Latests Notices to the Public
Regulations
Licences
Licenses
| Licenses | Download |
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| Rule 3-2001 Criteria for Granting Bank Licenses |
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| Rule 2-2006 Which modifies Articles 7, 9, 10, and 13 of Rule 3-2001 of September 5, 2001 on Banking Licenses |
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Rules
Rules 2012
| Rules 2012 | Download |
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| Rule 2 (2012) Whereby Contracting Nonbanking Correspondents for the provision of certain services on behalf of Banks is regulated |
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| Rule 1 (2012) Whereby Rule No. 1-2007 is amended |
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Rules 2011
| Rules 2011 | Download |
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| Rule 6 (2011) Whereby the guidelines on E-banking and Related Risk Management are established |
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| Rule 5 (2011) Whereby a new Rule updating Corporate Governance provisions was issued |
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| Rule 4 (2011) Whereby the rules for the collection of certain fees and surcharges applied by Banks are provided |
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| Rule 3 (2011) Whereby the enforcement of Rule No. 1-2011 of 4 January 2011 about Transparency of Information, is extended to 1 August 2011 |
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| Rule 2 (2011) Whereby Article 10 of Rule No. 4-2008 is amended |
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| Rule 1 (2011) Whereby the guidelines for transparency of information for using banking products and services are provided |
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Rules 2010
| Rules 2010 | Download |
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| Rule 9 (2010) Whereby article 8 of Rule No. 4-2010 is amended |
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| Rule 8 (2010) Whereby the provisions on Comprehensive Risk Management are provided |
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| Rule 7 (2010) Whereby the provisions of Joint Banking are updated |
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| Rule 6 (2010) Whereby Article 4 of Rule 2-2010 is amended. |
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| Rule 5 (2011) “Whereby the term “Bank Examinations” of article 66 of Banking Law is further developed” |
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| Rule 4 (2010) Whereby the provisions on External Audits to Banks are updated |
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| Rule 3 (2010) By means of which the article 3 of Rule No. 9-2009 is modified |
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| Rule 2 (2010) By means of which provisions regarding Banks Rating are issued |
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| Rule 1 (2010) By means of which the guidelines about integrity and accuracy of the information contained on the Financial Statements are established |
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Rules 2009
| Rules 2009 | Download |
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| Agreement 9 (2009) By means of which the provisions on Time Deposits and Local Savings Deposits are compiled, adjusted and updated |
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| Agreement 8 (2009) By means of which Agreement No. 2-2008 of July 3rd, 2008 on Valuation of Guarantees for the Coverage of Credit Risk is left without effect |
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| Agreement 7 (2009) Which modifies Article 6 of Agreement No. 7-2005 on Check Clearing and Fund Availability |
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| Agreement 6 (2009) Whereby the standards are stipulated for Risk Concentration limits to Economic Groups and Related Parties |
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| Agreement 5 (2009) Which develops Article 215 of the Banking Law on Inactive Goods |
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| Agreement 4 (2009) By means of which Article 4 of the Agreement 5-2008 of October 1st, 2008 is modified |
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| Agreement 3 (2009) By means of which the provisions on Transfer of Acquired Real State are updated |
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| Agreement 2 (2009) By means of which the enter into effect of Agreement No. 5-2008 of October 1st, 2008 is extended |
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| Agreement 1 (2009) By means of which is left without any effect Agreement No. 8-2008 of October 31, 2008 |
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Rules 2008
| Rules 2008 | Download |
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| Agreement 9 (2008) Whereby Article 17 of Agreement 4-2008 of July 24, 2008 is modified |
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| Agreement 8 (2008) Temporary measures are adopted as consequence of the international financial situation |
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| Agreement 7 (2008) Which modifies Articles 15, 16 and 17 of Agreement No. 1-2006, which itself is modified by Agreement No. 4-2006, on the Liquidation of Assets |
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| Agreement 6 (2008) Whereby Article 11 of Agreement No. 2-2008 of July 3, 2008 is modified and the date when it goes into effect is postponed |
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| Agreement 5 (2008) In light of the enactment issuance of Decree Law No. 2 of February 22, 2008, the Executive Branch performed a systematic ordering in form of a single text of Decree Law 9... |
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| Agreement 4 (2008) Whereby Agreement No. 9-2006 of November 2006 is rescinded and new provisions are prescribed for the observance of the legal liquidity index... |
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| Agreement 3 (2008) Whereby the procedure is stipulated for filing claims before the Superintendency... |
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| Agreement 2 (2008) Pursuant to Numeral 1 of Article 5 of Decree Law No. 9 of February 26, 1998, the Superintendency of Banks is responsible for preserving the soundness and efficiency of the banking system... |
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| Agreement 1 (2008) On the Claims Attention System in the Banking Entities... |
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Rules 2007
| Rules 2007 | Download |
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| Agreement 1 (2007) Whereby Minimum Security Standards are stipulated for the Banking Entities |
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Rules 2006
| Rules 2006 | Download |
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| Agreement 9 (2006) "Whereby Agreement No. 2 of February 21, 2000 and Agreement No. 5 of May 10, 2000 are rescinded in all their... |
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| Agreement 8 (2006) The Superintendency of Banks is responsible for looking after the maintenance of the soundness and efficiency of the banking system as well |
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| Agreement 7 (2006) Which stipulates the obligation the banking entities have of remitting credit information to the customer ( * Pending publication on the Official Gazette ) |
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| Agreement 6 (2006) Which modifies Articles 5 and 7 of Agreement 6-98 of October 14, 1998, and adds Article 5-A |
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| Agreement 5 (2006) Which modifies Articles 6 and 8 of Agreement 5-98 of October 14, 1998, and adds Article 6-A |
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| Agreement 4 (2006) Which modifies Articles 4, 12, 15, 16, 17 and 22 of Agreement 1-2006 of January 25, 2006 on Asset Liquidation" |
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| Agreement 3 (2006) Whereby Article 4 of Agreement 1-2000 of February 16, 2000 is modified |
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| Agreement 2 (2006) Which modifies Articles 7, 9, 10 and 13 of Agreement 3-2001 of September 5, 2001 on Banking Licenses |
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| Agreement 1 (2006) Whereby Numerals 1 and 2 of Article 129 of Decree Law No. 9 of 1998 are developed |
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Rules 2005
| Rules 2005 | Download |
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| Agreement 12 E (2005) Guide with examples of Suspicious Operations |
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| Agreement 12 (2005) Prevention of the misuse of Banking and Trust Services |
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| Agreement 11 (2005) | |
| Agreement 10 (2005) | |
| Agreement 9 (2005) | |
| Agreement 8 (2005) Article 85 of Decree Law No. 9 of 1998 on Bank Reticence, is developed |
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| Agreement 7 (2005) General parameters are set for clearing checks and fund availability |
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| Agreement 6 (2005) | |
| Agreement 5 (2005) | |
| Agreement 4 (2005) Real estate acquired in compensation of unpaid loans |
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| Agreement 3 (2005) Inactive Assets |
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| Agreement 2 (2005) Wire transfers |
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| Agreement 1 (2005) Modify Agreements 1-98 y 8-2002 of banking regulation tax |
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Rules 2004
| Rules 2004 | Download |
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| Agreement 2 (2004) Buying and selling portfolios and/or allocation of deposits. |
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| Agreement 1 (2004) Modify Accord No. 10-2003 related to Mergers and Acquisitions. |
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Rules 2003
| Rules 2003 | Download |
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| Agreement 10 (2003) Mergers and acquisitions |
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| Agreement 9 (2003) Modifies Agreement No. 6-1998 of Capital Adequacy Index |
