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Latin America Investment News on Viva Tropical

Panama’s Banking Sector Roaring Ahead

Article Summary:

Despite the volatility of international markets and the uncertainty posed by global economic difficulties in the U.S. and European debt problems, the banking sector is maximizing the economic boom in Panama, which closed 2011 with 10.5% growth.

Original Article Text From Prensa via Google Translate :

Fires increase in bank profits

Banks operating in the international banking center of Panama began the year with a growth dynamic hard to match at least the last decade.

Net income for January 2012 was $ 147 million, representing a growth of 62.9% compared with the previous year, according to a report from the Superintendent of Banks.

This performance resulted in a Return on average assets (ROA) of 2.30% and Return on Average Equity (ROE) of 20.28%, very positive, compared with the records to December 2010 and January this year.

Despite the volatility of international markets and uncertainty posed to global economic difficulties in the U.S. and European debt problems, the banking sector is maximizing the economic boom in Panama, which closed 2011 with a growth of 10.5 %.

Lending, which is the core business of banks, recorded growth above 15%. The portfolio of investments and deposits also exhibit good behavior.

Link to Original Article:

From Prensa

Latin America Investment News on Viva Tropical