The credit portfolio of the International Banking Center (IBC) reached USD 94.859 billion, reflecting an interannual growth of 8.9% compared to the same period in the previous year, which stood at USD 87.096 billion, according to the Banking Activity Report (BAR) issued by the Superintendency of Banks of Panama (SBP) as of October 2024.
This sustained growth was significantly driven by the positive performance of both the domestic segment, highlighting the strength of the local market, and the international segment, which demonstrated a strategic shift toward greater geographical diversification in credit operations across the banking system.
Deposits experienced a 7.3% increase, totaling USD 108.880 billion, compared to USD 101.451 billion in the prior year. Deposits remain the primary funding source for the banking system, showcasing strong depositor confidence and strategic preference for local deposits, alongside bolstered international investor trust in the system's stability.
The total assets of the IBC reached USD 153.564 billion, representing a 7.7% growth, equivalent to an additional USD 11.013 billion. This expansion reflects robust growth in income-generating assets and prudent risk management, with an active strategy to optimize the balance sheet.
The IBC's results underscore a resilient system, with indicators reflecting its ability to withstand global economic challenges and its strong position for upcoming months.
Key metrics include a liquidity ratio of 53.6% and a Capital Adequacy Ratio of 15.9%, demonstrating the banking system's substantial compliance with the Liquidity Coverage Ratio (LCR) requirements, exceeding regulated averages.
For more details on the variables contributing to this report's results, visit our website at www.superbancos.gob.pa / Statistics.
