Panama’s banking sector among the most profitable in Latin America

Panama’s banking sector among the most profitable in Latin America, according to McKinsey & Company

The Global Banking Annual Review 2025 highlights Panama as one of the region’s leaders in profitability, with a Return on Tangible Equity (RoTE) of 17.1%, outperforming the global average of 10%. The report attributes this success to Panama’s financial stability, strong regulatory framework, and role as a regional hub for financial services, which continues to attract investment and capital flows.

McKinsey projects that Latin American banking revenues could grow by nearly 10% by 2028, driven by digital transformation, new business models, and the adoption of artificial intelligence.

A solid sign of confidence in Panama’s economy and its position as a regional financial center.