Cross-border claims / PAN
Panama
The banks located here, whoever owns them, held $75.94B of cross-border claims outstanding in Q4 2025: 0.17% of the world total that quarter, the 37th largest of the reporting systems active in it. Its series in the BIS locational statistics runs from Q4 2002 to Q4 2025.
Claims outstanding, Q4 2002–Q4 2025
Total cross-border claims of the banks located here, USD billions, quarterly. Nominal dollars: movements mix changes in positions with changes in the dollar value of non-dollar books, and this BIS cut carries no adjusted-change series to separate them.
Source: BIS Locational Banking Statistics (WS_LBS_D_PUB), BIS Data Portal (data.bis.org). Selection: cross-border claims (measure C, amounts outstanding), reporting country PAN vs all counterparties (5J), quarterly, 2002-Q4 to 2025-Q4. License:free with “Source: BIS” attribution. Methodology
Who these banks lend to
There is no counterparty table on this page, because there is no counterparty data. This system reports a single cross-border claims total to the BIS, $75.94B in Q4 2025, and publishes no breakdown by borrower in that quarter. It has no named counterparty cell in any quarter of its series, so a table here would be an invention.
Its book, 0.17% of all cross-border bank claims in Q4 2025, is counted in full in the world total on the index and enters no bilateral figure on this site.
Source: BIS Locational Banking Statistics (WS_LBS_D_PUB), BIS Data Portal (data.bis.org). Selection: cross-border claims (measure C), reporting country PAN: rows with a named counterparty (cp_iso3 not null) number zero across the full series, 2002-Q4 to 2025-Q4. License:free with “Source: BIS” attribution. Methodology
These are residence figures, so this page covers every bank booking here, foreign-owned subsidiaries and branches included, and excludes the foreign books of banks headquartered here but booking abroad. For the other side of the ledger, how much the world’s banks lend to this economy, see its counterparty page. The methodology gives the exact BIS selection behind every figure here.