At the end of September, assets belonging to the Panama International Banking Center totaled nearly $87 billion, which represents an increase of 11.6% compared to the same period of 2011.  A statement by the Superintendency of Banks of Panama reads:

Panama’s International Banking Center still has solid performance

Solid and reliable results were presented at the end of October for the International Banking Center (CBI) in both its deposit base, loan portfolio and financial performance expressed by its bottom line and profitability indicators.

Domestic credit to the private sector grew by 14.76%, total deposits by 10.61% and cumulative net income by 13%, according to the October executive report from the Superintendency of Banks of Panama.

Total assets at the end of October 2012 amounted to U.S. $87.864 million, of which $43,663,000 corresponds to total domestic assets and $44,201,000 to foreign assets.

This influenced the growth performance of 10.48% of the CBI, compared with the same period last year.