Bank of China established a representative office in Panama in 1987 and was officially upgraded to a Panama branch in 1994. Bank of China Panama Branch is the only Chinese-funded financial institution with full-featured licenses in Central America and the Caribbean. Its main business covers: corporate finance, personal finance, financial institutions, financial markets, trade settlement, and financing, etc. After more than 30 years of business development and market cultivation, the Panama Branch has achieved a magnificent development of customers from scratch, business varieties from simple to complex, operation scale from small to large, profitability from low to high, and risk prevention ability from weak to strong. change. As of the end of 2017, the assets of the Bank of China Panama Branch reached US$2.64 billion, with various deposits totaling US$3.35 billion and various loans totaling US$2.15 billion.
According to the ranking of the banking industry sub-indicators at the end of 2017 released by the General Administration of Banking Supervision (SBP) of Panama, the total assets, deposits, loans and net profit indicators of Bank of China Panama Branch ranked 14th and 13th among 74 banks in Panama respectively. No. 1, No. 13 and No. 9, comparable to mainstream banks in Panama.
Bank of China Panama Branch will adhere to the values of “responsibility, integrity, professionalism, innovation, stability and performance”, and continue to strive towards the goal of “building a world-class bank in the new era”!
BANK OF CHINA PANAMA BRANCH
PH Oceania Business Plaza Torre 2000, Piso 36, POBOX 0823-01030, Zona 7,Panama City, Rep. of Panama