Myths of the Panamanian Bank Accounts
Panamanian bank accounts are often surrounded by myths and taboos. In this article, part of our Panama Bank Account series,...
List of Banks In Panama
List of Banks In Panama
- Panama Banks
- Posted:
- 22 Comments
- Last Update: January 25, 2024
Welcome to our comprehensive List of Banks in Panama, meticulously curated to include all active banks as of the last update date.
Here, you will find a detailed list of all the 57 banks, providing valuable insights into Panama’s dynamic banking landscape.
List of Banks in Panama 2024
| Bank | Type | From |
|---|---|---|
| Allbank | General License | Venezuela |
| BAC | General License | Colombia |
| Banco Aliado | General License | Panama |
| Banco Azteca | General License | Mexico |
| Banco Davivienda | General License | Colombia |
| Banco de Bogota | General License | Colombia |
| Pacific Bank | General License | Honduras |
| Banco Delta | General License | Panama |
| Banco Ficohsa | General License | Honduras |
| Banco General | General License | Panama |
| Banco La Hipotecaria | General License | Panama |
| Banco Lafise Panama | General License | Panama |
| Banco Pichincha | General License | Ecuador |
| Banco Prival | General License | Panama |
| Bancolombia | General License | Colombia |
| Banesco | General License | Venezuela |
| BANISI | General License | Ecuador |
| Banistmo | General License | Colombia |
| Bank of China Limited | General License | China |
| BBP Bank | General License | Ecuador |
| BCT Bank | General License | Costa Rica |
| Bi-Bank | General License | Guatemala |
| BICSA | General License | Costa Rica |
| BLADEX | General License | Multinational |
| Canal Bank | General License | Panama |
| Capital Bank | General License | Panama |
| Citibank | General License | USA |
| Credicorp Bank | General License | Panama |
| Global Bank | General License | Panama |
| Keb Hana Bank | General License | South Korea |
| Mega International Commercial Bank | General License | Taiwan |
| Mercantil Banco | General License | Venezuela |
| Metrobank | General License | Panama |
| MMG Bank | General License | Panama |
| Multibank | General License | Colombia |
| Scotiabank | General License | Canada |
| St. Georges Bank | General License | Nicaragua |
| Towerbank | General License | Panama |
| Unibank | General License | Panama |
| ICBC | General License | China |
| ASB Bank | International License | Peru |
| Austrobank Overseas | International License | Ecuador |
| Banco Davivienda Internacional | International License | Colombia |
| Banco de Bogota | International License | Colombia |
| Banco de Credito del Peru | International License | Peru |
| Banco de Occidente | International License | Colombia |
| Bancolombia | International License | Colombia |
| BHD International Bank | International License | Dominican Republic |
| BPR Bank | International License | Dominican Republic |
| GNB Sudameris Bank | International License | Colombia |
| Inteligo Bank | International License | Peru |
| ASB Bank Corp. | International License | Peru |
| ITAU | International License | Brazil |
| Popular Bank | International License | Dominican Republic |
| TAG Bank | International License | Brazil |
| Banco Nacional de Panama | State Bank | Panama |
| Caja de Ahorros | State Bank | Panama |
Delve into our user-friendly page, meticulously crafted to offer a comprehensive insight into Panama’s robust banking sector—a pivotal global banking hub that has evolved significantly over time.
Our list features prominent banks, highlighting key details such as the bank’s name, the type of license it holds, and its capital source.
For a deeper understanding of each bank, navigate effortlessly by clicking on the provided link beneath the bank’s name, directing you to a dedicated page with more intricate information. Explore Panama’s financial realm with ease through our thoughtfully organized list.
Panama Banks Categories
Panama’s Banking Law classifies banks into three distinct categories:
- General License Bank
- International License Bank, and
- Representation Office License.
Additionally, there are two state-owned banks. Our comprehensive list furnishes detailed insights into the license type of each bank, facilitating a clear understanding of the range of banking services they offer.
State-Owned Banks
The two state-owned banks featured in our List of Banks in Panama are recognized for their stability and commendable ratings. These institutions are wholly owned by the Government of Panama and operate exclusively within the confines of Panamanian territory.
General License Banks
The General License Bank is the most commonly used license type among the banks in our list, with approximately 70% of them falling under this category. These banks are licensed to conduct business in both Panamanian territory and abroad.
