Thread: Panama Banking System Shows New Strength

Deposits in Panama top 50 billion dollars for the first time ever.

We welcome two new banks with a general banking license to Panama:

Banco Bolivariano (Panamá), S.A.
Banco G&T Continental, S.A. (BMF)

They have achieved 31 million and 2 million dollars in deposits respectively in their short period of operation.

Banesco Banco Universal, C.A. (under voluntary liquidation) has now transferred all but 0.31 million in deposits.
Recently BNP Paribas, the third largest bank in Panama as measured by deposits, announced that they would close operations.
BBVA also announced that they would only accept "local" deposits in the future.

Best wishes, Ed
PANAMA BANK GUIDE - LIST OF BANKS IN PANAMA

Good info Ed

Originally Posted by EdBowers

...Recently BNP Paribas, the third largest bank in Panama as measured by deposits, announced that they would close operations...

While we're on the subject, which is the largest bank (given the same criterion)?

Here are the ones with a general license: Banks in Panama - List of Banks in Panama with a General License

You can check the international ones too.

Best wishes, Ed

Originally Posted by Panamax

While we're on the subject, which is the largest bank (given the same criterion)?

Originally Posted by EdBowers

Here are the ones with a general license: Banks in Panama - List of Banks in Panama with a General License

You can check the international ones too.

Best wishes, Ed

Thanks for the info.