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| Agreement 8 (2003) Fees for special services, Decree-Law 9-1998, Article No. 20 |
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| Agreement 7 (2003) Basic procedures for credit card activities |
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| Agreement 6 (2003) Modifies Agreement No. 2-2003 of Microfinances Banks |
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| Agreement 5 (2003) E-Banking Regulation |
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| Agreement 4 (2003) Modifies Agreement No. 6-2000, Credit assets quality and provisions for losses |
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| Agreement 3 (2003) Modifies Article 2 of Agreement No. 2-2002, Limiting equity investments in corporates not related to the banking business |
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| Agreement 2 (2003) Microfinances Banks |
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| Agreement 1 (2003) Prudent and adequate controls for operations with Linked Parties |
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Rules 2002
| Rules 2002 | Download |
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| Agreement 12(2002) Modified Agreement 2-98 (Progressives fines due to filing delays of Reports, Atoms and Other Documents). O.G. 24704 of December 20, 2002 |
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| Agreement 11(2002) Modified Article 12 of Agreement 9-2002 (For the Prevention of the Unlawful Use of the Banking Services). O.G. 24704 of December 20, 2002. |
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| Agreement 10 (2002) Subrogate Agreement 6-2001 regarding the proceeding to attend complains and / or denounces presented by the users of the banking services. |
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| Agreement 9 (2002) Modified Article 12 of Agreement 9-2000 regarding closing accounts. Published in the Official Bulletin No. 24659 of October 14th, 2002. |
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| Agreement 8 (2002) Modified Agreement 1-2000 regarding repossess of real states by establishing a time period of one year and six months, extended to three more yours in exceptional cases, to disposed them. |
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| Agreement 7(2002) Regarding joint banking - revoked Agreements 2-95 and 4-95. Published in the Offical Bulletin No. 24659 of October 14th, 2002. |
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| Agreement 6 (2002) Off Balance Transactions |
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| Agreement 5 (2002) Modified Article 20 of Agreement 6-2000 and Article 7-2000 regarding the Report of Loan Portafolio. |
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| Agreement 4 (2002) Opening of branches or subsidiaries of Panamanian Banks in another jurisdiction |
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| Agreement 3(2002) Methodology for the computation of the Annual Percentage Rate (APR). |
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| Agreement 2(2002) Limiting equity investments in corporates not related to the banking business. |
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| Agreement 1(2002) External Auditings according to Official Government Publication No. 24507 of march 8th, 2002. |
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Rules 2001
| Rules 2001 | Download |
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| Agreement 6 (2001) Complains Procedures. |
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| Agreement 5 (2001) Market Risk. |
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| Agreement 4 (2001) Corporate Governance.. |
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| Agreement 3(2001) Criteria for Granting Bank Licences. |
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| Agreement 2(2001) Modification of Agreement 1-1998, Rate of Regulation and Banking Supervision.. |
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| Agreement 1(2001) Modification of Agreement 7-2000, Investments Securities. |
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Rules 2000
| Rules 2000 | Download |
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| Agreement 10 (2000) The Superintendency of Banks is responsible for looking after the maintenance of the soundness and efficiency of the banking system as well as strengthening and fostering auspicious conditions... |
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| Agreement 9 (2000) | |
| Agreement 8 (2000) Compliance Program |
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| Agreement 7(2000) Investment assets quality and provisions for losses. |
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| Agreement 6 (2000) Credit assets quality and provisions for losses. |
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| Agreement 5 (2000) Amendment to Agreement 2-2000 on liquidity ratios for General License Banks. |
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| Agreement 4 (2000) Amendment to Agreement 1-85 on the Time Deposits. |
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| Agreement 3(2000) Amendment to Agreement 1-79 on the system for the provision of US Dollars to the Banking System. |
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| Agreement 2(2000) Liquidity ratios for General License Banks. |
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| Agreement 1(2000) Term for removal from the Bank's accounts of real estate acquired in compensation of unpaid loans. |
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Rules 1999
| Rules 1999 | Download |
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| Agreement 10 (1999) Limits to general risk concentration on related parties. |
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| Agreement 9 (1999) Limits to general concentration of individual risks. |
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| Agreement 8 (1999) Investment limits on debt titles of related parties. |
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| Agreement 7(1999) Individual limit to the debt title investment. |
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| Agreement 6 (1999) Modification of agreement 6-98; capital adequacy index. |
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| Agreement 5 (1999) Modification of agreement 5-98; capital adequacy index. |
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| Agreement 4 (1999) Adoption of IAS and USGAAP accounting Standards and NIAF and FAS as auditing Standars |
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| Agreement 3(1999) Consolidated Supervision of Banking Economic Group and Capital adequacy global index. |
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| Agreement 2(1999) Credit limits to related parties.. |
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| Agreement 1(1999) Individual credit limit. |
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Rules 1998
| Rules 1998 | Download |
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| Agreement 6 (1998) Capital Adequacy index. |
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| Agreement 5 (1998) Capital Adequacy index. |
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| Agreement 4 (1998) Frame agreement for the celebration of memorandum or understandings with foreing supervising entities. |
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| Agreement 3(1998) Adoption of International Accounting Standars. (IAS) |
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| Agreement 2(1998) Progresive fines due to report presentation delay. |
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| Agreement 1(1998) Banking regulation and supervision rate. |
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Circulars
Circulars 2012
| Circular | Descargar |
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| Circular 54 Inactive Assets Report. |
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| Circular 53 Submission of information through the ITBANK System due to the Day of National Mourning. |
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| Circular 52 Press Release from the National Security Council on the Office of Foreign Assets Control’s (OFAC) identification of 6 Panamanian Companies. |
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| Circular 51 Submission of information through the ITBANK System due to the Labor Day holiday. |
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| Circular 50 Rule No. 002-2012 |
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| Circular 49 Investments Atom AT15 – AT 06. |
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| Circular 48 Press Release from the National Security Council about OFAC – Office of Foreign Assets Control – 6 Panamanian Companies |
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| Circular 47 General Resolution SBP-RG-0005-2012 |
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| Circular 46 Submission of information through the ITBANK System due to the holy Week and Labor Day holidays |
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| Circular 45 Rule No. 4-2010 / Special Reports |
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| Circular CF-DL9-97 2-2012 (2012) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002. |
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| Circular CFL 3-85 2-2012 (2012) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/2003, and 29/2008) |
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| Circular 44 New Email Address for the submission of Form SB-FID-UAF |
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| Circular 43 Business and Customer Service Schedule of the Superintendency of Banks |
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| Circular 42 Business and Customer Service Schedule. Superintendency of Banks |
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| Circular 41 List of Al-Qaida Sanctions |
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| Circular 40 Rule No. 001-2012 |
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| Circular 39 Executive Decree No. 55 |
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| Circular 38 Iraq and Kuwait |
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| Circular 37 List of Al-Qaida Sanctions |
