List of Banks in the Caribe Panama

List of Banks in the Caribbean

Panama, officially the Republic of Panama (Spanish: República de Panamá), is the southernmost country of both Central America and, in turn, North America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the northwest, Colombia to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south. The capital is Panama City.

Panama is an international business center, and has the third or fourth largest economy in Central America. It is also the fastest growing economy and the largest per capita consumer in Central America

List of Banks in Panama

List of Swift Codes for the Banks in Panama

A B N-A M R O Bank
Address: Cl. M M Icaza, 16 Panamá
Mailing Address: P.O. Box 10147 Zona 4
City: Panama City
Departement: Panamá
Phone: (507) 206-5700
Fax: (507) 269-0526

Atlantic Security Bank
Address: Cl. 50 y Aquilino De La Guardia
Mailing Address: P.O. Box 6-8934 El Dorado, Panamá
City: Panama City
Departement: Panamá
Phone: (507) 215-7304
Fax: (507) 215-7323

BAC International Bank
Address: Ed. BAC International Bank, Cl.43 y Aquilino De La Guardia, Urb. Marbella
City: Panama City
Departement: Panamá
Phone: (507) 223-8844 / (507) 265-4000
Fax: (507) 265-8283

Bancafe
Address: Cl. M M Icaza y Cl. 52 # 18 Panamá
City: Panama City
Departement: Panamá
Phone: (507) 264-6066
Fax: (507) 263-6115

Banco Continental
Address: Torre Banco Continental Cl. 50 y Aquilino De La Guardia
Mailing Address: P.O. Box 135, Panamá 9A
City: Panama City
Departement: Panamá
Phone: (507) 215-7000
Fax: (507) 215-7134

Banco Agricola Comercial
Address: Ed. Global Bank, P. 17, Cl. 50
Mailing Address: P.O. Box 6-2637, El Dorado
City: Panama City
Departement: Panamá
Phone: (507) 263-5762 / (507) 263-5863
Fax: (507) 263-5626

Banco Aleman Platina S.A.
Address: Av. Fdco. Boyd y Av. 44 A Sur
Mailing Address: P.O. Box 6180-5
City: Panama City
Departement: Panamá
Phone: (507) 223-8005 / (507) 269-2666 / (507) 269-0910
Fax: (507) 269-0910 / (507) 269-3226

Banco Aliado S.A.
Address: Calle 15 Zona Libre de Colon, (Edif. Royco)
City: Colón
Departement: Colón
Phone: (507) 441-4447
Fax: (507) 441-2955

Banco Atlantico Panama
Address: Av. General Obarrio y Calle 53
City: Panama City
Departement: Panamá
Phone: (507) 205-5600
Fax: (507) 205-5656

Banco de Bogota
Address: C.C. Plaza Paitilla, Via Italia y Av. Balboa
Mailing Address: P.O. Box 8653, Zona 5
City: Panama City
Departement: Panamá
Phone: (507) 264-6000 / (507) 263-8037
Fax: (507) 263-8037

Banco de Credito Helm Financial Services (Panama), S.A.
Address: Calle 53 Este, Urbanizacion Marbella
City: Panama City
Departement: Panamá
Phone: (507) 265-2820
Fax: (507) 214-9715 / (507) 223-4242

Banco de Desarrollo Agropecuario -BDA
Address: Calle L y Ave. De Los Martires
City: Panama City
Departement: Panamá
Phone: (507) 262-0266 / (507) 262-0267
Fax: (507) 262-1713

Banco de Desarrollo Agropecuario -BDA
Address: Calle L y Ave. De Los Martires
City: Panama City
Departement: Panamá
Phone: (507) 262-0266 / (507) 262-0267
Fax: (507) 262-1713

Banco del Istmo
Address: San Francisco
City: Panama City
Departement: Panamá
Phone: (507) 270-0015

Banco del Pacífico
Address: Edif. Banco del Pacífico, Esq. Aquilino De La Guardia y Cl. 52
Mailing Address: P.O. Box 6-3100 El Dorado, Panamá
City: Panama City
Departement: Panamá
Phone: (507) 263-5833
Fax: (507) 263-7481

