Best Bank - Panama

Nov 1, 2010

Banco General takes top prize for Panama for the second year in a row.

With a leadership position in residential real estate, significant growth in deposits and enviable ROA, General is in prime position to take advantage of infrastructure, tourism and housing business from Central America’s fastest growing economy.

Although the global economic downturn had a negative effect on the local economy – which grew only 2.4% last year, down from an average of 10% for the prior three years – General grew both assets and deposits in 2009, despite a 3% decrease in loan demand nationwide, according to Moody’s. Preliminary data suggests that the economy is rebounding, on track to post 5% growth for 2010 according to Moody’s....

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