Panama City, Panama – January 22, 2024 – The assets of Panama’s International Banking Center (CBI) grew 4.2% year-over-year in November 2023, reaching $146.1 billion, according to data from the Superintendency of Banks of Panama. The growth was driven by a 4.5% increase in the total loan portfolio, which reached $87.5 billion. This growth was largely due to the stock of loans extended in previous periods, as the performance of new loans has slowed significantly. In 2022, new loans grew by around 38%, but in the first 11 months of 2023, they grew by only 5%. Deposits at the CBI ...
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