The assets of the International Banking Center increased by 3.2%

He International Banking Center (CBI) recorded a resilient performance with liquidity and solvency indicators that recorded levels of 56.7% and 15.5%, respectively, with an index above the required regulatory minimums of 30% and 8%, respectively.

The net loan portfolio of CBI reflects an increase of 11.3% reaching the amount of 83,489 million dollars, representing an absolute variation of 8,488 million dollars, compared to the same period of the previous year.

Net loan supply remains on a positive path, and good payment behavior is reflected in the non-performing portfolio percentage of 2.4%, which has remained relatively stable in recent months.

The CBI assets was $139,269.7 million, an increase of $4,331.0 million or 3.2% year-over-year.

In terms of bank funding sources, deposit sources account for a high percentage of the CBI’s funding and finance its credit operations, resulting in a low dependence on wholesale funding through debt issuance in a market that tends to be more volatile.

The financing strategy of banks consists in supporting their activities with term deposits, demand deposits (savings and current), and later with issues.

Deposits of International Banking Center (CBI) amounted to 98,225.7 million dollars.

The banks have a stable and adequate funding profile, taking into account that the portfolio is largely financed by term deposits and that they have high renewal rates, according to the report of the Banking Supervisory Board of Panama.

The February 2023 IAB results show that banking entities are currently mitigating mismatches in their assets and liabilities with funding lines with local banks and external correspondents, comfortable levels of liquidity when assessed against regulatory standards and the ability to participate in the bond market.

The International Banking Center (CBI) recorded a resilient performance reflecting adequate liquidity, solvency, profitability indices and continued growth in loan issuance.