Panama Interest Rates

It is located at the southern most point of the Central Americas on the Isthmus. The Panamanian economy with a population of approximately 3.6 million (Census 2012) ranks 88th in the world with a GDP PPP of more than 50.6 billion USD according to the IMF in 2011. The official currency is the Panamanian balboa (PAB) as well as the U.S Dollar.With the official language Spanish, the fixed interest products banks offer are called 'Depůsito a Plazo Fijo' or time deposits. The World Factbook published by the CIA has the estimated the country to have the inflation rate of 5.9% in 2011 and 3.5% in 2010.

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Panama Banks

Showing rates for 6 Bank deposit providers in Panama.
BankBranchFoundedOwnership
Banco Nacional de PanamaBanco Nacional De Panama751904Local
Banco GeneralBanco General651955Local
Credicorp Bank PanamaCredicorp Bank Panama261992N/A
Citibank PanamaCitibank Panama171904Foreign
Global Bank PanamaGlobal Bank Panama161994N/A
BanistmoBanistmo2013N/A

Panama Discussion Activity

  • Banco Nacional De Panama
    Q: What documents are required to open a personal account at Banco Nacional for an American citizen, with residency?What fees are involved?

    Douglas from Panama
  • Banistmo
    Q: Does your bank offer Canadian s home loans?I am interested in purchasing a condo in Coronado Panama

    Scott from Toronto, Canada