Panama’s Financial Strength affirmed by the IMF
(knightsbridgeinvest.com) Panama’s banking sector and strength has been acknowledged by the International Monetary Fund, who has a mission currently visiting Panama. Gustavo Villa, of the IMF delegation, made specific reference to the solid results as well as the positive balance of the overall financial strength within the financial system.
Figures quoted by the IMF group, included Panama’s liquidity at $14 billion, internal credit portfolio showed a growth of 19% and the deposits received from individuals grew to 17,4%.
Hector Alexander, Minister of Economy and Finance, mentioned that the studies and conclusions were ideal to display that the banks, despite the more stringent lending practices, have continued on a growth curve, and do not display any potential threats as what is occurring around the worlds financial markets.
