Colombia and Peru lead the portfolio of external deposits in the banking system of Panama

Colombia and Peru lead the external deposits of the International Banking Center (CBI) of Panama, a portfolio that closed last November with a balance of US$ 36.115 million, reported this Friday the Superintendency of Banks of the Central American country (SBP).

As of last November, in relation to the same period of the previous year, external deposits registered an increase of US$ 1,836 million, reaching a balance of 36,115 million, indicated an informative summary of the Panamanian regulatory entity.

Most of the funds in the foreign deposit portfolio “They come from Colombia and Peru, followed by Venezuela, the Dominican Republic, Costa Rica and Ecuador.”, added the Superintendency in its report.

According to official data, Colombia widely leads the segment with a 21.2% share in the external deposit portfolio, followed by Peru with 6.4%, Venezuela with 5.7%, the Dominican Republic with 5.6%, Costa Rica with 5.5% and Ecuador with 5%.

The Superintendence highlighted that external deposits “They are the ones that have maintained the dynamism of deposits in the financial system this year and reflect the public’s confidence in the CBI”, which is made up of 66 institutions and which to date has assets of US$ 143.123 million, according to the agency’s data.

“The shocks that can exist in those countries make you seek the security of money and your assets in a strong currency. Despite the impact that the dollar has had with the rise in interest rates in the United States, Panama represents a solid market to invest”, said the Panamanian bank superintendent, Amauri Castillo, according to the local newspaper La Prensa.

As of last November, CBI deposits (both internal and external) totaled US$ 98,848.8 million, with an increase of 1,713.8 million (1.8%) compared to the same month of the previous year, indicated the regulatory entity.

Source: EFE