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.
Bank Branch Founded Ownership
Banco Nacional de Panama Banco Nacional De Panama 75 1904 Local
Banco General Banco General 65 1955 Local
Credicorp Bank Panama Credicorp Bank Panama 26 1992 N/A
Citibank Panama Citibank Panama 17 1904 Foreign
Global Bank Panama Global Bank Panama 16 1994 N/A
Banistmo Banistmo 2013 N/A

Panama Discussion Activity

  • Deposits
    Q: Hello I read that if you deposit a certain amount of money in Panamaian bank and you get 750 dollar per month you can get a temporary residency in panama. Now I am wondering if it is right and how much is the deposit for that.. Thank you in advance

    Hussein from Iran
  • Loans
    Q: What pricing guide is used for used car loans in Panama? Thank You

    Curtis Farris from United States
  • 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