The credit portfolio of the International Banking Center (ICB) reached US$94.859 million as of October 2024, reflecting a year-on-year growth of 8.9% compared to the US$87.096 million recorded in the same period of the previous year, according to the Banking Activity Report (IB) issued by the Superintendence of Banks of Panama (SBP).

This sustained growth is attributed to the positive performance of both the internal segment, which highlights the strength of the domestic market, and the external one, which reflects a strategy of greater geographical diversification in the credit operations of the banking system.

On the other hand, deposits also showed a significant increase, with a growth of 7.3% that brought their total to US$108.880 million, compared to US$101.451 million the previous year. This consolidates deposits as the main source of funding for the banking system. This increase in fundraising reflects both the confidence of local savers and the strengthening of the preference of international investors for the stability of the system.

The total assets of the CBI stood at US$153.564 million, marking a growth of 7.7% (equivalent to an additional US$11.013 million). This result shows a solid expansion of income-generating assets and prudent risk management, highlighting an active balance sheet optimization strategy.

Financial indicators reinforce the robustness of the Panamanian banking system. Liquidity rates stood at 53.6%, while the capital adequacy index reached 15.9%, far exceeding the regulatory requirements of the Liquidity Coverage Coefficient (LCR).

Overall, the results of the IBC reflect a system resilient to global economic challenges, positioning it favorably to face the challenges of the coming months.