Panama’s Banco Nacional Reports Extraordinary Dividends of Over 250 Million Dollars
The Board of Directors and the General Manager of the National Bank of Panama (BNP) met this Tuesday with President José Raúl Mulino to inform him that the main banking entity of the Panamanian State exceeded $250 million in dividends in 2024, which they describe as “extraordinary.” This dividend is the result of following a strategy based on digital transformation and profitability, with responsible management and high sustainability standards, explained the BNP management to the president. This also includes a strong participation in financial services to the country’s agricultural sector. The BNP also announced that it has created so-called special accounts for entrepreneurial companies with affordable opening amounts.
These accounts support President Mulino’s campaign promise to facilitate the efforts of the entrepreneurial sector. In 2024, “Suma” magazine placed BNP in first place in Panama within the Top 50 of the ranking of the best employers in Central America and the Dominican Republic. As of September 30, 2024, BNP reported loans of $7,841 million and investments of $3,526 million, while its total assets as of that date were $15,423 million. During the meeting, the BNP general manager presented President Mulino with a gift of collector coins alluding to the recent World Youth Day. BNP celebrates 120 years in the Panamanian market with 95 branches and 459 ATMs.