List of Banks in Panama

There are more than 50 banks operating in Panama including general licensed banks, international licensed banks and state-owned banks. Find out the full list of banks in Panama and the services they provide.

Top 10 Banks in Panama

Following are the top 10 banks in Panama based on total assets. BAC International is the largest bank in the country. The top 10 banks in Panama hold combined assets of over $120 billion.

Rank Bank Total assets, US$b
1 BAC International Bank (BIB) 31.10
2 Banco General 18.41
3 Bancolombia (Panama) 16.11
4 Banco Nacional de Panama 14.60
5 Banistmo 10.97
6 Bladex * 9.28
7 Global Bank Corporation 8.40
8 Caja de Ahorros 6.12
9 Multibank 5.13
10 Banesco Panama 4.79
Total assets as of December 31, 2022
* Bladex is abbreviation of Banco Latinoamericano de Comercio Exterior SA.

General Licensed Banks

  • Atlas Bank (Panama) S.A.
  • Banco Aliado S.A.
  • Banco Azteca (Panama) S.A.
  • Banco Davivienda (Panama) S.A.
  • Banco Delta S.A.
  • Banco de Bogotá S.A.
  • Banco Banisi S.A.
  • Banco Ficohsa (Panama) S.A.
  • Banco General S.A.
  • Banco Internacional de Costa Rica (BICSA)
  • Banco Lafise Panamá S.A.
  • BAC International Bank Inc
  • Banco Latinoamericano de Comercio Exterior
  • Banco La Hipotecaria S.A
  • Bancolombia S.A.
  • Banco Pichincha Panamá S.A.
  • Banistmo S.A.
  • BBP Bank S.A.
  • Banesco S.A.
  • Bank of China Limited
  • BCT Bank International S.A.
  • BI-Bank S.A.
  • Canal Bank S.A.
  • Capital Bank Inc
  • Citibank N.A. Panama Branch
  • Credicorp Bank S.A.
  • Global Bank Corporation
  • Unibank S.A.
  • KEB Hana Bank
  • ICBC (Industrial & Commercial Bank of China)
  • Mega International Commercial Bank Co Ltd
  • Mercantil Banco S.A.
  • Metrobank S.A.
  • MMG Bank Corporation
  • Multibank Inc
  • Pacific Bank S.A.
  • Prival Bank S.A.
  • St. Georges Bank & Company
  • Scotiabank
  • Towerbank International Inc

See also: Largest Banks in Panama

List of International Licensed Banks

  • ASB Bank Corp *
  • Austrobank Overseas (Panama) S.A.
  • Banco Davivienda Internacional
  • Banco de Bogota
  • Banco de Credito del Peru
  • Banco de Occidente
  • Bancolombia
  • BHD International Bank
  • BPR Bank S.A.
  • GNB Sudameris Bank
  • Inteligo Bank Ltd
  • Itaú (Panamá) S.A.
  • Popular Bank Ltd
  • TAG Bank

* ASB Bank Corp was formerly known as Atlantic Security Bank Panama.

Panama’s state-owned Banks

There are two state-owned banks in Panama:

  • The National Bank of Panama (Banco Nacional de Panamá (BNP))
  • Savings Bank of Panama (Caja de Ahorros de Panamá)

Last updated January 10, 2025