(Prensa.com) The assets of the International Banking Center (CBI) of Panama in the first half totaled 75.758 million dollars, 15.13% compared with the same period in 2010, said Friday the Superintendency of Banks of Panama (SBP).
Meanwhile, the national banking system’s assets reached 60.912 million dollars, 12.53% more than in the first half of last year, according to the statement presented by the SBP in the Panamanian capital.
The analysis identifies the loan portfolio as the main engine that has driven this growth, and identifies credit to the private sector accounts for a total of 25.925 million dollars, a segment led by the trading portfolio (28.6%), mortgages ( 27.7%) and personal consumption (21%).
As the private sector, the SBP said that the loan portfolios with greater growth in June 2010 to June 2011 were recorded in trade, 24%, especially aimed at the Colon Free Zone (CFZ), and industry, with 21%.
The PBS executives stressed that the quality indices of the portfolio have remained relatively stable, as it highlighted the Fitch Ratings in its latest rating of the country, stressing that the system has a lower default rate in Latin Central.
The total deposits of the IWC in June 2011 was estimated at 54.441 million dollars.
85% of the deposits are placed in general license banks and 15% in international license banks, said the company.