A Guide to the Major Banks in Panama: From Largest to Smallest
From Global Powerhouses to Local Favorites - Learn About Panama's Top Banks and Their Services




Panama is an important financial center in Latin America and home to many international banks. The country has a stable banking system and favorable regulations, making it an attractive location for foreign banks to set up operations. Here is a list of the major banks in Panama, ranked by size:
Banco General - Founded in 1955, Banco General is the largest bank in Panama, with total assets of over $16 billion. The bank has a strong presence in Central America and the Caribbean, with operations in Costa Rica, Honduras, and the Dominican Republic.
Banco Nacional de Panama - Founded in 1904, Banco Nacional de Panama is the second-largest bank in the country, with total assets of over $13 billion. The bank is fully owned by the Panamanian government and serves as the country's main bank for public sector operations.
Banco Internacional de Costa Rica - Founded in 1977, Banco Internacional de Costa Rica (BICSA) is an international bank with operations in Panama and Costa Rica. The bank is owned by two Central American governments, Costa Rica and Panama, and has total assets of over $3 billion.
Banistmo - Founded in 1976, Banistmo is a subsidiary of the Colombian bank Grupo Bancolombia. The bank has a strong presence in Panama, with over 60 branches and total assets of over $2 billion.
Global Bank Corporation - Founded in 1994, Global Bank Corporation is a privately-owned bank with operations in Panama, Costa Rica, and Colombia. The bank has total assets of over $1 billion and is known for its personalized banking services.
Credicorp Bank - Founded in 1992, Credicorp Bank is a subsidiary of the Peruvian bank Credicorp Ltd. The bank has a strong presence in Panama, with over 25 branches and total assets of over $900 million.
Multibank - Founded in 1990, Multibank is a privately-owned bank with operations in Panama, El Salvador, Guatemala, and Peru. The bank has total assets of over $800 million and is known for its retail banking services.
Banco Aliado - Founded in 1993, Banco Aliado is a privately-owned bank with operations in Panama. The bank has total assets of over $700 million and focuses on corporate and commercial banking services.
Towerbank - Founded in 1973, Towerbank is a privately-owned bank with operations in Panama. The bank has total assets of over $600 million and is known for its personalized banking services.
Banco Delta - Founded in 1991, Banco Delta is a privately-owned bank with operations in Panama. The bank has total assets of over $500 million and focuses on retail and commercial banking services.
In conclusion, Panama is home to many international banks, with Banco General and Banco Nacional de Panama being the two largest banks in the country. While most of the banks on this list are based in Panama, some are subsidiaries of foreign banks, such as Banistmo and Credicorp Bank. With a stable banking system and favorable regulations, Panama is likely to remain an important financial center in Latin America for years to come.
Escape to Latin America Telegram group