Our Company
- About Us
- Our Publications
- Contact Us
Panama at your
fingertips
« INDEX »

- General Information
- Immigration
- History
- Government
- Economy
- Labor Laws
- Company Law
- Organizations
- Colon Free Zone
- Ports of Panama
- Panama Canal
- Maps of Panama
- Indigenous Tribes
- Carnival
- Pollera
- Panamanian Food
- Articles
- Hotels
- Restaurants
- Casinos
- Beaches
- Horse Racing
- Art & Culture
- Night Life
- Aviation
- Internal Transport
- Health
- Real Estate
- Car Rental
- Banks
- Tour Operators
- Shopping
- Bocas del Toro
- Chiriquí
- Coclé
- Colón
- Darién
- Herrera
- Los Santos
- Panamá
- San Blas
- Veraguas
- Old Quarter
- Boquete
- Volcán
- Cerro Punta
- Perlas Islands
- El Valle de Antón
- Coiba Island
- Taboga Island
- San Blas Islands
- Eco Tourism
- Sports
- Fishing
- Diving
- Surf
- Bird Watching
- Golf
- River Rafting
Interesting Websites
- The Visitor/El Visitante
- Visit Panama
- FOB Colon Free Zone
- Michael Lester Website
- The Bocas Breeze
- Latin Business Chronicle
- Fenix Panama
- Patronato Panama Viejo

Banks in Panama

Related Links

Panama is an international banking center. A law passed in 1998 modernized this sector and enhanced the Government's regulatory function. Banking institutions in Panama have strong ties to both Latin American and G7 countries. There are more than 120 banks in Panama City, making it a serious player in the international financial stage.

Panama's banking sector is one of the most dynamic areas of the economy. As of May 2003, Panama's 77 banks reported total deposits of $24 billion, and $33 billion in total assets, an eight percent decrease from 2002. In 2003, approximately five percent of the total credit portfolio represented loans to the public sector. Loans to the private sector in Panama reached US$11 billion, or 95 percent of total credit.

The banking legislation establishes three classes of operations. General license banks operate full service banks in Panama and compete for domestic deposits and loans (38 banks). International License or "Offshore" banks, can only accept deposits from persons or organizations located overseas (36 banks). Representative Offices can only perform representational activities (five banks). There are also two state-owned deposit-taking institutions. Foreign and Panamanian banks compete on equal terms. Banks are organized into two groups, the Panamanian Banking Association (Panamanian and Foreign Banks) and the Association of Panamanian Banks (only Panamanians banks). Banks are licensed and regulated by the Banking Supervisory Authority (Superintendencia de Bancos). Panama's banking system does not have a deposit insurance scheme.

Here is some contact information for the most important banks in Panama:

OFFICIAL BANKS

BANK
TEL #
WEBSITE
Banco Nacional de Panamá
205-2000
www.banconal.com.pa
Caja de Ahorros
205-1000
www.cajadeahorros.com.pa

GENERAL LICENSE BANKS*

BANK
TEL #
WEBSITE
Banco Continental de Panamá
303-7000
www.bcontinental.com
Banco Cuscatlán de Panamá
208-8321
www.bancocuscatlan.com
Banco General
303-5001
www.bgeneral.com
Banco Uno
270-5899
www.bancouno.com.pa
Citibank
210-5900
www.citibank.com.pa
Credicorp Bank
210-1111
www.credicorpbank.com
Global Bank
206-2000
www.globalbank.com.pa
HSBC Bank
263-5855
www.pa.hsbc.com
Metrobank
223-1666
metrobank@metrobank.com
Multicredit Bank
269-0188
www.grupomulticredit.com
Banistmo
270-0015
www.banistmo.com
Towerbank International
269-6900
www.towerbank.com

INTERNATIONAL LICENSE BANKS*

BANK
TEL #
WEBSITE
BAC Bank
206-2719
www.bac.net
Bancafé
264-6066
www.bancafe-pa.com
Banco Alemán Platina
303-7000
www.bancoalemanplatina.com
Banco de Bogotá
208-1111
www.bancodebogotainternacional.com
Banco de la Nación Argentina
269-4666
----------------
Banco de la Provincia de Buenos Aires
215-7703
www.bpba.com.ar
Banco del Pichincha Limited Panamá
264-7448
----------------
Banco do Brasil
263-6566
www.bb.com.br
Bancolombia
263-6955
www.bancolombiapanama.com
Banesco International Bank
269-3301
www.banesco.com
GNB Sudameris Bank
206-6900
www.gnbsudameris.com
Popular Bank
269-4166
www.pbt.com.pa

* Partial list of banks.

For the complete list or more information about the banks go to website of the Superintendency of Banks of Panama.

Related Links

Superintendency of Banks of Panama website
Banks Association of Panamá website (Spanish)

 

Copyright© Focus Publications (Int.), S.A.

Designed by Rainier Guillén Araujo

Go top of PagePrint this PageSend an Email