Banco General
Address: Cl. Aquilino De La Guardia y Av. 5 B Sur, Marbella
City: Panama City
Departement: Panamá
Phone: (507) 265-0303
Fax: (507) 265-0206

Banco General (Overseas). Inc.
Address: Torre Banco General Cl. Aquilino De La Guardia y Av.5 B Sur
City: Panama City
Departement: Panamá
Phone: (507) 265-0220
Fax: (507) 265-0227

Banco GTC Bank Inc.
Address: Calle 52 Urb. Marbella, (World Trade Center)
City: Panama City
Departement: Panamá
Phone: (507) 265-7371
Fax: (507) 265-7397

Banco Hipotecario Nacional
Address: Av Balboa y Cl. 40, Pmá
City: Panama City
Departement: Panamá
Phone: (507) 227-0380
Fax: (507) 225-6956

Banco Iberoamérica
Address: Cl. 50 y Cl. 53
Mailing Address: P.O. Box 6553, Zona 5
City: Panama City
Departement: Panamá
Phone: (507) 263-5366
Fax: (507) 269-1616

Banco Interamericano de Desarrollo
Address: Torre HongKong Bank, piso 14 Av. Samuel Lewis, Pmá
Mailing Address: P.O. Box 7297 Zona 5
City: Panama City
Departement: Panamá
Phone: (507) 263-6944
Fax: (507) 263-6183

Banco Internacional de Costa Rica Panamá
Address: Cl. Manuel M. Icaza, Pmá
Mailing Address: P.O. Box 600 Zona 1
City: Panama City
Departement: Panamá
Phone: (507) 263-6822
Fax: (507) 263-6393

Banco Latinoamericano de Exportaciones
Address: Cls. 50 y Aquilino De La Guardia
Mailing Address: P.O. Box 6-1497 El Dorado, Panamá
City: Panama City
Departement: Panamá
Phone: (507) 210-8500
Fax: (507) 269-6333

Banco Mercantil del Istmo
Address: Cl. 50 y Margarita Vallarino
Mailing Address: P.O. Box 484-9A Panamá
City: Panama City
Departement: Panamá
Phone: (507) 263-6262
Fax: (507) 263-7553

Banco Nacional de Panamá
Address: Via España
Mailing Address: P.O. Box 5220
City: Panama City
Departement: Panamá
Phone: (507) 205-2000

Banco Popular Dominicano, S.A
Address: 47-E y Av. Aquilino De La Guardia, Torre Banco General, P. 20
Mailing Address: P.O. Box 5404 Panamá 5
City: Panama City
Departement: Panamá
Phone: (507) 269-4993
Fax: (507) 269-1309

Banco Santander Central Hispano, S.A
Address: Cls. Ricardo Arias y 51 Este, Pmá
Mailing Address: P.O. Box 8-381 Zona 8 Panamá
City: Panama City
Departement: Panamá
Phone: (507) 263-9044
Fax: (507) 441-5226

Banco Sudamericano
Address: Calle 50 y A. de La Guardia, (Torre Banco Continental)
City: Panama City
Departement: Panamá
Phone: (507) 215-7820
Fax: (507) 215-7819

Banco Trasatlantico, S.A
Address: Cl. Manuel M Icaza y Ricardo Arias
Mailing Address: P.O. Box 7655 Zona 5, Panamá
City: Panama City
Departement: Panamá
Phone: (507) 269-2318
Fax: (507) 269-4948

Banco Universal (1)
Address: Plaza Los Angeles, Via Ricardo J. Alfaro
City: Panama City
Departement: Panamá
Phone: (507) 236-8507 / (507) 236-9354 / (507) 236-9358
Fax: (507) 260-4975

Banco UNO
Address: Calle 65, San Francisco
City: Panama City
Departement: Panamá
Phone: (507) 270-5899 / (507) 236-5651
Fax: (507) 270-5800