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| Circular 36 List of Al-Qaida Sanctions |
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| Circular 35 List – Guidelines adopted on 30 November 2011 |
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| Circular 34 Update to the Consolidated List |
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| Circular 33 Invitation to a Breakfast |
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| Circular 32 Executive Decree No. 55 |
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| Circular 31 Submission of information through the ITBANK System due to the Carnival Holidays |
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| Circular 30 Al-Qaida List of Sanctions |
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| Circular 29 New Forms – External Auditors |
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| Circular 28 General Resolution SBP-JD-0001-2012 |
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| Circular 27 Warning from the Superintendency of Securities (Circulation of fraudulent documents with seals of the former National Securities Commission and signatures of the Commissioners) |
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| Circular 26 Iraq and Kuwait |
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| Circular 25 Invitation – Breakfast Meeting. Presentation on the Banking Center’s 2011 Performance |
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| Circular 24 Al-Qaida List of Sanctions |
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| Circular 23 Al-Qaida List of Sanctions |
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| Circular 22 List – New Guidelines |
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| Circular 21 List |
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| Circular 20 General Resolution SBP-RG-0001-2012 |
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| Circular 19 Al-Qaida List of Sanctions |
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| Circular 18 Press Release from OFAC (Office of Foreign Assets Control) – Panama |
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| Circular 17 The Democratic Republic of the Congo |
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| Circular 16 Modification to the Consolidated List |
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| Circular 15 Review of FATF – GAFI Standards |
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| Circular 14 Submission of Information. Banco Nacional de Panamá (Circulation of some forged checks of the National Assembly) |
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| Circular 13 Letters on Commencement of Inspections |
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| Circular 12 Modification of the Consolidated List |
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| Circular 11 Officers of the Iranian Revolutionary Guard Corps |
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| Circular 10 Officers of the Iranian Revolutionary Guard Corps |
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| Circular 09 Modification of the Consolidated List |
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| Circular 08 Modification of the Consolidated List |
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| Circular 07 Modification of the Consolidated List |
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| Circular 06 Somalia and Eritrea |
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| Circular 05 Committee Name Change |
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| Circular 04 Modification to the Consolidated List |
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| Circular 03 Press Release from OFAC (Office of Foreign Assets Control) – Panama |
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| Circular 02 Al-Qaida List of Sanctions |
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| Circular 01 Press Release from OFAC (Office of Foreign Assets Control) – Panama |
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| Circular CF-DL9-97 1-2012 (2012) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002. |
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| Circular CFL 3-85 1-2012 (2012) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/2003, and 29/2008) |
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Circulars 2011
| Circular | Download |
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| Circular 109 (2011) 2012 Calendar for the submission of the FECI Form |
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| Circular 108 (2011) Submission of information through the ITBANK System due to Day of the Martyrs (9 January 2012) |
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| Circular 107 (2011) Rule No. 007-2011 |
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| Circular 106 (2011) Côte d’Ivoire |
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| Circular 105 (2011) The Islamic Republic of Iran |
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| Circular 104 (2011) Guidelines for the Consolidated List |
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| Circular 103 (2011) The Democratic Republic of the Congo |
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| Circular 102 (2011) Updated version of the Consolidated List |
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| Circular 101 (2011) Submission of Information: Banco Nacional de Panamá (Forged letter on Bank’s Letterhead) |
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| Circular 100 (2011) Updated version of the Consolidated List |
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| Circular 99 (2011) Updated version of the Consolidated List |
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| Circular 98 (2011) Updated version of the Consolidated List |
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| Circular 97 (2011) Updated version of the Consolidated List |
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| Circular 96 (2011) Updated version of the Consolidated List |
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| Circular 95 (2011) Updated version of the Consolidated List |
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| Circular 94 (2011) List – Individuals Associated with Al-Qaida |
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| Circular 93 (2011) The Democratic Republic of the Congo |
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| Circular 92 (2011) FATF-GAFI – Ongoing review process of compliance with the AML/CFT Standards |
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| Circular 91 (2011) Rule No. 006-2011 |
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| Circular 90 (2011) Modifications to the Single Account Plan (SAP) SB35, New BAN09 for derivatives information |
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| Circular 89 (2011) Investments Atom AT15 |
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| Circular 88 (2011) Submission of information through the ITBANK System to Mother’s Day, Christmas and New Year’s holidays |
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| Circular 87 (2011) Project to Computerize the Transmittal of Information |
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| Circular 86 (2011) 2012 Clearing House Calendar. Banco Nacional de Panamá |
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| Circular 85 (2011) Conceptual presentation of “Non-banking Correspondents” |
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| Circular 84 (2011) Use of Technology Tools provided by the Electoral Court and the Public Registry of Panama |
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| Circular 83 (2011) Use of Technology Tools provided by the Electoral Court and the Public Registry of Panama |
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| Circular 82 (2011) List |
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| Circular 81 (2011) Officers of the Iranian Revolutionary Guard Corps |
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| Circular 80 (2011) Updated Version of List |
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| Circular 79 (2011) Islamic Republic of Iran Shipping Line |
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| Circular 78 (2011) List |
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| Circular 77 (2011) Submission of Information through the ITBANK System due to National Holidays |
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| Circular 76 (2011) Submission of information. Stop payment of certain checks. UniBank & Trust, Inc. |
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| Circular 75 (2011) Officers of the Iranian Revolutionary Guard Corps |
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| Circular 74 (2011) List |
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| Circular 73 (2011) Changes to Committee’s Name |
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| Circular 72 (2011) List |
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| Circular 71 (2011) Somalia and Eritrea |
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| Circular 70 (2011) Islamic Republic of Iran |
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| Circular 69 (2011) Code d’Ivoire |
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| Circular 68 (2011) List |
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| Circular 67 (2011) Democratic Republic of the Congo |
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| Circular 65 (2011) Submittal of Informatioin. Stop payment of several checks. The Bank of Nova Scotia (Scotiabank) |
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| Circular 64 (2011) Consolidated List |
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| Circular 63 (2011) Consolidated List |
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| Circular 62 (2011) Consolidated List |
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| Circular 61 (2011) Consolidated List |
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| Circular 60 (2011) Consolidated List |
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| Circular 59 (2011) Rule No. 005-2011 |
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| Circular CFL 3-85 004-2011 (2011) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/2003, and 29/2008) |
