The Savings Bank reaches record profit

Financials

The Savings Bank reached a record number in its profit of last year, reaching $ 41 million dollars.

The figure represents the highest of its history and is derived from the business of financial intermediation, without extraordinary income.

Likewise, the bank reported that it was able to increase its operational efficiency index from 77% in 2014 to 59% in 2017, positively impacting the economic benefits for the institution and the quality of its services.

The results were presented this week by the bank, along with the balance of the business, figures for 2017 and the current situation of the bank, as well as its achievements, challenges and prospects for this year 2018.

At the end of 2017, total deposits were $ 3,366 million, which compared to December 2016, represent an increase of 15.8%, which shows, according to the bank, the scope of the various initiatives aimed at promoting the good habit of the saving.

READ MORE;http://laestrella.com.pa/economia/caja-ahorros-reporta-utilidades-41-millones/24059483

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Uncategorized
Hello PNO readers and contributors: 2021 Update.

Contributed by Steven and Bryson family It seems only right in sharing that after the many emails we have received from people we have come to know as friends and contributors, that December 2020 ended poorly. James “JB” Bryson, had his second TIA two days after Christmas. These are also …

Financials
Even during Pandemic, Scumbags exist. I will hold Nito to his words.

Bullshit Purchase orders and invoices for Medical supplies that are never received. Special place in HELL for these people. https://www.prensa.com/judiciales/ministerio-publico-investigara-falsificacion-de-documentos-denunciada-por-el-viceministro-de-la-presidencia/ The Attorney General of the Nation, Eduardo Ulloa , announced the opening of an ex officio investigation after the statements of the new Deputy Minister of the Presidency, Carlos GarcĂ­a , who denounced, on …

Economy
Panama poised to rise after Corona subsides according to Moody’s.

https://www.laestrella.com.pa/economia/200416/panama-sera-pais-rico-america-latina-2021-calificadora-moody-s Risk rating agency Moody’s evaluated Panama rated the country’s investment grade in baa1 with a stable expectation and strong growth in the medium term, although in lower percentages than in the last decade. Said rating is subject to very specific factors that the firm trusts will be implemented in …