The financial soundness indicators show that the CBI continues to be resilient, contributing to financial stability.
Banks making up the International Banking Center (CBI) show a 6.13% and 6.76% growth in loans and deposit portfolios, respectively.
At the end of May 2024, the net credit portfolio reached USD 89.99 billion, representing an additional USD 5.70 billion compared to the same period last year when it reached USD 84.29 billion.
The total deposit portfolio reached USD 106.03 billion, representing an additional USD 6.12 billion compared to the same period last year, when it totaled USD 99.91 billion, according to the Banking Activity Report as of the end of May 2024.
This increase not only suggests greater confidence from international investors but also an effective expansion into foreign markets.
Meanwhile, the domestic credit portfolio of the National Banking System (SBN) recorded a balance of USD 61.85 billion. This amount shows an increase of 4.9% compared to the same period last year, representing a growth of USD 2.87 billion.
During the cumulative period from January to May 2024, the SBN granted new loans totaling USD 9.81 billion, representing an increase of 18% compared to the same period last year.
CBI's total assets reached USD 147.93 billion, a year-on-year increase of USD 7.04 billion, or 5%, resulting from a strategy to optimize the return on productive assets and active, strategic management of available resources. This approach has strengthened the CBI's capital and liability structure, contributing to both profitability and the mitigation of potential risks throughout 2024.
Regarding liabilities and equity of the SBN, it reached a balance of USD 131.77 billion, representing a growth of 6.30% compared to the same month last year, an increase of USD 7.81 billion.
The report issued by the SBP specifies that the CBI maintains prudential indicators higher than the regulatory minimums, although risk factors are identified and monitored to ensure a stable and resilient financial environment.
It is important that banking entities continue improving their risk management practices and strengthen their capital reserves to ensure an effective response to fluctuations in portfolio quality and other emerging challenges in 2024.
For more information on the results of this report, please visit our website at www.superbancos.gob.pa/Statistics.
