Total deposits rose from about $28 billion in 2006 to more than $54 billion currently, according to the Panamanian Superintendency of Banks.
Of the total, 77% corresponds to savings by individuals, while 85% of them are deposited in banks with a national license.
This sharp rebound reflects the country’s strong economic performance where individuals and companies savings capacity has increased.
An article in Prensa.com reports: "The executive vice president of ABP, Mario de Diego, pointed out that the liquid assets in the central banks accounts have been reducing, now that fears of possible effects of the crisis have passed, becoming productive assets.
He added that the bank profits from this favorable external and internal scenario with positive growth prospects.
The ECLAC projects GDP growth of 8.5% this year in Panama, compared with 7.5% recorded last year, while the Indesa firm predicts growth of 9% this year. "
Source: Prensa.com
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February 2011
In 2010, the consolidated assets of the banking system totaled $ 71,932 million, 11.4% higher than 2009.
The superintendent of banks, Alberto Diamond, said that net income reached $ 1,067 million in 2010, 16.1% higher than 2009.
"Diamond specified that deposits in the domestic banking system amounted to 44.195 million dollars in 2010, of which 44.3% are fixed term deposits, 18% savings and 15% cash deposits," adds Prensa.com.
December 2011
Internal deposits in individual savings accounts in the banking systems amounted to $25 billion.
The confidence of Panamanian and foreign savers is reflected in the amount of deposited funds in the countries banks, which has grown considerably in the last few years.
Of all the money deposited in the system, internal funds have shown the greatest growth, which at the end of the third quarter was 11% more than in the same period in 2010.
December 2009
In September, managed assets reached $64.09 billion, a 0.63% increase when compared to the same period of 2008.
Mario de Diego, executive vice president of the Banking Association of Panama, stressed the Center's solidity, whose assets continue to grow and maintains good liquidity.
May 2012
While in 2011 Costa Rica’s economy grew by 4.1%, the assets of the banking system increased by 8%.
The financial system of Costa Rica made a giant leap in the second half of 2011, with assets of the 17 constituent entities increasing their growth rate from 2% in June to 8% at the end of the year.
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