By the executive report presented by the August, it says the international banks of panama will continue with the moderate growth and they will find the sustainability in the economic crisis consolidated to the security and international market confidence to sound well.
The banking asset will rise to USD 63.85 billion that is representing the growth with the by one year. Now after that, the variations reached to major because of the USD 684.5 net income considered with comparison to the previous year to the deposit over the -11.7 percentages and drop back of commission of the banks with 25 accurate percentages.
It portrays the level of operating cost to decrease by the significantly to minus 13.6 percentages in compare to previous years and the drop is concentrated over the paid heading interest. The utility seems to acquire the 1.5 percentages to 13.6 percentages with the January to August month.
A report mentioned that the deposit from the local customers will be funding to source from the system to reach USD 21 approximately to keep the balance in and 11.5 percentages as high growth in order to finds the consecutive success with the period. The December 2008 was the good year where the growth was much astonishing that this one and the foreign customers had a good deposit of over USD 15 billion as a balance to get the growth going to 24.8 percentages with the same period.
Local credit from the private sector is now getting rose to USD 21.56 billion and the 3.3 is the annual increasing has been noticed in term to the year progress. The foreign placement will be register as the USD 9.86 billion where the high increasing of the capital has been seen and the dynamic income was significantly sight. The major was the deposit from the banks in 186 days to make a dynamic change. The positive behavior will sustain the construction headings.
When it is to be broken down by the construction sector a high growth will be rhythm for the august 2009 month and the great rise was noticed with the interim housing heading to reach to 53.5 percentages by the mortgage credit and the positive dynamic support was there at the end to bring the business to premises. The housing heading is now reached to 10.5 percent of the phenomenon growth with the mortgage to reach to 10.6 percent.
On the other hand, the major consumption sector is noticing the moderate increasing by the august 2009 and it has posted the highest growth rate for the year that reaches to 5.3 percent. The industry has maintained the sustainability of the credit to 22 percent of the actual growth with the power production and the generation to 27.1 percent. It covered the beverage, ports, railroads and food.
However, the private foreign banks get their major contribution to the credit balance close to bank of panama. This could be the pointing out situation for the bank to grant to credit, foreign and the local banks. You can avail tons of information regarding this from the websites affiliated to it. Check out www.superbancos.gob.pa for the general information regarding the statistics reports and economy.