Awards for Excellence 2008: Panama
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BANKING

Awards for Excellence 2008: Panama

Best bank: Banco General

Banco General continues to lead the residential mortgage market, with a 31.5% market share in December 2007, and has now developed a foothold in the corporate and retail segments. The bank has also diversified into other financial services including private banking and corporate finance. In 2007, the bank acted as lead arranger on five debt deals, including four bond transactions.

In terms of domestic deposits, the bank had a 25.8% market share in December 2007. In March 2008, the return on equity of the retail division was 27.09% and total net income increased by $57.2 million (156%) and total assets increased 108% to $7.45

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