Panama’s International Banking Center (CBI) witnesses remarkable growth, with assets soaring to $146.1 billion, marking a substantial $5.9 billion increase. Fueled by a robust credit portfolio, the report highlights a 4.2% year-on-year surge, showcasing the sector’s resilience and dynamic financial performance throughout 2023.
Panama’s International Banking Sees Impressive $5.9B Asset Surge in 2023 Read More »
Panama celebrates a positive shift as it exits the FATF gray list, gaining approval from credit rating giants S&P and Fitch. While hailed as a win for the financial system, the analysts emphasize that this triumph won’t alter Panama’s credit ratings. Insights from Joydeep Mukherji and Todd Martinez shed light on the implications, emphasizing the pivotal role fiscal challenges play in shaping the country’s economic trajectory. The removal from the FATF list marks a potential boon for foreign investment and an improved business environment in Panama.
S&P and Fitch React to Panama’s FATF Success – What it Means for Investors Read More »
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Panama City, Panama - January 22, 2024 - The assets of Panama's International Banking Center (CBI) grew 4.2% year-over-year in...
Panama's International Banking Center (CBI) witnesses remarkable growth, with assets soaring to $146.1 billion, marking a substantial $5.9 billion increase....