List of Banks in Panama
In this page we bring out a List of Banks in Panama.
Panama has a well-developed banking system and has become an important international banking hub for years, now the hub has more than 70 banks in the Bank Center.
The Banks in Panama are categorized by the Panamanian Banking Law in three different types of Banks, according to the license granted: General License Bank, International License Bank and Representation Office License; additionally there are two State Owned banks as show in the list bellow.
In the List of Banks in Panama we presented three general aspects of each bank: the most common bank name, the type of license granted and the capital source.
If you need more detailed information of each bank you can go to the dedicated bank page just click the link under each bank name.
If you need more comparative statistics of the bank hub please visit our Panama Banks Statistics section.
List of Banks in Panama
|Banco Nacional de Panama||State Bank||Panama|
|Caja de Ahorros||State Bank||Panama|
|BAC International Bank||General License||Colombia|
|Balboa Bank||General License||Panama|
|Banco Aliado||General License||Panama|
|Banco Azteca||General License||Mexico|
|Banco Citibank||General License||USA|
|Banco Davivienda||General License||Colombia|
|Banco de Bogota||General License||Colombia|
|Banco del Pacifico||General License||Ecuador|
|Banco Delta||General License||Panama|
|Banco Ficohsa||General License||Honduras|
|Banco G&T Continental||General License||Guatemala|
|Banco General||General License||Panama|
|Banco Lafise Panama||General License||Nicaragua|
|Banco Panama||General License||Panama|
|Banco Pichincha||General License||Ecuador|
|Banco Prival||General License||Panama|
|Banco Universal||General License||Panama|
|Bank of China Limited||General License||China|
|BBP Bank||General License||Ecuador|
|BCT Bank||General License||Costa Rica|
|BICSA||General License||Costa Rica|
|Canal Bank||General License||Panama|
|Capital Bank||General License||Panama|
|Citibank, Sucursal Panama N.A.||General License||USA|
|Credicorp Bank||General License||Panama|
|FPB BANK||General License||Brazil|
|Global Bank||General License||Panama|
|Korea Exchange Bank||General License||South Korea|
|La Hipotecaria||General License||Panama|
|Mega International Commercial Bank||General License||Taiwan|
|Mercantil Bank||General License||Venezuela|
|MMG Bank||General License||Panama|
|ST. Georges Bank||General License||Nicaragua|
|The Bank of Nova Scotia (Panama)||General License||Canada|
|ANDBANK (Panama)||International License||Andorra|
|Atlantic Security Bank||International License||Cayman Island|
|Austrobank Overseas (Panama)||International License||Ecuador|
|Bac Bank||International License||Colombia|
|Banca Privada D'Andorra,( Panama )||International License||Andorra|
|Banco Colpatria Sucursal Panama||International License||Colombia|
|Banco Corficolombiana (Panama)||International License||Colombia|
|Banco Credit Andorra (Panama)||International License||Andorra|
|Banco Credito del Peru||International License||Peru|
|Banco de Bogota (Panama)||International License||Colombia|
|Banco de la Nacion Argentina||International License||Argentina|
|Banco de Occidente (Panama)||International License||Colombia|
|Banco Internacional de Peru (Interbank)||International License||Peru|
|Bancolombia (Panama)||International License||Colombia|
|BHD International Bank (Panama)||International License||Dominican Republic|
|BSI Bank (Panama)||International License||Swiss|
|First Central International Bank||International License||Venezuela|
|GNB Sudameris Bank||International License||Colombia|
|GTC Bank, Inc.||International License||Guatemala|
|Helm Bank (Panama)||International License||Colombia|
|Inteligo Bank||International License||Peru|
|International Union Bank||International License||Venezuela|
|PKB Banca Privada (Panama)||International License||Swiss|
|Popular Bank & Trust||International License||Dominican Republic|
|Santander (Panama)||International License||Spain|
|Scotiabank Peru||International License||Peru|
|TAG BANK||International License||Brazil|
Below we an explanation of each type of bank license.
- State Bank
As you can see on the List of Banks in Panama there are two (2) State Banks, these banks can be generally viewed as safe and with good ratings.
The State Banks as their name implied are banks owned by the Government of Panama and under the Panamanian Banking Law.
They can perform business only at Panamanian territory.
- General License Bank
This license type is the more commonly used among the Banks in Panama, in fact in the List of Banks in Panama publish here at Panama Banks you will find that the 62% of the Banks in Panama are under an General License.
This type of license allow the Bank do business in Panamanian territory as well as abroad, and therefore the more widespread used.
- International License Bank
This license type is the less commonly used among the Banks in Panama, in fact in the List of Banks in Panama publish here at Panama Banks you will find that only 36% of the Banks in Panama are under an International License.
This type of license allow the Bank do business only overseas Panamanian territory.
- Representation Office License
The Representation Office is not an authentic Bank per se; in fact with this kind of license the Panamanian local authority do not award a Bank License and the right to do business as Bank, the asking corporation for this license must have a granted License by another banking authority from abroad. In other words an overseas Licensed Bank can establish a representation office at Panama Banking hub under this kind of license.
This Representation Offices are not listed on this List of Banks in Panama, as we publish all the Representation Office in a separated list.
If you would like to know more about the banking regulation please visit our Banking Law page where we write more about the banking rules.t