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| Circular CF DL9-97 004-2011 (2011) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002) |
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| Circular 58 (2011) Notice sent by the National Banking and Securities Commission of Mexico (Comisión Nacional Bancaria y de Valores de México) |
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| Circular 57 (2011) Consolidated List |
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| Circular 56 (2011) Consolidated List |
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| Circular 55 (2011) Consolidated List |
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| Circular 54 (2011) Consolidated List |
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| Circular 53 (2011) Consolidated List |
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| Circular 52 (2011) New FECI interpretation criteria on loans granted to finance Breeding of Lower Organisms. (Law 24 of 7 June 1995, Executive Decree No. 43 of 7 July 2004, Executive Decree No. 1123 of 14 August 2009, Resolution AG-0138-2004 of 6 May 2004) |
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| Circular 51 (2011) New interpretation criteria of FECI Commission. Household Mortgages |
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| Circular 50 (2011) Circular No. 048-2010 – RUC or ID card format |
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| Circular 49 (2011) Stop payment of one (1) Banker’s Draft. Request made by Caja de Ahorros |
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| Circular 48 (2011) Submittal of information through ITBANK System due to the Anniversary of the Foundation of Panama City. |
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| Circular 47 (2011) Information Request – Financial Atom of Currency Positions AT14 and SB14 Chart. |
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| Circular 46 (2011) Mint and Circulation of the new B/.1.00 coin |
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| Circular 45 (2011) Rule No. 2-2010 – Banks Ratings Publication – Circular No. 25-2010 |
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| Circular 44 (2011) Submittal of Information. AN Resolution No. 4390-Telco of 13 April 2011 issued by the National Public Services Authority (ASEP – Autoridad Nacional de los Servicios Públicos) |
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| Circular 43 (2011) New directors appointed within the Superintendency of Banks |
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| Circular CFL 3-85 3-2011 (2011) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/99, 65/2003, and 29/2008) |
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| Circular CF DL 9-97 3-2011 (2011) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002) |
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| Circular 42 (2011) Applicable formula to calculate nominal and effective interest rates, Rule No. 1-2011. |
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| Circular 41 (2011) Rule No. 4-2010 – Letter to Management issued by External Auditors |
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| Circular 40 (2011) Submittal of Information. Stop payment of certain checks. MMG Bank Corporation + nota enviada por MMG Bank Corporation |
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| Circular 39 (2011) Submittal of Information. Stop payment of certain checks. Towerbank International, Inc. + nota enviada por Towerbank International, Inc. |
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| Circular 38 (2011) Invitation to attend the presentation “Operating Risk Standard Conceptual Framework Proposal” |
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| Circular 37 (2011) General Information Atom (AT05) Rule 12-2002 and General Resolution 2-2009 |
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| Circular 36 (2011) Due diligence to the applied to the Costa Rican citizen Olman Rimola Castillo – and Rimola Market Research |
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| Circular 35 (2011) Stop payment of one (1) Banker’s Draft. Bancafé (Panamá), S.A. + nota enviada por Bancafé |
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| Circular 34 (2011) Due diligence applied to SALUDCOOP/Colombia. |
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| Circular 33 (2011) Due diligence applied to SALUDCOOP/Colombia. |
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| Circular 32 (2011) Rule No. 004-2011. |
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| Circular 31 (2011) Submittal of information to the Superintendency due Holy Week and Labor Day. |
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| Circular 30 (2011) Business Schedule. Superintendency of Banks. |
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| Circular 29 (2011) Business Schedule. Superintendency of Banks. |
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| Circular 28 (2011) Consolidated List. |
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| Circular 27 (2011) Libyan Arab Jamahiriya. |
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| Circular 26 (2011) Libyan Arab Jamahiriya |
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| Circular CF DL 9-97 1-2011 (2011) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002) |
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| Circular CFL 3-85 1-2011 (2011) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65, 2003, and 29/2008) |
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| Circular 25 (2011) Consolidated List. |
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| Circular 24 (2011) Stop payment of two (2) Banker’s Draft. Banco Universal, S.A. |
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| Circular 23 (2011) Rule No. 003-2011 |
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| Circular 22 (2011) Submittal of Information. Stop payment of certain checks. The Bank of Nova Scotia (Scotiabank). |
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| Circular 21 (2011) Submittal of information to the Superintendency due Carnival holidays. |
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| Circular 20 (2011) General Resolution No. 001-2011 |
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| Circular 19 (2011) Updating of Consolidated List |
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| Circular 18 (2011) Stop payment of one (1) Banker’s Draft issued by Banco Delta, S.A. (BMF) |
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| Circular 17 (2011) Updating of Consolidated List |
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| Circular 16 (2011) Circular 63-2010/Report of Fraud in Electronic Channels |
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| Circular 15 (2011) Law No. 2 of 1 February 2011 “Whereby the measures to know your customer by Registered Agents of existing corporations, organized according to the laws of the Republic of Panama, are governed”. Official Gazette No. 26713-C. |
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| Circular 14 (2011) Circular No. 42-2009 |
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| Circular 12 (2011) Working Schedule. Superintendency of Banks. |
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| Circular 11 (2011) Rule No. 002-2011 |
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| Circular 10 (2011) Presentation. Results and projections of the International Banking Center |
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| Circular 08 (2011) Stop payment of one (1) Banker’s Draft issued by Banco Bilbao Vizcaya Argentaria (Panamá), S.A. (BBVA) |
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| Circular 06 (2011) Updating of Consolidated List |
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| Circular 05 (2011) Resolution J.D. No. 001-2011 |
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| Circular 04 (2011) Submittal of Information. Stop payment of one hundred (100) checks. Banco Trasatlántico, S. A. |
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| Circular 03 (2011) Submittal of Statistical Information |
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| Circular 02 (2011) Rule No. 001-2011 |
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| Circular CFL 3-85 1-2011 (2011) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/2003, and 29/2008) |
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| Circular 01 (2011) Submittal of information through ITBank System due to Martyr’s Day (January 9th). |
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| Circular CF DL 9-97 1-2011 (2011) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002). |
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Circulars 2010
| Circular | Download |
|---|---|
| Circular 67 (2010) Rule No. 009-2010 |
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| Circular 66 (2010) 2011 Clearing House Calendar. Banco Nacional de Panamá |
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| Circular 64 (2010) Rule No. 008-2010 |
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| Circular 63 (2010) Reporting of Fraud in Electronic Channels |
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| Circular 62 (2010) Circular No. 50-2004, Circular No. 57-2009, and Executive Decree No. 246 of 2004. |
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| Circular 61 (2010) Submittal of Information. Stop payment of one hundred and forty-nine (149) checks. Banco Trasatlántico, S.A. |
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| Circular 60 (2010) General Resolution No. 001-2010 |
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| Circular 59 (2010) Submittal of information through the ITBank System due to Mother’s Day, Christmas and New Year’s Celebration |
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| Circular 58 (2010) Rule No. 007-2010 |
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| Circular 57 (2010) Stop payment of one (1) Banker’s Draft issued by CAJA DE AHORROS |
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| Circular 56 (2010) Rule No. 6-2010 |
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| Circular 55 (2010) Rule No. 4-2010 |
