Banking Profits increase profit Banco General (Panama) Banks Metrobank S.A. Rolando De León Superintendency of Banks of Panama banking system Annual results and outlook Banco Industrial El Salvador Banco de Desarrollo Rural S.A. (Guatemala) Bolsa de Valores de Panamá Empresa General de Inversiones Empresa General de Petróleos S.A.

Panama: Banco General Increases Profits 17%

Profits for the third quarter summed $50.3 million, 17.4% more than the same period of 2008.

Tuesday, October 27, 2009

©image: bgeneral.com

Income for net loan interest and deposit operations increased 8% in the same period.

Laestrella.com reports: "Commissions and other incomes reached $19 million, a 26.3% increase. General expenses remained stable at $37 million".

Source: estrelladepanama.com and laestrella.com.pa

Key entities

Banco General (Panama)

Countries

Panama

Insight

Profits increase profit Banking

Panama's Banco General income grows 58.9%

February 2009

In 2008, Panama's largest private bank recorded an increase of 58.9% in its net income.

Prensa.com publishes: "By December 31st 2008, Banco General's net assets were valued in $7.908 million, $634 million more than 2007, an 8.72% increase."

"The loans portfolio was valued in $5.560 million, with home and commercial loans the products that grew the most..."

Bank utilities in Panama increases 24.5%

October 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 represents an increase of 26.1% with respect to the same period last year, according to the Superintendency of Banks.

Downward Trend in Banking Profits Is Reversed

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.

Panama: Bank profits show 33.8% increase.

September 2008

Banks operating in the local market earned $694 million at the close of the first semester this year.

This figure represents an increase of 33.8% when compared to the same period last year. It also represents a return on average assets (ROAA) of 3.1%
The internal demand for credit in the private sector has continued with an upward trend (17.6%) similar to that at the close of the last year.

close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

The Exciting Development in the hub of the Americas in Panama

Panama Pacifico is in the first phase of construction of a four phase project spanning the coming years. The destination's internationally relevant location, adjacent to the Panama Canal and the Pacific Ocean, makes this business center in Panama an ideal global business hub. Its lush setting provides the perfect backdrop for the new thriving, newly-built, master-planned community.

International Business Park

Looking for parking space?

Our new business office in the International Business Park of Panama Pacifico is under construction, and includes a new five storey parking facility. Life is easier when you have a plan. Offices designed, built and created under international standards.

Fiscal, Labor and Migratory Benefits:

See the lengthly list of benefits enjoyed at Panama Pacifico.

Special Economic Area

Law 41 was created in 2004 to offer exceptional benefits to companies setting up base in the Special Economic Area. A single government office in the area speeds up the process to set up a company in the area.