The Superintendency of Banks of Panama published its Banking Activity Report, showing that the International Banking Center’s net loan portfolio reached USD 100,088.9 million as of October 2025, up 5.5% year on year. External lending drove the expansion, while deposits remained the main funding source and net assets rose 4.44% year on year to USD 160,378.3 million. Liquidity and solvency indicators were reported above regulatory minima, with legal liquidity and the liquidity coverage ratio at 53.4% and the capital adequacy index at 16.3%. The external loan book grew 12.38% to USD 36,832.2 million, compared with 1.63% growth in domestic loans to USD 63,256.7 million. Total deposits increased by USD 6,428.9 million (5.91%) to USD 115,289.7 million, led by external deposits (10.21%) versus domestic deposits (3.23%); within external funding, private-sector deposits rose 13.25%, supported by demand deposits (29.66%) and savings deposits (19.50%). New credit disbursements in the National Banking System totalled USD 22,199 million, 5.2% higher than the same period of 2024, with commerce accounting for around 47% of disbursements at USD 10,530 million (up 16.6% year on year); flows also increased for personal consumption (3.2% to USD 2,616 million), livestock (3.3% to USD 469 million) and mining and quarrying (from USD 5 million to USD 119 million).