Foreign deposits in Panama increase 40%
Thursday, October 16, 2008
External interbank deposits totaled 8.28 billion dollars at the close of the third quarter.
The most of funds (7.6%) that provide liquidity to the...
Bank utilities in Panama increases 24.5%
Monday, October 20, 2008
The net utility accumulated from the banking center up to August 2008 rose to $824 million, an increase of 24.5% in comparison to the same period last year.
The individual based assets rose to 63.6 billion, which...
Panama's banking system could see billion-dollar profits
Monday, July 14, 2008
There may be a banking crisis in other parts of the world, but not in Panama. Net profits there for the National Banking System could easily surpass the billion-dollar marke this year, according to the risk rating agency Equilibrium.
The agency forecast is based on good results the banking...
Panama: Bank profits surpass $1 billion
Wednesday, January 14, 2009
Up to November 2008 there was an increase of 19% compared to the same period in 2007, according to information from the Banking Superintendence.
Prensa.com reports on its website that "Under this item,...
Panama's National Bank gets AA credit rating
Friday, July 25, 2008
The National Bank of Panama is the biggest commercial property owned by the state and is third largest enterprise in the countryin terms of assets.
Fitch Rating has given the bank a AA rating, with a...
New banking law goes into effect in August
Monday, July 28, 2008
The growth of the banking business and its increasing complexity have been behind the reform of the Decree Law 9, issued Feb. 26, 1998.
The Office of the Superintendent of Banks has worked out...
Panama: Banco General Increases Profits 17%
Tuesday, October 27, 2009
Profits for the third quarter summed $50.3 million, 17.4% more than the same period of 2008.
Income for net loan interest and deposit operations...