International License Banks
Constituting a less frequent category, the International License Bank comprises approximately 20% of the listed banks. These institutions are exclusively licensed to conduct business overseas and are not permitted to operate within Panamanian territory.
Representation Office License
The Representation Office License is not an actual bank, but a license that allows an overseas licensed bank to establish a representation office in the Panama banking hub. These offices are not listed in our List of Banks in Panama, as we publish them separately.
More Information
For a more in-depth understanding of banking regulations, we encourage you to explore our Banking Law page, where we elaborate further on the pertinent rules governing the sector.
At Panama Banks Info, we are dedicated to offering our users comprehensive and user-friendly information on the Panamanian banking system. If you seek additional comparative statistics on the banking hub, we invite you to peruse our Panama Banks Statistics section. We appreciate your choice of Panama Banks as your primary resource for all matters related to banking in Panama.
Popular Related Information
Share
Facebook
Twitter
LinkedIn
WhatsApp
Email
22 thoughts on “List of Banks In Panama”
Can i get a list of banks which opens account remotely my company is incorporated in UAE and Belize
Please note that regardless of where the company is incorporated, it is important to be aware that most banks require a physical branch visit to open an account. This is due to the local laws and regulations that mandate a KYC verification process for account opening. Therefore, it is unlikely that you will find a bank that allows remote account opening for your company.
Hello,
Could you please let me know if there is a bank that has affiliates in Dubai? I have a company in Dubai and Costa Rica and like to open a bank account in Panama.
Hello,
To our knowledge, there is currently no bank with affiliates in Dubai that allows you to open a bank account in Panama. However, there are alternative options available to you.
One option is to contact a local Panamanian law firm that specializes in assisting foreign companies with opening bank accounts. They can handle most of the paperwork and guide you through the process. It’s possible that at some point, you may need to make a brief visit to Panama to sign the necessary documents in person.
Alternatively, you can choose to handle the entire process on your own without the assistance of a law firm. However, this may require more time and effort on your part, as you will need to familiarize yourself with the legal requirements and procedures in Panama. Additionally, you may still need to make a few visits to Panama to complete the necessary steps.
It’s worth mentioning that opening a Panamanian company could be the most straightforward solution in your case. If your business activities are conducted outside of Panamanian territory and the income generated does not originate from Panama, it may not be subject to taxes in Panama. This option may offer additional benefits and flexibility for your company’s operations.
Good luck with your endeavor to open a bank account or establish a company in Panama!
Hiii dear
I want to open Bank account in Panama I am from Dubai United Arab Emirates kindly suggest which bank is best and can I open bank account remotely without physical presence.
Thank you
Unfortunately, we can’t recommend any particular bank as we must remain neutral and impartial about information related to Panamanian banks.
On the other hand, by law you can’t open an account remotely, banks in Panama are strict on this so they ask for a physical branch visit.
Is there a bank called ‘Offshore Bank of Panama’?
To our knowledge, only banks listed (by the date published) here are officially licensed to carry banking business.
Is Mr. Amaui Castillo still the Superintendent of Banks? if not,then who is? Is he in charge of the credit unions too? Thank you for answering these questions.
Hi Essie,
As long as we know, Mr. Amuri A. Castillo is currently and still the Superintendent.
About the credit unions, we can’t confirm or deny, as we don’t have any information about that subject.
Is there bank of America in Panama ?
Hi, no at the moment there is no Bank of America in Panama.
Is there a JP Morgan Chase or Deutsche Bank in Panama?
Hi Stephanie, sorry for the late response we will send the information to your email.
What is the safest and most used banks on Panama by USA expats?
Unfortunately, we can’t recommend any particular bank as we must remain neutral and impartial about information about Panamanian banks.
Is there HSBC in Panama City?
To our knowledge, only banks listed (by the date published) here are officially licensed to carry banking business.
In the past, there was an HSBC bank that was acquired/absorbed by another bank.
December 17, 2019
Hello, My name is Mildred Pratt. How do I contact the Superintendancy of Banks in Panama? Could I get a phone # and address please? Thank you for your time.
Mildred Pratt
Hello Mildred, the info has been sent to your email.
My wifes dad wants to give her cash in Panama to bring home to U.S. Should she go to a bank and get cashiers check ? Travlers check ?If yes which bank?
Unfortunately, we can’t recommend any particular bank as we must remain neutral and impartial about information about Panamanian banks.