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Caja de Ahorros (Panama)

Main Activities: Savings Institutions | Credit Card Issuing | Consumer Lending
Full name: Caja de Ahorros Profile Updated: May 02, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Caja de Ahorros is a leading banking institution in Panama City. It was founded on June 15, 1934, through Executive Decree No. 54 under the presidency of Harmodio Arias Madrid. The company started its operations on July 5 of the same year, with Guillermo De Roux as its first General Manager. With a capital of B/. 150,000 and three employees, Caja de Ahorros contributed to the economic and social progress of the country by providing Panamanians with greater access to banking services. Today, Caja de Ahorros has become a high-level bank with over one million customers. It offers a wide range of products and services tailored to meet their financial needs. The bank is the only institution in the country with over one million deposit accounts and a mortgage portfolio of over B/. 1,200 million, making it a leader in the local market and one of the top players in the national mortgage segment.

Headquarters
Via Espana, Av. Thais de Pons
Panama City; Panama City; Postal Code: 0816-06743

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Website: http://www.cajadeahorros.com.pa

Basic Information
Total Employees:
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Outstanding Shares:
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Incorporation Date:
June 15, 1934
Key Executives
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President
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Vice President
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Director
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Director
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General Manager
Ownership Details
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100%
Company Performance
Financial values in the chart are available after Caja de Ahorros report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net interest income
-34.33%
Net fee and commission income
8.75%
Operating profit (EBIT)
-62.01%
Net Profit (Loss) for the Period
-39.95%
Total assets
-0.53%
Deposits from customers
-5.88%
Total equity
8.8%
Total Assets Trend
N/A
Net Interest Income Trend
47.67%
Cost to Income Ratio
20.96%
Loans to Deposits Ratio
6.2%
Loans to Asset Ratio
4.27%

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