From Panama you can do any banking transaction around the world with a simple and rapid financial service. The financial center is supported by 90 Banks that provides local and international financial services to corporations and individual. All activities of the financial center are supervised by the Superintendencia de Bancos de Panama, according to Decree Law No.9 (February 1998, as modified) and other financial practice regulations.
The financial center is one of the most stable of the region due to its support with the country macroeconomic foundation and the banking financial system assets which, are very consistently through the years. The strongest advantages of the Financial Center is that Panama is an economy without monetary exchange rate risk because the dollar currency is of legal circulation and a Central Bank for monetary control or restrictions does not exist. Other foundations of the international Financial Center are that the interest rates are adjusted to international rates and the highly liquidity reserve of the banking system.
Some information submitted by the Superintendencia de bancos, www.superbancos.gob.pa related to the consolidation of the Financial Center is as follows:
Liquidity
58.3% (2014)
60.9% (july 2013)
64.82% (june 2012)
Total Assets
US$108,661 million (2014)
US$97,922 million (2013)
US$89,772 million (2012)
Internal Deposits
US$23,069 million (2014)
US$34,861 million (2013)
US$37,542 million (2012)
Internal Credit
US$40,352 million (2014)
US$37,061 million (2013)
US$33,095 million (2012)
