Panama Best Bank: Banco General

Panama Best Bank: Banco General

Panama has a deserved reputation as having Central America¹s most dynamic banking sector ­ and recent economic growth has meant there has been even more room for expansion. But this growth has, as yet, to lead to major changes in market share, with Banco General still the dominant player. The bank, as Panama¹s largest locally owned bank, possesses one of the largest branch networks in the country, significant market share and a reputation for consistency and conservative policies. ³Banco General has consistently executed a conservative strategy, building on its strengths and cautiously yet decidedly approaching new business initiatives,² says Diego Alcazar, an analyst at Fitch. ³Yo

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