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| Circular 54 (2010) Stop payment of thirty-four (34) Checks. Banco Universal, S. A. |
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| Circular 53 (2010) Submittal of information through ITBANK System due to National Holidays. |
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| Circular 52 (2010) Stop payment of one (1) Banker’s Draft issued by BANCAFÉ (PANAMÁ), S. A. |
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| Circular 51 (2010) Updating of Consolidated List. |
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| Circular 50 (2010) Politically Exposed Persons (PEPs). |
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| Circular 49 (2011) Rule No. 005-2010 |
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| Circular 48 (2010) RUC or ID Card Format |
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| Circular CF DL 9-97 4-2010 (2010) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002) |
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| Circular CFL 3-85 4-2010 (2010) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/2003, and 29/2008) |
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| Circular 47 (2010) Survey on Fees and Charges |
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| Circular 46 (2010) Press Release issued by the Financial Action Task Force (FATF) |
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| Circular 45 (2010) Bank’s General Information Atom (AT05) |
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| Circular 44 (2010) Rule No. 004-2010 |
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| Circular 43 (2010) Amendment to issuance date of Circular No. 30-2010 (Stop payment of one (1) Banker’s Draft issued by BANCAFE (PANAMA), S.A.) |
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| Circular 42 (2010) Amendment to issuance date of Circular No. 31-2010. (Stop payment of one (1) Banker’s Draft issued by Caja de Ahorros) |
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| Circular 41 (2010) Board of Directors’ Resolution No. 036-2010 |
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| Circular 40 (2010) Prevention of the Improper use of Banking and Trust Services (Agreement 12-2005). |
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| Circular 39 (2010) Stop payment of one (1) Banker’s Draft issued by CAJA DE AHORROS |
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| Circular 38 (2010) Roseville Investments, S.A. and Tremaine Corp |
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| Circular 37 (2010) Submittal of Liquidity Atoms AT10 and Weekly EVAP. |
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| Circular CF DL 9-97 3-2010 (2010) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002) |
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| Circular CFL 3-85 3-2010 (2010) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, and 65/2003, /2008) |
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| Circular 35 (2010) Stop payment of one (1) Banker’s Draft issued by CAJA DE AHORROS |
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| Circular 34 (2010) Records Review and/or Update Plan |
|
| Circular 33 (2010) Cross-border Cash Transfer. |
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| Circular 32 (2010) Derivatives Survey |
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| Circular 31 (2010) Stop payment of one (1) Banker’s Draft issued by CAJA DE AHORROS. |
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| Circular 30 (2010) Stop payment of one (1) Banker’s Draft issued by BANCAFÉ (PANAMÁ), S.A. |
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| Circular 29 (2010) Stop payment of two (2) Banker’s Drafts issued by BANCAFÉ (PANAMÁ), S. A. |
|
| Circular 28 (2010) Agreement No. 1-2002 – Letter to Management issued by External Auditors |
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| Circular 27 (2010) Submittal of Liquidity Atom AT10 and Weekly EVAP |
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| Circular 26 (2010) Law 81 of 2009 and Circular No.13-2010. |
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| Circular 25 (2010) Agreement No. 002-2010. |
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| Circular 24 (2010) Submittal of Liquid Atoms AT10 and Weekly EVAP |
|
| Circular 23 (2010) Transfer of Liquid Funds to the Banco Nacional de Panamá |
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| Circular 22 (2010) Circular No. 48-2007 |
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| Circular 21 (2010) Law No. 81 of 2009 “By means of which the rights of the credit cards and other financing cards holders are protected” |
|
| Circular 20 (2010) Three Months Claims Reports (Other Reports – Article 91, number 3 of the Banking Law) |
|
| Circular 19 (2010) Agreement No. 003-2010 |
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| Circular 18 (2010) 2009 Results of the IBC |
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| Circular 17 (2010) Liquidity and EVAP Chart |
|
| Circular 16 (2010) Agreement No. 002-2010 |
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| Circular 15 (2010) Agreement No. 6-2009 |
|
| Circular 14 (2010) Agreement No. 001-2010 |
|
| Circular 13 (2010) Law 81 of 2009 “By means of which the rights of the credit cards and other financing cards holders are protected” |
|
| Circular 12 (2010) Security Project |
|
| Circular 11 (2010) Risk Survey |
|
| Circular 10 (2010) Agreement No. 10-2009 and Circular No. 63-2009 |
|
| Circular 09 (2010) General Resolution J.D. No. 001-2010 |
|
| Circular 08 (2010) Customer attention and working schedule. Superintendency of Banks |
|
| Circular 07 (2010) Handbook Information and Compliance Program Requirement. Art. 1, number 7, and Art. 5 of Law 42-2000 |
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| Circular 06 (2010) 2010 Calendar of the Banco Nacional de Panamá – Clearing House |
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| Circular 03 (2010) Energy Saving Measures |
|
| Circular CFL 3-85 2-2010 (2010) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, and 65/2003, /2008) |
|
| Circular CF DL 9-97 2-2010 (2010) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002) |
|
| Circular 02 (2010) Submittal of Biweekly Liquidity Atom AT10 and Evaluation of Assets and Liabilities (EVAP) Chart |
|
| Circular 01 (2010) Checks stolen from the Coordinadora Nacional de Representantes de Corregimiento (CONARE) |
|
| Circular CF DL 9-97 1-2010 (2010) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002) |
|
| Circular CFL 3-85 1-2010 (2010) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, and 65/2003, /2008) |
|
Circulars 2009
| Circular | Download |
|---|---|
| Circular 60 (2009) Submission of the Biweekly Liquidity Atoms AT10, LS02, and the EVAP Table |
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| Circular 59 (2009) Submission of Audited Financial Statements |
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| Circular 58 (2009) Circular No. 8-2009 (Lines of Credit received from Correspondents) |
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| Circular 57 (2009) Circular No. 50-2004 and Executive Decree No. 246 of 2004. |
|
| Circular 56 (2009) Liberia |
|
| Circular 55 (2009) Modifications to the Consolidated List. |
|
| Circular 54 (2009) Popular Democratic Republic of Korea. |
|
| Circular 53 (2009) Updates to the Consolidated List. |
|
| Circular 52 (2009) Submission of the Biweekly Liquidity Atom AT10 and the EVAP Table |
|
| Circular 51 (2009) Agreement 9-2009 and General Resolutions No. 2 and 3-2009 |
|
| Circular 50 (2009) New Superintendent of Banks |
|
| Circular 49 (2009) Submission of information through ITBank and the Biweekly Liquidity Atom LS02 Report due to national holidays |
|
| Circular 48 (2009) General Resolution No. 1-2009 |
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| Circular 47 (2009) Agreement No. 3-2009 |
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| Circular 46 (2009) Stress Test Survey |
|
| Circular 45 (2009) Delays in the issuance of the minutes of Delays in the issuance of the minutes of cancellation of mortgages |
|
| Circular 44 (2009) Submission of Biweekly Liquidity Atom LS02, Weekly Cash Atom AT11 and Consolidation of Subsidiaries BAN02. |
|
| Circular CFL 3-85 3-2009 (2009) Housing Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/2003 and 29/2008) |
|
| Circular CF DL 9-97 3-2009 (2009) Loans for the Restoration of the Old Quarter (Decree Law No. 9/1997 and Law 4/2002) |
|
| Circular 43 (2009) International Development Bank, C.A. |
|
| Circular 42 (2009) Double Endorsement, Bank Notes and Other Cases. |
|
| Circular 41 (2009) Ivory Coast. |
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| Circular 40 (2009) Agreement No. 8-2009 |
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| Circular 39 (2009) Banking System Exposure Survey on credit facilities to Public Officials |
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| Circular 38 (2009) Agreement No. 7-2009 |
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| Circular 37 (2009) Articles 4.1.g and 5.1.f of Agreement No. 12-2005 of December 14, 2005 on Prevention of the Improper Use of Banking and Trust Services. |
|
| Circular 36 (2009) We are pleased to advise you that the Superintendency of Banks will implement the new ITBANk System version 1.0... |
|
| Circular 35 (2009) General Resolution J.D No. 032-2009 |
|
| Circular 34 (2009) Agreements No. 5-2009 and No. 6-2009 |
|
| Circular CF DL 9-97 3-2009 (2009) Loans for the Restoration of the Old Quarter (Decree Law No. 9/1997, Law 4/2002) |
|
| Circular CFL 3-85 3-2009 (2009) Residential Mortgage Loans (Law No. 3/85, 11/90. 5/94, 28/95, 30/99, 50/99, 65/2003, and 29/2008) |
|
| Circular 33 (2009) Capital Adequacy (SB36) |
|
| Circular 32 (2009) Presentation of the Biweekly Liquidity Atom LS02 and the Effective Weekly Atom AT11. |
|
| Circular 31 (2009) Law 3 of May 20, 1985. Preferential Interest Regime for mortgage loans |
|
| Circular 30 (2009) Agreement No. 4-2009 |
|
| Circular 29 (2009) Forged checks charged to the Panama Maritime Authority account |
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| Circular 28 (2009) System of Transfer of Information and the new ITBank |
|
| Circular 27 (2009) Atom of Guarantee Structure |
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| Circular 26 (2009) Modifications made to the Consolidated List. |
