Monday, February 26

Panamanian banking system continues to maintain a solid liquidity ratio of 56.7%

The new loan portfolio of the National Banking System (SBN) reached a balance of $ 15,959.9 million, according to the Banking Activity Report (IAB) as of November 2021, which represents an increase of 17%, comstopped with the same period of the previous year, which added $ 13,597.8 million, that is, an additional $ 2,362.1 million.

Lhe recovery of this portfolio is directly related to the success of the vaccination strategy, from which a substantial improvement in the percentage of positivity is derived, which in turn significantly impacts the credit movement, says a press release from the Superintendency of Banks of Panama (SBP).

It is important to mention that, financial intermediation has been distinguished by two phenomena: An increasing stability of the funding sources of the banking system, given a robust uptake of demand and savings deposits, mainly from individuals, and a loan portfolio that has begun to show positive signs in the context of a normalization process of most credit activities; The foregoing shows that the Panamanian financial system continues to maintain a solid and resilient position, with capital and liquidity levels above the minimum.

The liquidity index of the system reflects 56.7% as of November 2021, almost the
twice the regulatory minimum of 30% required by the Banking Law, while the index
The most recent capital adequacy ratio on risk-weighted assets was 16.14%,
which represents double the regulatory minimum of 8%. This performance is based on
robust regulatory parameters that have been adapting since the start of the pandemic
of coronavirus (Covid-19).

PFor its part, the SBN’s loan portfolio has improved, registering an increase of $ 1,875.0 million (2.82%), to reach a balance of $ 68,360.2 million.

External loans increased 11.7%, while the local portfolio showed a superior performance of 0.54%.

The IAB reflects that the assets of the CBI amount to $ 132,821.0 million, which
represents an increase of $ 2,372.8 million compared to the same period of the year
above, that is, a year-on-year increase of 1.82%.