The Panama Banks October 2023 report unveils a 4.3% surge in the International Banking Center's net loan portfolio, reaching US$87.1 billion. Despite a 4.9% dip in new credits, the sector adapts amid interest rate adjustments, emphasizing risk management for sustained financial health.
Discover how ACH Xpress is reshaping Panama's banking landscape, boasting over 2 million active users. Juan Melillo, Caja de Ahorros' General Manager, hails the positive impact on financial experiences. Banistmo's Aimeé Sentmat de Grimaldo emphasizes speed and security, while BAC Panama's Ramón Chiari supports innovations for a simplified digital life. Despite the benefits, the article underscores the need to educate consumers on the gradual shift towards a more connected, digital economy.