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| Circular 25 (2009) Agreement No. 3-2009 |
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| Circular 24 (2009) Preventive Measures for possible A (H1N1) Flu Pandemic |
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| Circular 23 (2009) Presentation of the Liquidity Atom AT (10), and Chart EVAP – Labour Day |
|
| Circular 22 (2009) Capacity of indebtedness of retirees and pensioners. Amendment of Article 3 of Law 37 of 2001. (Law 22 of April 13th of 2009, Official Gazette 26261). |
|
| Circular 21 (2009) Reorganization of Stanford Bank (Panama), S. A. |
|
| Circular 20 (2009) Update to the Consolidated List |
|
| Circular 19 (2009) Liquidity Atom |
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| Circular 18 (2009) Submission of the Biweekly Liquidity Atoms AT(10), LS02 and EVAP Table during Passion Week |
|
| Circular CF DL 9-97 2-2009 (2009) Loans for the Restoration of the Old Quarter (Decree Law No. 9/1997, Law 4/2002) |
|
| Circular CFL 3-85 2-2009 (2009) Housing Mortgage Loans (law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/2003 and 29/2008) |
|
| Circular 17 (2009) Agreement No. 2-2009 - By means of which the enter into effect of Agreement No. 5-2008 of October 1st, 2008 is extended |
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| Circular 16 (2009) Proposed Structure for the Atom of Guarantees |
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| Circular 15 (2009) Agreement No. 1-2009, Derogation of Agreement No. 8-2008 |
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| Circular 14 (2009) Vital Records and Juridical Acts Certification Requests |
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| Circular 11 (2009) Circular No. 6-2009. Liquidity Report and EVAP Weekly Table |
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| Circular 10 (2009) 2009 Training Timetable |
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| Circular 9 (2009) Presentation of the IBC report |
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| Circular 8 (2009) Compliance Officer |
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| Circular 7 (2009) Maximum Extension. Loans subject to the Preferential Interest Rules |
|
| Circular 6 (2009) Circular No. 5-2009 Agreement No. 9-2008 Liquidity Report and EVAP weekly table |
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| Circular 5 (2009) Agreement No. 9-2008 Liquidity Report |
|
| Circular 4 (2009) Agreement No. 9-2008 (Liquidity) |
|
| Circular 3 (2009) 2009 Timetable of the Banco Nacional de Panama Clearing House |
|
| Circular CF DL 9-97 1-2009 (2009) Loans for the Restoration of the Old Quarter (Decree Law No. 9/1997 and Law 4/2002) |
|
| Circular CFL 3-85 1-2009 (2009) Housing Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/2003 and 29/2008) |
|
| Circular 2 (2009) Designated Entities |
|
| Circular 1 (2009) Updates to the Consolidated List |
|
Circulars 2008
| Circular | Download |
|---|---|
| Circular 67 (2008) Inactive Goods (Art. 215 of the Banking Law) |
|
| Circular 66 (2008) Circular No. 65-2008. Customer service schedules from banking entities during the holiday season. |
|
| Circular 65 (2008) Work schedule of the national and municipal public offices for the Christmas and New Year Holidays. |
|
| Circular 64 (2008) The Superintendency’s Public Attention Schedule (December 19, 2008) |
|
| Circular 63 (2008) Special Services - Agreement 8-2003. |
|
| Circular 62 (2008) We hereby address you because this Superintendency of Banks has proceeded to analyze the authorization to review the credit references that the banking entities... |
|
| Circular 61 (2008) We hereby advise you that we are annulling the content of Circular No. 056-2008 of November 27, 2008, whereby Tuesday December 2, 2008 was enabled... |
|
| Circular 60 (2008) In addition to the information provided weekly through the liquidity atom, starting on the week that begins on November 29, we request you report... |
|
| Circular 59 (2008) We advise you that December 2, 2008 has been enabled as the last day for the submission of the weekly liquidity Atom AT 10 to this Superintendency for the period between November 24 and 28, 2008. |
|
| Circular 58 (2008) We reiterate what is stipulated by Agreement No. 5-2001 on Market Risk, which in its Article 15 states that the banks must report to this Superintendency... |
|
| Circular 57 (2008) As a consequence of the different queries received by this Superintendency of Banks, that arise from the application of Agreement No. 8-2008... |
|
| Circular 56 (2008) We advise you that Tuesday December 2, 2008 has been enabled as the last day for the submission of the Weekly Cash Atom, for the period between November 24 and 28, 2008. |
|
| Circular 55 (2008) List of companies that do not have this Office’s authorization to exercise the Banking Business as stipulated by the Banking Law |
|
| Circular 54 (2008) Agreement No. 8-2008 Temporary Measures |
|
| Circular 53 (2008) Submission of the Weekly Cash Atom for October 27 to 31 (Art. 91 of the Banking Law. General Resolution No. 3-2004). |
|
| Circular 52 (2008) Stickers for banks |
|
| Circular 51 (2008) Liquidity Reports. (Article 77, 185 and 187 of the Banking Law; Arts. 17 and 18 of Agreement 4-2008; Resolution 3-2004; Circular 006-2008). |
|
| Circular 50 (2008) We hereby advise you that Agreement 7-2008, which modifies Articles 15, 16 and 17 of Agreement No. 1-2006, which itself is modified by Agreement No. 4-2006... |
|
| Circular 49 (2008) We hereby advise you that Agreement 6-2008, whereby Article 11 of Agreement No. 2-2008 of July 3, 2008 is modified and the date... |
|
| Circular 48 (2008) We are pleased to advise you that by way of Executive Decree No. 103 of October 8, 2008, the Excellent President of the Republic of Panama... |
|
| Circular 47 (2008) Agreement No. 4-2008 (Bank Liquidity) |
|
| Circular 46 (2008) We hereby advise you that Agreement 5-2008, whereby equity standards for credit risk applicable to the Banking Entities are stipulated, has been approved... |
|
| Circular CFL 3-85 2-2008 (2008) Housing Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99 and 65/2003, 29/2008) |
|
| Circular CF DL 9-97 4-2008 (2008) Loans for the Restoration of the Old Quarter (Decree Law No. 9/1997 and Law 4/2002). |
|
| Circular 45 (2008) Staff in charge of Training or Human Resources. |
|
| Circular 44 (2008) Know-Your-Customer Policy |
|
| Circular 43 (2008) Personal Background Information Certificate Request. |
|
| Circular 42 (2008) Agreement No. 001-2008 Visa Card claims. |
|
| Circular 41 (2008) We hereby advise you that General Resolution J.D. 1-2008 on the legal liquidity index |
|
| Circular 40 (2008) Certifications of the General Directorate of Administrative Career. |
|
| Circular 39 (2008) We reiterate what is stipulated by Agreement No. 001-2008, “On the Claim Management System in the Banking Entities”... |
|
| Circular 38 (2008) Reiteration of Circular No. 18-2008.- Fraudulent Bank Guarantee. |
|
| Circular 37 (2008) Agreement No. 11-2005 (Bank Rating) |
|
| Circular 36 (2008) Penal Code Reforms |
|
| Circular 35 (2008) Agreement No. 4-2008 |
|
| Circular 34 (2008) Agreement No. 3-2008 |
|
| Circular 33 (2008) We hereby notify you that Agreement No. 2-2008, “whereby the general parameters are set for the valuation of guarantees for the coverage of credit risk”... |
|
| Circular 32 (2008) For the relevant purposes, this Superintendency hereby informs you that the Security Council Committee of the United Nations, established by virtue of Resolution... |
|
| Circular 31 (2008) Agreement No. 1-2008 |
|
| Circular 30 (2008) Updates to the Consolidated List. |
|
| Circular 29 (2008) Designated persons and entities. |
|
| Circular 28 (2008) Law 28 of June 2, 2008, which amends, among other things, Law 3 of 1985. Preferred Interest Regime for mortgage loans |
|
| Circular 26 (2008) Energy Savings Measures |
|
| Circular 25 (2008) Democratic Republic of Congo. |
|
| Circular 24 (2008) Agreement No. 11-2005 on Bank Rating |
|
| Circular 23 (2008) Staff in charge of the direction, management or coordination of the security program |
|
| Circular 22 (2008) Contingency and Business Continuity Plan |
|
| Circular 21 (2008) For the relevant purposes, this Superintendency hereby informs you that the Security Council of the United Nations... |
|
| Circular 20 (2008) Consolidated List |
|
| Circular 19 (2008) Institutions named by international organizations |
|
| Circular 18 (2008) Fraudulent Bank Guarantees |
|
| Circular 17 (2008) We hereby reiterate what is stipulated in Article 5 of Agreement No. 11-2005 of November 23, 2005, which literally stipulates... |
|
| Circular 16 (2008) With the purpose of gathering information regarding the interbank placements of the Panamanian Banking System, the Superintendency of Banks of Panama... |
|
| Circular 15 (2008) For the relevant purposes, this Superintendency hereby informs you that the 1267 Sanctions Committee of the United Nations... |
|
| Circular 14 (2008) We hereby address you regarding the inquiries received from the banks in reference to Agreement No. 1-2007 "whereby Minimum Security Standards... |
|
| Circular 13 (2008) In reviews made to the Deposits Atom (AT02) sent through the Information Transfer System, we have found some inconsistencies particularly related to... |
|
| Circular CFL 3-85 2-2008 (2008) Regarding what is stipulated in Article 4 of Law No. 3 of May 20, 1985, whose effect was extended and its Article 5... |
|
| Circular CF DL 9-97 2-2008 (2008) By virtue of what is stipulated in Article 10 of Decree Law No. 9 of August 27, 1997, amended by Law 4 of 2002... |
|
| Circular 12 (2008) We advise you that today March 17, 2008, has been set as the last day for the submittal to this Superintendency of the Audited Financial Statements of the Bank... |
|
| Circular 11 (2008) New SBP appointments |
|
| Circular 10 (2008) Email System - Circular No. 033-2006 |
|
| Circular 9 (2008) Agreement No. 001-2007 – Banking Security |
|
| Circular 8 (2008) Designated Individuals |
|
| Circular 7 (2008) Results and Prospects of the IBC |
|
| Circualr 6 (2008) Timely and accurate submittal of Atoms and BAN Tables. Information Transfer System. Decree Law No. 9 of 1998; Agreement No. 12-2002; General Resolution No. 3-2004. |
|
