Best bank: Banco General
Banco General is the largest locally controlled private-sector bank in the market, with 26.9% market share in local private deposits and 17.7% in total loans as of December 2025. Its franchise has a depth that few domestic peers can match: it has more than two million customers, meaning that over 63% of Panamanian adults hold an account with the bank.
In 2025, Banco General delivered one of the strongest financial performances in its history, with a return on average assets of 4.12%
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