Banco UNO
Address: Calle 65, San Francisco
City: Panama City
Departement: Panamá
Phone: (507) 270-5899 / (507) 236-5651
Fax: (507) 270-5800

Bancolat (1)
Address:
Mailing Address: P.O. Box 4401, Zona 5
City: Panama City
Departement: Panamá
Phone: (507) 236-0456 / (507) 236-4449
Fax: (507) 236-3193

Bancolombia (Panamá), S.A
Address: Cl. Manuel M Icaza, 11 Panamá
Mailing Address: P.O. Box 8593 Zona 5
City: Panama City
Departement: Panamá
Phone: (507) 263-6955
Fax: (507) 269-1138

Bancomer
Address: Plaza Bancomer Cl. 50 Av N de Obarrio, Pmá
City: Panama City
Departement: Panamá
Phone: (507) 206-6800
Fax: (507) 263-8033

Bancredito Panamá, S.A
Address: Plaza Regency, piso 15 Via España, 177
Mailing Address: P.O. Box 6-6010 El Dorado, Panamá
City: Panama City
Departement: Panamá
Phone: (507) 223-2977
Fax: (507) 264-6781

Banesco Internacional (Panama) S.A.
Address: Av. Samuel Lewis
City: Panama City
Departement: Panamá
Phone: (507) 269-3301 / (507) 269-7421 / (507) 214-8591
Fax: (507) 269-3302

Banexpo
Address: Via España, Jardines del Hotel Panamá, Loc. Nº19
City: Panama City
Departement: Panamá
Phone: (507) 206-5333
Fax: (507) 223-5338

Bank Hapoalim B M
Address: Edif. Global Bank, piso 18 Cl. 50 Panamá
City: Panama City
Departement: Panamá
Phone: (507) 263-7222
Fax: (507) 263-7647

Bank Leumi Le Israel B M
Address: Cl. Manuel M Icaza, 10 Edif. Grobman Panamá
Mailing Address: P.O. Box 6-4518 El Dorado
City: Panama City
Departement: Panamá
Phone: (507) 269-3113
Fax: (507) 269-2674

BankBoston, N A
Address: Cl. Elvira Mendez y Via España, Pmá
Mailing Address: P.O. Box 5368-5
City: Panama City
Departement: Panamá
Phone: (507) 265-6077
Fax: (507) 265-7400

Banque Sudameris
Address: Ave. Balboa y Calle 41
City: Panama City
Departement: Panamá
Phone: (507) 227-2777
Fax: (507) 227-5828

Bantal Brokers
Address: Calle 50 y Aquilino De La Guardia
Mailing Address: P.O. Box 135
City: Panama City
Departement: Panamá
Phone: (507) 205-7623
Fax: (507) 215-7490

BBVA
Address: Torre BBVA, Av. Balboa, Esq. Cls. 42 y 43
City: Panama City
Departement: Panamá
Phone: (507) 227-1122
Fax: (507) 227-3663

BIPAN- Banco Internacional de Panama (1)
Address: Plaza Marbella, Cl. Aquilino de La Guardia
Mailing Address: P.O. Box 11181, Panamá 6
City: Panama City
Departement: Panamá
Phone: (507) 263-9000
Fax: (507) 263-9514

BPV-Banvivienda
Address: Av. Chile y Cl.41 Bella Vista
Mailing Address: P.O. Box 8639, Panamá 5
City: Panama City
Departement: Panamá
Phone: (507) 227-4020
Fax: (507) 227-5433333

Caja de Ahorros
Address: Colon, Cl. 7a
City: Colón
Departement: Colón
Phone: (507) 441-7428 / (507) 263-6233
Fax: (507) 441-8648

Caja de Ahorros
Address: Av del Frente, Col
City: Panama City
Departement: Panamá
Phone: (507) 441-0645
Fax: (507) 441-8648

Chase
Address: El Dorado, Altos del Chase Ave. 17B Norte
Mailing Address: P.O. Box 9A-76, Panamá
City: Panama City
Departement: Panamá
Phone: (507) 236-3033
Fax: (507) 263-6009

