Panama's Banking Center Remains Solid

©image: Vladimer Shioshvili

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.

According to data from the Panamanian Banking Superintendence, "... domestic deposits rose to $21.13 million, a 12.8% increase if compared to the same period of 2008", reported Ansalatina.com.

Source: Ansalatina.com

More on this topic

Panamanian Banking Center Grows 11.4%

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.

Panama: Deposits Double in Five Years

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Most of the savings are held by individuals and local licensed banks.

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.

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Panamanian Banking Center Grows by 13.7%

February 2012

The International Banking Center, closed 2011 with assets of $81,675 million, an increase of 13.7% compared to the same period last year.

A press release from the Superintendency of Banks in Panama states:

The CBI report was released during a presentation entitled "International Banking Center: Performance 201,", by Dr. Alberto R. Diamond, Superintendent of Banks.