Last Panamanian Banking Activity Report Revealed
The last Banking Activity Report revealed a few days ago with statistical information until October 2018, shows a small increase in domestic credit compared to October 2017, when comparing the credit portfolio of both Octobers, 2018’ shows an increase of 2,542 million dollars.
The increase is only driven by the private sector as the credit portfolio of the public sector closed with a decrease of 33 million (-4.1%) compared to October 2017.
Of the credit portfolio of the private sector, the clusters with the highest relative growth were Industry with 25.5% growth (678 million) and agriculture with 14.4% (60 million).
Despite the increase in the credit portfolio of the private sector, Mining closed with a significant relative decrease of 19.1% (8 million).
The credit portfolio reached 54,146 Million in total of which the most important clusters within the Private Sector are: Mortgages with 16,809 Million which grew 950 million; Consumption with 11,812 Million with a growth of 910 million and Trade of 11,570 Million that closed with a decrease of 31 million.
Regarding the quality of the Banking System portfolio, the delinquency ratio of more than 30 days is 3.7%, where the delinquent credit (30 – 90 days) represents 1.7% and the overdue (more than 90 days) 2.0%.