Citibank, N.A.
Address: Av. 17B Boulevard El Dorado
City: Panama City
Departement: Panamá
Phone: (507) 236-4044 / (507) 279-8600
Fax: (507) 236-2436

Commerce Overseas Bank S.A.
Address: Torre Bac-Nrc, P.2, Of.201, Cl. Alquilino De La Guardia
Mailing Address: P.O. Box 6A-2414, El Dorado
City: Panama City
Departement: Panamá
Phone: (507) 269-9565 / (507) 269-9563
Fax: (507) 269-9563

Credit Boston Inc.
Address: Calle 53 Marbella, (Edificio World Trade Center)
City: Panama City
Departement: Panamá
Phone: (507) 205-1910
Fax: (507) 205-1802

Discount Bank And Trust Company
Address: Cl. 50 y 57 Obarrio
Mailing Address: P.O. Box 0823-02686 Panamá 7, Panamá
City: Panama City
Departement: Panamá
Phone: (507) 269-4011
Fax: (507) 269-6266

Global Bank
Address: Cl. 50
Mailing Address: P.O. Box 55-1843, Paitilla
City: Panama City
Departement: Panamá
Phone: (507) 269-9888
Fax: (507) 263-3518

GNB Bank
Address: Torre Banco Continental piso 30, Cl. 50 y Aquilino De La G.
Mailing Address: P.O. Box 4213 Zona 5 Panamá
City: Panama City
Departement: Panamá
Phone: (507) 215-7550
Fax: (507) 215-7560

Hamilton Bank N.A.
Address: Ed. Vallarino, P.6, Cl. Elvira Mendez y Cl.52
Mailing Address: P.O. Box 10209, Zona 6A
City: Panama City
Departement: Panamá
Phone: (507) 265-8640 / (507) 214-6839 / (507) 214-6840
Fax: (507) 223-1169

HSBC Bank Plc (1)
Address: Av. Samuel Lewis, Torre HSBC
Mailing Address: P.O. Box 5322, Panamá 5
City: Panama City
Departement: Panamá
Phone: (507) 206-6200 / (507) 206-6300 / (507) 269-6200
Fax: (507) 269-5577

ICBC-The Internacional Commercial Bank of China
Address: Cl.16 Colon Free Zone, L.4, Ed. #49
Mailing Address: P.O. Box 2046, Colon Free Zone
City: Colón
Departement: Colón
Phone: (507) 447-1888
Fax: (507) 441-4889 / (507) 441-5182

Interbank Overseas Ltd.
Address: Cl. 47 y Aquilino De La G. Torre Banco General, piso 16
Mailing Address: P.O. Box 87-0553 Panamá
City: Panama City
Departement: Panamá
Phone: (507) 265-7300
Fax: (507) 223-3333

Korea Exchange Bank
Address: Urb. Nuevo Campo Alegre Cl. 50 Pmá
Mailing Address: P.O. Box 8358 Zona 7
City: Panama City
Departement: Panamá
Phone: (507) 269-9966
Fax: (507) 264-4224

Lloyds Bank
Address: Calle 15 Sta. Isabel, Zona Libre de Colon
Mailing Address: P.O. Box 4002
City: Colón
Departement: Colón
Phone: (507) 445-2177 / (507) 445-2317
Fax: (507) 445-2693
Categories: Freezone / Banks /

M M G Bank Corporation
Address: Calle 53 Urb. Marbella, (Edif. Swiss Tower Piso 10)
City: Panama City
Departement: Panamá
Phone: (507) 265-7600
Fax: (507) 265-7601

Metro Bank
Address: Cl. 52 y Elvira Mendez
City: Panama City
Departement: Panamá
Phone: (507) 223-1666
Fax: (507) 223-2020

Mi Banco, S.A.
Address: Av. Las Americas, Chorrera
City: Panama City
Departement: Panamá
Phone: (507) 274-8131 / (507) 274-8239
Fax: (507) 274-2601

Mibanco S.A.
Address:
City: Panama City
Departement: Panamá
Phone: (507) 274-8131 / (507) 274-8239 / (507) 274-3365
Fax: (507) 274-2601

