Number of banks reached 68.0 banks in 2019 in Panama, according to the National Central Bank. This is 5.56 % less than in the previous year.
Historically, number of banks in Panama reached an all time high of 80.0 banks in 2010 and an all time low of banks in. When compared to Panama's main peers, number of banks in Colombia amounted to 26.0 banks, 14.0 banks in Costa Rica, 15.0 banks in Honduras and 8.00 banks in Nicaragua in 2019.
Panama has been ranked 23rd within the group of 140 countries we follow in terms of number of banks, 3 places above the position seen 10 years ago.