During the past year, Panama's banking center experienced a 6% increase in its assets, reaching the figure of 156 thousand 392.8 million, and an 8.2% rise in profits. These results exceeded expectations and projections set for 2024.
The performance of the Panamanian banking sector during the mentioned period pleasantly surprised credit rating agencies, as it achieved growth above the initially estimated. This growth translated into a strengthening of the country's financial sector and positively contributed to the national economy.
"We are very satisfied with the results obtained last year, exceeding growth projections. This demonstrates the strength and stability of our banking center, as well as the confidence and stability of our financial system," said the president of the Panama Banking Association.
The banking sector of Panama continues to demonstrate its resilience and ability to adapt to the challenges of the current economic environment. The positive figures obtained in 2024 reinforce Panama's position as one of the leading financial centers in the region.
