della Togna, Superintendent of...
Panama Banking Act Supports Bearer Shares
Wednesday, March 13, 2013
Panamanian Bankers believe that the sector will not be affected by the new provision, and are asking for it to take effect quickly.
The Panama Banking Association has spoken in favor of...
Small Banks in Panama
Monday, March 11, 2013
They are banks that are 100% focused on customer service, satisfying users who resent the usual impersonal service in the large banks.
Panamaamerica.com reports that "Briceida Hernández,...
Bancolombia Purchases HSBC Panama
Tuesday, February 19, 2013
HSBC Latin America Holdings Limited, a wholly owned subsidiary of HSBC Holdings plc, has entered into an agreement to sell HSBC Bank (Panama) SA to Bancolombia SA for a total consideration of US$2.1bn in cash.
HSBC Latin America Holdings (UK) Limited, a wholly owned...
Outlook for Central American Insurance Industry in 2013
Thursday, January 31, 2013
Fitch estimates that premiums in the region should grow measuredly, with the greatest dynamism seen in Costa Rica, the second insurance market in the region.
A statement from Fitch Ratings reads:
Insurance in Panama Grows By More than 8%
Wednesday, January 23, 2013
From January to December 2012, sales of insurance premiums reflected an increase of 8.16%, reporting a total of more than $138,635,000.
Panamaamerica.com.pa reports that "up to December 2012...