| Circular 5 (2008) Financial Statements. Observance of prudent standards, IFIS and US-GAAP (General Resolution No. 1-2007). |
|
| Circular 4 (2008) Updates to the Consolidated List. |
|
| Circular CF-DL9-97 1-2008 (2008) Loans for the Restoration of the Old Quarter (Decree Law No. 9/1997 and Law 4/2002) |
|
| Circular CFL 3-85 1-2008 (2008) Housing Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99 and 65/2003) |
|
| Circular 3 (2008) 2008 Calendar of the Banco Nacional de Panama Clearing House |
|
| Circular 2 (2008) Bridge” days and national holidays or mourning days that fall on a Monday Article 46 of the Labor Code |
|
| Circular 1 (2008) Personal Background Information Certificate Law 69 of 2007. |
|
Circulars 2007
| Circular | Download |
|---|---|
| Circular 60 (2007) The banking entities must make their rating public starting on the month of January of two thousand eight (2008), for which they will have a period of six (6) months after the fiscal closing... |
|
| Circular 59 (2007) Agreement No. 1-2007 |
|
| Circular 58 (2007) Updates to the Consolidated List. |
|
| Circular 57 (2007) We hereby remind you of the effect of Law No. 5 of January 11, 2007, “Which speeds up the process of opening companies and stipulates other provisions”. |
|
| Circular 56 (2007) We hereby emphasize the need that the Banks established in Panama that are dedicated to transporting cash and securities... |
|
| Circular 55 (2007) For the relevant purposes, this Superintendency hereby recommends, as preventive action, that those banking institutions... |
|
| Circular 54 (2007) Recommendations of the United Nations Security Council. |
|
| Circular 53 (2007) Recommendations of the United Nations Security Commission |
|
| Circular 52 (2007) Amendment and correction to identification data. |
|
| Circular 51 (2007) Extension of Circular No. 022-2007, regarding Group Insurance Contracts (Group Insurance Policy). |
|
| Circular 50 (2007) Fraudulent Document Issue |
|
| Circular 49 (2007) Fraudulent Credit Letter |
|
| Circular 48 (2007) Submittal and publication of Audited Financial Statements (Art. 55 and 56 – Decree Law No. 9 of 1998). |
|
| Circular 47 (2007) Transfer System – Deposit Atom |
|
| Circular 46 (2007) Survey on Main Information Technology Infrastructure of Banks |
|
| Circular 45 (2007) Assertion of Misprint |
|
| Circular 45 (2007) Articles 1 and 2 of Agreements 5-2006 and 6-2006 |
|
| Circualr 44 (2007) Individuals that are subject to sanctions. |
|
| Circular 43 (2007) Notice to the Superintendency of Banks about increase in Capital Funds in Banking Entities and their Economic Group. |
|
| Circular 42 (2007) Designated entities and individuals |
|
| Circular 41 (2007) Enforcement Officer Appointments |
|
| Circular 40 (2007) Agreement No. 7-2006 of October 6, 2006. |
|
| Circular 39 (2007) Appointment of Directors and Executive Officers |
|
| Circular 38 (2007) Designated Entities |
|
| Circular 37 (2007) Fraudulent Bank Guarantee Letter |
|
| Circular 36 (2007) Information Transfer System, Version 5.2 |
|
| Circular 35 (2007) Designated entities and individuals |
|
| Circular CFL 3-85 3-2007 (2007) Housing Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99 and 65/2003) |
|
| Circular 34 (2007) Law 3 of May 20, 1985. Preferred Interest Regime for mortgage loans |
|
| Circular CF-DL9-97 3-2007 (2007) Loans for the Restoration of the Old Quarter (Decree Law No. 9/1997 and Law 4/2002). |
|
| Circular 33 (2007) Fraudulent Bank |
|
| Circular 31 (2007) 2006 Audited Financial Statements General Resolution No. 1-2007 |
|
| Circular 30 (2007) Information Transfer System, Version 5.0 |
|
| Circular 29 (2007) Information on credit and contingent operations of the subsidiaries – Circular 26-2007 |
|
| Circular 27 (2007) Ready State Bank of Panama |
|
| Circular 26 (2007) Information on credit and contingent operations of the subsidiaries |
|
| Circular 25 (2007) MOHAMMED AL GHABRA. |
|
| Circular CFL 3-85 2-2007 (2007) Housing Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99 and 65/2003) |
|
| Circular CF DL 9-97 2-2207 (2007) Loans for the Restoration of the Old Quarter (Decree Law No.9/1997 and Law 4/2002). |
|
| Circular 24 (2007) Update to the OFAC list. |
|
| Circular 23 (2007) Article 147 of Decree Law No. 9 of 1998 |
|
| Circular 22 (2007) Delivery of Group Insurance Contract (Policy) Document |
|
| Circular 21 (2007) Jihad al-Bina construction company |
|
| Circular 20 (2007) Bank Securities Ecuador Central Bank |
|
| Circular 19 (2007) Cash Declaration Forms |
|
| Circular 18 (2007) FECI. Exemption for loans granted to persons in the golden age, retirees and pensioners |
|
| Circular 12 (2007) We are pleased to advise you that Agreement No. 7-2006, "which stipulates the obligation the banking entities have of remitting credit information to the customer"... |
|
| Circular 11 (2007) We hereby inform you that in light of the Carnival holidays, the Superintendency of Banks' offices will be closed on February 19, 20 and 21, 2007... |
|
| Circular 10 (2007) Due to the provisions stipulated in Agreement No. 8-2006, banks must continue to use the cash declaration forms SB-EF-CH and SB-EFC... |
|
| Circular 8 (2007) For the relevant purposes, this Superintendency hereby informs you that the 1267 Sanctions Committee of the United Nations has included NAJMUDDIN FARAJ AHMAD, MOHAMED MOUMOU... |
|
| Circular 7 (2007) | |
| Circular 5 (2007) Bank Sepah, Bank Sepah International and Ahmad Derakhshandeh |
|
| Circular 4 (2007) New Director of Procedure Control, Norms and Operating Security |
|
| Circular 3 (2007) New Legal Director |
|
| Circular 2 (2007) Agreement No. 8-2006 and General Resolution No. 1-2006 |
|
| Circular CFL 3-85 (2007) Housing Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99 and 65/2003) |
|
| Circular 1 (2007) Fraudulent Bank Guarantee Letter |
|
| Circular CF DL 9-97 (2007) Loans for the Restoration of the Old Quarter (Decree Law No. 9/1997 and Law 4/2002) |
|
Circulars 2006
| Circular | Download |
|---|---|
| Circular 72 (2006) Information from the Department of the Treasury. |
|
| Circular 71 (2006) Individuals that are subject to sanctions. |
|
| Circular 70 (2006) Individuals and companies that are subject to sanctions. |
|
| Circular 69 (2006) Atoms, BAN Tables and other Prudential Reports 2007 Submittal Timetable |
|
| Circular 68 (2006) Clearing House |
|
| Circular 67 (2006) Agreements 5 and 6-2006 Capital Adequacy. |
|
| Circular 66 (2006) Article 5 of Law No. 35 of October 31, 2006, whereby Numerals 1 and 2 of Article 128 of Law 22 of June 27, 2006 are modified. |
|
| Circular 64 (2006) Agreement No. 9-2005 of October 19, 2005. |
|
| Circular 63 (2006) Update to the OFAC List. |
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| Circular 61 (2006) General Resolution No. 1-2006 – Inspection Tariffs |
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| Circular 60 (2006) For the relevant purposes, this Superintendency hereby informs you that the United States Treasury Department has announced... |
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| Circular 59 (2006) Circular No. 55 of September 22, 2006. |
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| Circular 58 (2006) National Savings Week |
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| Circular 57 (2006) Statistical Directory Update |
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| Circular 56 (2006) We are pleased to send, for your knowledge and application, a copy of Accord No. 4-2006 whereby Articles 4, 12, 15, 16, 17 and 22 of Accord 1-2006 of January 25, 2006 on Asset Liquidation... |
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| Circular 55 (2006) This Superintendency hereby informs you that the Financial Analysis Unit for the Prevention of Money Laundering and Terrorism Financing (FAU) of the Public Security and National Defense Council... |
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| Circular 54 (2006) This Superintendency hereby informs you that the United States Treasury Department appointed and froze the assets of two financial companies... |
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| Circular CF-DL9-97 (2006) By virtue of what is stipulated in Article 10 of Decree Law No. 9 of August 27, 1997, modified by Law 4 of 2002 “Whereby special incentive rules are established for restoring and placing value... |
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| Circular 53 (2006) Islamic Resistance Support Organization (IRSO). |
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| Circular CFL-3-85 (2006) Regarding what is stipulated in Article 4 of Law No. 3 of May 20, 1985, whose effect was extended and its Article 5 was modified by Law No. 65 of October 29, 2003... |
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| Circular 52 (2006) Iranian Bank Saderat. |
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| Circular 51 (2006) Publication by the United Nations Office against Drugs and Crime |
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| Circular 50 (2006) Abd A-Hamid Sulaiman Al-Mujil and the Philippine branch of the International Islamic Relief Organization (IIRO) |
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| Circular 49 (2006) New Superintendent of Banks. |
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| Circular 48 (2006) We hereby notify Panama's Banking Center that on our website we have |
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| Circular 47 (2006) We hereby inform you regarding the content of Article 128 of Law 22 of June |
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| Circular 46 (2006) | |
| Circular 45 (2006) State Phone Numbering Plan |
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| Circular CF- 9-97 (2006) By virtue of what is stipulated in Article 10 of Decree Law No. 9 of August 27, 1997, modified by Law 4 of 2002 “Whereby special incentive rules are established... |
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| Circular CFL 3-85 (2006) Regarding what is stipulated in Article 4 of Law No. 3 of May 20, 1985, whose effect was extended and its Article 5 was modified by Law No. 65 of October 29, 2003... |
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| Circular 43 (2006) Circular No. 017-2005 Ivory Coast. |
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| Circular 42 (2006) New numbers for the Phone System |
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| Circular 39 (2006) Update to the OFAC list. |
