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Panama maintains lead as number one for banks

Wednesday, February 27, 2013

While Panama's banks held their lead as the biggest banks in Central America, Nicaragua steamed ahead in terms of return on capital and return on assets.

HSBC remains the leader of The Banker’s Central American rankings with a Tier 1 capital up by 8.38 percent to $1.23 billion in 2011, the last available financial year.

However, its lead is reducing as the bank sold operations in Costa Rica, El Salvador and Honduras to Colombia’s Banco Davivienda in 2012 and, this February, its much larger business in Panama to Bancolombia, marking the international lender’s exit from Central America.

Source: The Banker