Banco Popular tops the list with earnings totaling $76 million, followed by BAC San Jose with $54 million.
An article in Elfinancierocr.com states: "... Banco Nacional (BN) remained in fourth place. This bank recorded in 2011, according to data reported to the Superintendent of Financial Institutions (Sugef), a drop in performance of 20% in real terms when compared to 2010.
BN along with HSBC and Citibank ended the year registering less profits compared to December of the previous year. "
Source: elfinancierocr.com
More on this topic
July 2010
The Panamanian banking center has reported growth of 7.17% in profits for the first five months of the year.
After closing 2009 with a 22.4% fall in profits and starting 2010 with an additional drop 14.4%, from February the sector experienced a turnaround.
“Net profits accumulated in the first five months were approximately $474 billion, according to Panama’s banking regulator,” reports Prensa.com.
January 2012
Guatemala banks earned $387 million in 2011, up 17.6% from $329 million in 2010.
Victor Mancilla, Superintendent of Banks, said that besides the increase in profits, the default rate fell to 1.6%.
"Meanwhile, the return on assets (ROA), which is what banks earn for each Q100 invested, rose from 1.6% in 2010 to 1.7% in 2011, meaning that for every Q100 the bank received Q1.60 and Q1.70, respectively.
February 2011
The profits reported by insurers in 2010 were $ 32.7 million, 11.4% higher than 2009.
The information comes from data from the Superintendence of Banks and also states that in 2009 profits reported a 22.6% growth compared to 2008.
"The report submitted to Congress by the head of SIB, Victor Mancilla, explains that the return on capital invested by insurance companies increased from 17.4% in 2008 to 18.1% last year.
May 2011
In 2010 the insurance company's profits grew by 24% in 2009.
The regional growth strategy established five years ago has yielded great results. The significant increase in income is due, in large part, to the company’s operations in Panama, Costa Rica, Nicaragua and El Salvador.
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