Banking HSBC Bank (Panama) commerce credit consumer credit loan portfolio loans Banco General (Panama) Banks mortgage financing bank credit line of credit Superintendency of Banks of Panama access to credit bank credit card

Panama: 23% Increase in Commercial Credit

In 2010 the global loan portfolio increased 13.26%, with commercial loans growing the most at 22.7%.

Tuesday, February 15, 2011

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Banco General, with $ 4,975 million, was the market leader in loans followed by HSBC with $ 3,859 million.

The two banks were those with greater participation in the three main portfolios, consumer, mortgage and commercial.

"Banco General had outstanding growth in the commercial area, but was down in consumption, especially in the auto financing products, a behavior that has been recurrent for two years or so," writes Alma Solis from Capital Financiero.

Source: Capital.com.pa

Key entities

Banco General (Panama) HSBC Bank (Panama)

Countries

Panama

Insight

loan portfolio Banks mortgage financing commerce credit consumer credit Banking

Panama: 17% Increase in New Loans

October 2011

At the close of July, $11 billion worth of new loans were granted, 17% higher than in the same period last year.

Among the different sectors of the economy, mining, livestock and fisheries were those receiving the most new loans.

"The biggest increase registered, in terms of percentages, was in mining and quarrying, where $15.2 million in new loans was granted, up from $12.3 million compared to figures from the same period in 2010.

Domestic Credit Continues to Increase in Panama

November 2011

As a consequence of the boom in the Panamanian economy, the domestic credit portfolio has accumulated 14.5% growth so far in 2011.

When an economy grows the way Panama is doing, private sector credit becomes a dynamic engine that propels it even more.

At the end of the third quarter, the private sector’s credit portfolio has grown by 15% compared to the same period in 2010.

$50 million for Banco General de Panama

August 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.

The Banco Popular Bank in Costa Rica reactivates housing and consumer credit

January 2009

The bank hopes to offer $548 million in loans for consumption, housing and development in 2009.

Nacion.com reports that "this year the bank hopes to offer $381 million (¢213 billion) in consumer loans and $55 million (¢31 billion) for house construction or purchase.

The Bank will also set aside $148 million (¢82.7 billion) in loans for development."

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