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's Banco General income grows 58.9%

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

Thursday, February 12, 2009

©image: Banco General

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..."

Source: Prensa.com

Key entities

Banco General (Panama)

Countries

Panama

Insight

Profits increase profit Banking

Panama: Banco General Increases Profits 17%

October 2009

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

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".

Panamanian Cooperatives Increase Profits by 50%

May 2009

At the close of fiscal year 2008, net income was $18 million, according to the Panamanian Autonomous Cooperative Institute (IPACOOP).

There are currently 458 cooperatives, of which 86% closed with profits, said Ramón Rodríguez, IPACOOP deputy executive.

Wilfredo Jordán reported the deputy director’s statements: "Cooperative profits are recorded after discounting 35% for reserves or social support.

Grupo Assa Gets Foothold in the Region

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.

Metrobank: The Panamanian Bank with the Most Profits in 2008

March 2009

Among the banks with national capital, Metrobank had the highest net income growth (462%) during 2008.

For 2008, the bank reported $2.2 million in net income, an increase of 462% compared with 2007 which closed with $405,158.

According to Prensa.com, Rolando de León, vice president of the bank's treasury, said that "this exponential result is a direct consequence of the increase reflected by the balance in the loan portfolio which concentrates on the corporate and business segment and is our main business niche."

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