Banistmo reported growth in assets of more than 16% in three years of operation


Panama. During this month, Banistmo subsidiary of Bancolombia Group, one of the most important banking conglomerates in the region, celebrates three years of operations in Panama and has its most significant accomplishments to date.

The bank reported assets of the order of US $ 9.1 billion, representing an increase of 16.1% from the beginning of its operations in 2013. This growth was driven by increased lending, which rose from US $ 5.6 billion to US $ 7.2 billion, ie an increase of 28.5%.

Likewise, the bank recorded a liquidity ratio that exceeds 40%, reflecting 10 percentage points above the minimum required by banking regulations.

«Having a nearby estate to US $ 1 billion, regulatory capital characterized solely by contributions of the highest quality and capital adequacy over 14%, demonstrating the solidity and strength of Banistmo» said Aimee Sentmat de Grimaldo, Executive President of Banistmo, reaffirming its satisfaction with the achievements thanks to more than 540,000 customers that distinguish the bank with their preference.

Currently, Banistmo has deposits by the order of US $ 6.5 billion, representing an increase of US $ 883.2 million between October 2013 and September 2016. Confidence in the medium and long term customers is reflected the increase in deposits. This is a 23.8% growth in three years, from $ 2.6 billion to US $ 3.3 billion.

Banistmo has the strength and support of Bancolombia Group, a financial institution with 140 years of experience, presence in 10 countries and more than 11 million customers.

The Bancolombia Group is listed for more than 20 years on the New York Stock Exchange (NYSE by its acronym in English) and is regarded as the fifth most sustainable bank in the world, according to the Dow Jones Sustainability Index. It is a financial institution with a broad portfolio of products and has now established itself as the second bank in commercial and consumer loans, mortgages and customer deposits.

With more than 540,000 customers, Banistmo distributes its products and services through one of the largest networks in the country with 53 branches, more than 325 ATM s, 107 Non Banking Correspondents and digital services ahead with its Virtual Branch, Banistmo App Key and Giro program.