The International Banking Center (IBC) offers investors over 100 Banks from more than 32 countries around the world, especially from Asia, Europe and the Americas. Some of these banks carry out their operations to and from Panama, as a consequence of the favorable banking environment.
The IBC focuses on efficiency, reliability regulation of the banking center, supervision, security of the system, free flow of capital, historical background records, application of international standards and best practices that have made it one of the strongest banking centers in the region.
At the end of December 2013, the banking center of Panama reflected a continued dynamism in the banking supported by its strength both in financial indicators such as adequate levels of solvency. The assets of the banking center at the end of 2013 amounted to USD 97 billion 928 million, which represents an increase of 9.1% compared to 2012, in numbers released by the Superintendence of Banks of Panama.
The domestic credit increased 10.4%, which is consistent with the growth of the Panamanian economy, for which a positive performance is expected of 8.5% in 2014.
The credit was driven by portfolios of mortgage loans (13.5 % more), consumer (13.5%) and interim construction financing (23.9 %).
Meanwhile, the quality indicators of the portfolio reflect "an improving trend", with a total delinquency increased from 3.4 % in 2010 to 2.4 % in 2014. Liquidity, meanwhile, remains at levels close to 60 % in the Banking System.
In addition, Panama is one of the most secure international offshore centers in the world. The Panama Stock Exchange is one of the fastest-growing in the region. Since beginning operations in 1990, the local securities market suffered a positive transformation that allowed the widening of the market and increased the number of intermediaries in the first decade of operations.