“In the last two months, after the inauguration of the new President of the Republic, José Raúl Mulino, and the recent general election, an environment of trust and optimism has been generated in the country,” said the VP of the Prival group.

The Senior Vice President - CFO of Grupo Prival, Rolando De León De Alba, indicated that banking in Panama is seeing growth in loans and deposits, due to the change in the country's economic environment that has caused banks to project a more promising future. , aligned with the expectations of continued growth.

However, he assured that several challenges persist, such as the recovery of employment, crucial to improving the levels of credit granting, and structural problems such as fiscal problems and those of the Social Security Fund (CSS), which are anticipated to have a significant impact. in the coming months.

“In the last two months, after the inauguration of the new President of the Republic, José Raúl Mulino, and the recent general election, an atmosphere of trust and optimism has been generated in the country,” said De León.

He added that this context has been decisive for investors and entrepreneurs to adopt a more creative attitude and be willing to assume the risks associated with new investments and business strategies.

According to the Superintendency of Banks of Panama (SBP), as of June the net credit portfolio grew by 7.58%, reaching a balance of US$ 91,717 million, while the deposit portfolio also shows positive growth, with a total of US$ 106,031 million, which is equivalent to an increase of 5.06%, compared to last year.

De León also mentioned that another factor that continues to be a challenge for this growth of banking is the situation of the mine, since it is an issue of both national and international relevance, and despite these challenges, general optimism has driven people to take debt initiatives, while banks prepare to meet this growing demand.