Outlook Positive for Banco Nacional de Panama’s Rating

Banconal’s  reflect a positive outlook is in line with Panama’s sovereign rating BB+ support it receive from its sole shareholder, the Republic of Panama. The ratings consider its strong brand franchise, ample liquidity, low cost deposit base along with sound capitalization.
Banconal is in the process of a IT overhaul.  The goal that this process is achievable rapidly. Once the technology is in place non-interest revenues should grow faster.
Banconal is Panama’s largest state-controlled commercial bank and the third largest bank in the country by assets.  As of March 2009 the bank holds 9.2% of the Panama banking system’s assets. Consumers’ confidence increased 8.3 points in Panama over the last quarter.
For more info on finances see panamaQmagazine.com

Banconal’s  reflect a positive outlook is in line with Panama’s sovereign rating BB+ support it receive from its sole shareholder, the Republic of Panama. The ratings consider its strong brand franchise, ample liquidity, low cost deposit base along with sound capitalization.

Banconal is in the process of a IT overhaul.  The goal that this process is achievable rapidly. Once the technology is in place non-interest revenues should grow faster.

Banconal is Panama’s largest state-controlled commercial bank and the third largest bank in the country by assets.  As of March 2009 the bank holds 9.2% of the Panama banking system’s assets. Consumers’ confidence increased 8.3 points in Panama over the last quarter.

For more info on finances see panamaQmagazine.com

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