Best Bank Panama: Proceed with Caution
Panama’s Banco General has seen its assets and deposits grow and non-performing loans drop slightly in the 12 months to June 2009, despite the global downturn.
And while in the past it has made acquisitions, it will cool its heels for the time being, focusing on increasing liquidity levels.
Banco General is Panamas second largest bank with $7.9 billion in assets, and even in global financial crisis it has managed to maintain NPLs at a level lower than peers while keeping return on assets (ROA) and return on equity (ROE) higher than the competition.
According to Alemán, non-performing loans (NPLs) dropped to 0.66% in June from 0.72% in June 2008. This is the lowest NPL rate in Panamas banking system. HSBCs NPLs have grown to 2.3%...
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