MultiCredit Bank
Address: Via España
Mailing Address: P.O. Box 8210 Zona 7A
City: Panama City
Departement: Panamá
Phone: (507) 265-6031
Fax: (507) 264-4382

Panabank
Address: Cl. 17 y Cl. H
Mailing Address: P.O. Box 1828 Zona 1 Panamá
City: Panama City
Departement: Panamá
Phone: (507) 262-0881

Pribanco
Address: World Trade Center, Cl. 53, Marbella
Mailing Address: P.O. Box 7322, Zona 5
City: Panama City
Departement: Panamá
Phone: (507) 265-3444 / (507) 265-7834
Fax: (507) 265-3838 / (507) 265-3828

Scotiabank
Address: Av. Federico Boyd, Pmá
Mailing Address: P.O. Box 7327 Zona 5
City: Panama City
Departement: Panamá
Phone: (507) 263-6255
Fax: (507) 263-8636

St. Georges Bank And Company, Inc.
Address: Calle 50 y Cl. 74 San Francisco
City: Panama City
Departement: Panamá
Phone: (507) 322-2022
Fax: (507) 322-2023

The Dai-Ichi Kangyo Bank, Ltd.
Address: Edif. Plaza Internacional Via España
City: Panama City
Departement: Panamá
Phone: (507) 269-6111
Fax: (507) 269-6815

The International Commercial Bank Of China
Address: Cl. 16 Z L, 49 Col
City: Colón
Departement: Colón
Phone: (507) 447-1888
Fax: (507) 441-4889

TowerBank
Address: Calle Ricardo Arias y Cl. 50, (Edif. Tower Plaza)
City: Panama City
Departement: Panamá
Phone: (507) 269-6900
Fax: (507) 269-6800 / (507) 264-1536

UBS (Panamá) S.A
Address: Torre Swiss Bank, Cl. 53 Este, Marbella
Mailing Address: P.O. Box 61, Panamá 9A, Panamá
City: Panama City
Departement: Panamá
Phone: (507) 206-7000
Fax: (507) 206-7100

Unibanca
Address: Av. Samuel Lewis, (Torre HSBC Piso 1)
City: Panama City
Departement: Panamá
Phone: (507) 264-9133 / (507) 263-5748
Fax: (507) 263-9985

Get your own Bank account with ATM card (Maestro/Mastercard debit card) for withdrawals with a Bank in the Caribe

Economy of Panama

A Panamax ship in transit through the Miraflores locks, Panama Canal.According to the CIA World Factbook, Panama has an unemployment rate of 5.6%. According to the ECLAC, the poverty rate is 28.6% as of 2006 and is expected to decline to 11% by 2009, in spite of the Global financial crisis of 2008 - 2009. A food surplus was registered in August 2008, and infrastructure works are progressing rapidly. On the Human Development Index Panama is ranked at number 60 (2008). The International Monetary Fund has predicted that Panama will be the fastest growing economy in Latin America in 2009. It was the second fastest growing economy in Latin America in 2008, after Peru.

Since taking office in 1994 President Ernesto Perez Balladares advanced an economic liberalization program designed to liberalize the trade regime, attract foreign investment, privatize state-owned enterprises, institute fiscal discipline and privatized its two ports in 1997 and approved the sale of the railroad in early assets. Panama joined the World Trade Organization (WTO) and a banking reform law was approved by the legislature in early 1998 and dismantled the Central bank. After two years of near stagnation the reforms began to take root; GDP grew by 3.6% in 1997 and grew by more than 6% in 1998. The most important sectors which drove growth were the Panama Canal and the shipping and port activities of The Colon Free Zone which also rebounded from a slow year in 1996.

Economic sectors

El Valle de Antón.Panama's economy is mainly based on a well developed service sector heavily weighted towards banking, commerce, tourism, trading and private industries, because of its key geographic location. The handover of the Canal and military installations by the United States has given rise to some construction projects. A referendum regarding the building of a third set of locks for the Panama Canal was approved overwhelmingly (though with low voter turnout) on 22 October 2006.

