Banking

With a dollarised economy, low inflation and relative political stability, Panama remains a highly attractive regional financial centre. Recording strong performance in 2014, the country’s International Banking Centre, which contributes 7.5% to Panama’s GDP and comprises the national banking system and international banks, is well capitalised with total assets of some $111.4bn as of March 2015. In light of the country’s inclusion in the grey list of the Financial Action Task Force, authorities are currently taking steps to adapt sector legislation to enhance transparency and improve its anti-monetary laundering/counterfinancing of terrorism regime. The banking sector’s outlook is positive, with Panama’s economic environment likely to remain strong with steady growth in loans, deposits and overall assets, while the competitive landscape is likely to see the entrance of new players.

This chapter features interviews with Rolando de León de Alba, General Manager, Banco Nacional de Panamá; and Robert Williams, General Manager, Scotiabank Panama.

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Canal, from The Report: Panama 2015
First article from this chapter and report:
Panama authorities work to strengthen banking sector
Cover of The Report: Panama 2015

The Report

This chapter is from the Panama 2015 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Reducing risks: OBG talks to Robert Williams, General Manager, Scotiabank Panama
Robert Williams, General Manager, Scotiabank Panama: Interview

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