Best Bank Panama: Proceed with Caution

Best Bank Panama: Proceed with Caution


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 Panama’s 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 Panama’s banking system. HSBC’s NPLs have grown to 2.3% in June 2009 from 0.9% a year earlier and Banco Nacional’s have increased to 2.7% from 2.6% in

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