The official estimate of the building of the third set of locks is US$5.25 billion. The canal is of economic importance since it pumps millions of dollars from toll revenue to the national economy and provides massive employment. The United States had a monopoly over the Panama Canal for 85 years. However, the Torrijos-Carter Treaties signed in 1977 began the process of returning the canal to the Panamanian government in 1999.

Copper and gold deposits are to be developed by foreign investors.

Currency
The Panamanian currency is officially the balboa, fixed at parity with the United States dollar since independence in 1903. In practice, however, the country is dollarized; Panama has its own coinage but uses U.S. dollars for all its paper currency. According to the Economic Commission for Latin American and the Caribbean, Panama's inflation as measured by weight CPI was 2.0% in 2006. Panama has traditionally experienced low inflation, as it shares currencies with the U.S.

The balboa replaced the Colombian peso in 1904 following the country's independence. The balboa has been tied to the United States dollar (which is legal tender in Panama) at an exchange rate of 1:1 since its introduction and has always circulated alongside dollars.

Panamanian banknotes, denominated in balboas, were printed in 1941 by President Arnulfo Arias. They were recalled several days later, giving them the name "The Seven Day Dollar." The notes were burned after the seven days but occasionally balboa notes can be found with collectors. These were the only banknotes issued by Panama and U.S. notes have circulated both before and since.

International trade

Traditional coffee-drying at the Alto Boquete plant of Cafe Ruiz.The high levels of Panamanian trade are in large part from the Colón Free Trade Zone, the largest free trade zone in the world Western Hemisphere. Last year the zone accounted for 92% of Panama's exports and 64% of its imports, according to an analysis of figures from the Colon zone management and estimates of Panama's trade by the United Nations Economic Commission for Latin America and the Caribbean. Panama's economy is also very much supported by the trade and exportation of coffee and other agricultural products.

The Bilateral Investment Treaty (BIT) between the governments of the United States and Panama was signed on October 27, 1982. The treaty protects U.S. investment and assists Panama in its efforts to develop its economy by creating conditions more favorable for U.S. private investment and thereby strengthening the development of its private sector. The BIT with Panama was the first such treaty signed by the U.S. in the Western Hemisphere. A Trade Promotion Agreement between the United States and Panama was signed by both governments in 2007, but neither country has yet approved or implemented the agreement.

Tourism

A middle class apartment building in Coronado.Tourism in the Republic of Panama kept its growth during the past 5 years due to the government offering tax and price discounts to foreign guests and retirees. These economic incentives caused Panama to be regarded as a relatively good place to retire in the world. Real estate developers in Panama have increased the amount of tourism destinations in the past five years because of the interest for these visitor incentives. The number of tourists arriving between January and September 2008 was 1,110,000, 13.1% or 128,452 visitors. This was a significant increase to the 982,640 travelers who had arrived in the same period of 2007, a year that beat all records regarding the entry of tourists into the country.

The arrival of tourists from Europe to Panama grew by 23.1% during the first nine months of 2008. According to the Tourism Authority of Panama (ATP), between January and September, 71,154 tourists from the Old Continent entered the country that is 13,373 more than figures for same period last year. Most of the Europeans who have visited Panama were Spaniards (14,820), followed by Italians (13,216), French (10,174) and British (8,833). From Germany, the most populous country in the European Union, 6997 tourists arrived. Europe has become one of the key markets to promote Panama as a tourist destination.

In 2007 1.445.5 million entered into the Panamanian economy as a result of tourism. This accounted for 9.5% of gross domestic product in the country, surpassing other productive sectors.

Panama´s Law No. 8 is still the most modern and comprehensive law for the promotion of tourism investment in Latin America and the Caribbean. In so-called Special Tourism Zones, Law 8 offers incentives such as 100% exemption from income tax, real estate tax, import duties for construction materials and equipment, and other taxes. Panama has declared different parts of the country as Special Tourism Zones which are benefited with multiple tax exemptions and tax holidays.