Panama Banking system with $14 billion in liquidity

©image: www.superbancos.gob.pa

The Panama Superintendent of Banks, Olegario Barrelier, declared to the National Assembly that the $115 million affected by the crisis represent "a very low proportion" when compared to the $51 billion in assets in the national banking system or the $75 billion in the international banking center.

According to information from the official, for there to be a big impact from the financial crisis, they would have to use up the $14 billion in liquidity and that would be only if the banks cannot get funds abroad.

Additionally, the official said that he knows that the Ministry of Economy and Finance has a line of emergency credit with the IMF.

Source: Prensa.com

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