Bank of the Year Panama

Bank of the Year Panama

Corporate & Sovereign Strategy Bonds

Amid Panama’s stable growth, Banco General is faced with stiff competition in both corporate and retail banking. General has diversified its portfolio across loans, credit cards and corporate finance this year, while looking internationally for funding. General’s total assets grew 11.5% at June 2015 year-on-year, reaching $14.2 billion, a faster pace than competitor BAC International Bank, which recorded 9% growth. At June 2015, the bank’s profits were up 7% year on year, while its tier one capital ratio reached 17%, double the national requirement of 8% and sharply higher than other Panamanian lenders. General manager Raúl Alemán stresses the importance of keeping a balanced portf

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