The balance of consumer loans granted by banks with a general license in Panama has shown sustained growth of 4.43%, reaching a total of USD 13,9 billion, according to the Banking Activity Report (IAB) as of July 2024, issued by the Superintendency of Banks of Panama (SBP). This increase is equivalent to USD 592 million more than in the same period of the previous year.
The deposit portfolio of the National Banking System (SBN) grew by 4.41%, reaching USD 92,9 billion, representing an increase of USD 3,9 billion compared to the same period in 2023.
The total assets of the National Banking System (SBN) amounted to USD 131,8 billion, reflecting an increase of 4.21% or USD 5,3 billion more compared to the previous year. This growth is largely due to the positive performance of the loan portfolio, which accounts for 21% of total assets.
The net loan portfolio of the SBN totaled USD 84,5 billion, showing an increase of USD 6 billion or 7.68% compared to last year. Additionally, new loans disbursed reached USD 124,5 billion, representing a 13.4% increase in credit flows.
These results suggest a higher level of confidence from both international markets and the local environment with the start of the new government administration. This positive effect appears to be reflected in the financial sector, where conditions for granting credit remain stable.
It is crucial for banks to continue diversifying their loan portfolios across different economic sectors to reduce exposure to sector volatility and ensure greater financial stability.
For more information on the variables that explain the results of this report, please visit our website at www.superbancos.gob.pa/estadistica.
