Positive performance of the Panamanian banking system

Local loans from the Panamanian banking system totaled US $ 47,726 in August 2016, up 9.9% on the previous year, according to the banking sector report of the Superintendency of Banks of Panama (SBP). According to the SBP, the sector that expanded the most according to the destination of the credit was that of companies Read more about Positive performance of the Panamanian banking system[…]

Banistmo reported growth in assets of more than 16% in three years of operation

  Panama. During this month, Banistmo subsidiary of Bancolombia Group, one of the most important banking conglomerates in the region, celebrates three years of operations in Panama and has its most significant accomplishments to date. The bank reported assets of the order of US $ 9.1 billion, representing an increase of 16.1% from the beginning Read more about Banistmo reported growth in assets of more than 16% in three years of operation[…]

Asian bank able to influence global economy

The Asian Infrastructure Investment (EBIT) is able to decisively influence the high demand for infrastructure in the region and in the global economy, a senior US official acknowledged. Treasury Undersecretary for International Affairs, Nathan Sheets, said Tuesday the relevance of EBIT, criteria circulating today strongly in specialized media. He added that this assertion is that Read more about Asian bank able to influence global economy[…]

the International Finance Summit begins today

With the presence of government authorities, representatives of the diplomatic corps and special guests, the first International Finance Summit, whose agenda addresses issues related to global and regional issues affecting foreign investment and international business and vision of organisms opens today international and multilateral banks on the challenges of the financial system and its contribution Read more about the International Finance Summit begins today[…]

Construction of Line 2 of Metro de Panama recorded 22% progress

The Panama Metro Secretariat reported that the works of Line 2 show an increase of 22%. Through a statement, the institution announced that remain open 20 work fronts, working on the construction of 11 of the 16 stations will line 2. “The stations construction are: Cinquantenaire Villa Lucre, Cerro Viento, San Antonio, Pedregal, Don Bosco, Read more about Construction of Line 2 of Metro de Panama recorded 22% progress[…]

From Washington: Government of Panama dismisses reviews opacity against financial commission

‘The position of the Republic of Panama is that the commission report be made public, as has already released the first report, “said Minister of Economy and Finance. Panama will publish the findings of the commission convened by the Government to review the practices of the financial industry, to recommend actions to promote transparency of Read more about From Washington: Government of Panama dismisses reviews opacity against financial commission[…]

Assets and deposits of banks increased

The International Banking Center of Panama closed July with assets of $ 118 000 602 million, representing an increase of 2.7% compared to the previous year. Local loan portfolio increased 10%. The Superintendent of Banks of Panama, Ricardo Fernandez said that “the lending business maintained a positive pace and more importantly it continues robust economic Read more about Assets and deposits of banks increased[…]

WTO appoints arbitrator in case Panama – Colombia

The World Trade Organization (WTO) Giorgio Sacerdoti appointed as arbitrator define the deadline for Colombia complies with the ruling in favor of Panama by the issue of tariffs Footwear and textiles. Sacerditi, and in 2009 he served as a panelist by similar circumstances but in a previous case and on that occasion gave a period Read more about WTO appoints arbitrator in case Panama – Colombia[…]