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| Circular 38 (2006) Global Portfolio Rating (GPR) Circular No. 061-2005. |
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| Circular 37 (2006) BAN05 Table. Account Plan Capital Adequacy. |
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| Circular 36 (2006) Request for resubmitting information through the Transfer System. |
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| Circular 34 (2006) Circular No. 025-2006. |
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| Circular 33 (2006) Email System |
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| Circular 32 (2006) Local Market Inter-Bank Reference Rate |
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| Circular 31 (2006) International Conference on Financial Security and Organized Crime |
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| Circular 30 (2006) Due Diligence on Customer. |
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| Circular 29 (2006) Period for Sending Information |
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| Circular 28 (2006) BA’ASYIR, Abu Bakar; GUNAWAN, Gun Gun Rusman; RIFKI, Ta |
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| Circular 27 (2006) Global Portfolio Rating (GPR) |
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| Circular 26 (2006) Assertion of Misprint. Paragraph 2, Article 6 of Agreement 12-2005. |
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| Circular 25 (2006) Information Transfer System, Version 4.0 |
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| Circular 24 (2006) Agreement No. 1-2006 |
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| Circular 23 (2006) Declarations of Cash and Quasi-Cash Transactions. Article 6, Agreement No.12-2005 |
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| Circular 22 (2006) Warning from the Department of the Treasury. |
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| Circular 21 (2006) Change to the Working Day and Customer Service Schedule |
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| Circular 20 (2006) Through this means, we affirm the concepts set by this Superintendency of Banks for the effects of reporting the General Data Atom and the BAN01 Table... |
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| Circular CFL 3-85 No. 2-2006 (2006) Regarding what is stipulated in Article 4 of Law No. 3 of May 20, 1985, whose effect was extended and its Article 5 was modified by Law No. 65 of October 29, 2003... |
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| Circular CF-DL9-97 No. 2-2006 (2006) By virtue of what is stipulated in Article 10 of Decree Law No. 9 of August 27, 1997, modified by Law 4 of 2002 “Whereby special incentive rules are established... |
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| Circular 19 (2006) As you know, a few days ago the Superintendency of Banks remitted a survey by email regarding the technology platform of banking entities... |
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| Circular 18 (2006) Through this means, we communicate that in the Regional Summit on prevention of Terrorism Financing held in the Central Bank of the Republic of Argentina... |
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| Circular 17 (2006) Copy of Agreement No. 2-2006 whereby Articles 7, 9, 10 and 13 of Agreement No. 3-2001 of September 5, 2001 on Banking Licenses, are modified |
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| Circular 16 (2006) In light of the information requested through Circular No. 006-2006 of January 31, 2006, we notify you that we have included a validation in the liquidity atom. |
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| Circular 15 (2006) The Banco Nacional de Panama has communicated to this Superintendency that several Fraudulent Bank Guarantee Letters have been circulating locally and abroad |
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| Circular 14 (2006) Acceptance of high denomination bills |
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| Circular 13 (2006) Route of the 2006 Carnival in Panama City |
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| Circular 11 (2006) AHMED IDRIS NASREDDIN. Circular No. 035-2002. |
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| Circular 10 (2006) Official Communication with Banks |
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| Circular 9 (2006) Waiver, Abandonment or Settlement before the Superintendency of Banks |
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| Circular 7 (2006) Presentation of 2005 Results – Projections for 2006 |
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| Circular 6 (2006) Information Transfer System – Weekly Liquidity Atom. |
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| Circular 5 (2006) Monthly Subsidiary Report – BAN-02 |
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| Circular 3 (2006) RUC Format in Foreign Corporations |
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| Circular 2 (2006) Ahmed Idris Nasreddin was added to the list of individuals and/or entities, which includes the immediate freezing of their assets because they are considered to be linked to Usama bin Laden / Al Qaida |
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| Circular CFL 3-85 1-2006 (2006) Housing Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99 and 65/2003) |
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| Circular 1 (2006) International Financial Information Standards (IFIS). Submittal of Financial Statements. |
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| Circular CF-DL9-97 1-2006 (2006) Loans for the Restoration of the Old Quarter (Decree Law No.9/1997 and Law 4/2002). |
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Circulars 2005
| Circular | Download |
|---|---|
| Circular 72 (2005) Customer service. |
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| Circular 71 (2005) Agreement No. 12-2005 and Special Agreement No. 12-2005 E. |
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| Circular 70 (2005) Suspension of customer service. |
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| Circular 69 (2005) Information Transfer System, Table SB25 on Risk Rating. |
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| Circular 68 (2005) 2006 Calendar for the submittal of Atoms, BAN tables and other prudential reports |
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| Circular 67 (2005) Agreement No. 11-2005. |
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| Circular 66 (2005) HAPILON, Isnilon Totoni, SAHIRON, Radulan, and SALI Jr., Jainal Antel. |
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| Circular 65 (2005) Construction Financing |
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| Circular 64 (2005) | |
| Circular 61 (2005) | |
| Circular 60 (2005) | |
| Circular 49 (2005) Contracts pursuant to legal provisions |
|
| Circular 48 (2005) Temporary change to the Working Day and Customer Service Schedule. |
|
| Circular 47 (2005) Violations to Title V of Decree-Law No. 9 of February 26, 1998 – RIGHT TO INFORMATION |
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| Circular 46 (2005) Monthly Subsidiary Report – BAN02 |
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| Circular 44 (2005) Moroccan Combatant Group or Groupe Islamique Combattant Marocain (GICM). |
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| Circular 43 (2005) Bank Capital Funds. |
|
| Circular 42 (2005) Invitation to XV Latin American Trust Congress - City of Panama |
|
| Circular 41 (2005) General Resolution No. 002-2005: Banking Sector Global Risk Rating System (CAMELS) |
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| Circular 40 (2005) Loans protected by Preferred Interest Laws. |
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| Circular 39 (2005) Agreement No. 06-2005. |
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| Circular 38 (2005) Movement for Islamic Reform in Arabia (MIRA Group) to your List No. 70T of individuals and/or entities |
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| Circular 37 (2005) Certification of OFAC List Revision and changes in Enforcement Officers |
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| Attachment Circular 37 (2005) OFAC Certification |
 |
| Circular 36 (2005) Technical and functional inquiries related to the Information Transfer System |
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| Circular CFL 3-85 No. 3-2005 (2005) Housing Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99 and 65/2003) |
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| Circular CF-DL9-97 N° 3-2005 (2005) Loans for the Restoration of Casco Viejo (Decree Law No.9/1997 and Law 4/2002) and changes in Enforcement Officers |
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| Circular 35 (2005) Transfer System, Version 3.0 |
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| Circular 34 (2005) RUSDAN, Aby; ZULKARNAEN AND PITONO, Joki, have been added to List No. 71 of individuals and/or entities. |
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| Circular 33 (2005) JIHAD Islamic Group is added to List No. 72 of individuals and/or entities. |
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| Circular 32 (2005) Agreement No. 05-2005 of may 18, 2005. |
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| Circular 31 (2005) Global Portfolio Classification (GPC) |
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| Circular 30 (2005) ELEHSSAN is added to your organization, in List No. 70 of individuals and/or entities. |
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| Circular 29 (2005) Audited Financial Statements (IFISs) |
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| Circular 28 (2005) Inactivity fees |
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| Circular 27 (2005) Circular N° 20-2005 and Circular N° 21-2005 |
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| Circular 26 (2005) MULTIBANKA AND VEF BANK. |
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| Circular 25 (2005) LASHKAR E-TAYYIBA (LET). |
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| Circular 24 (2005) IBRAHIM BUISIR. |
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| Circular 23 (2005) BILAL AL-HIYARI. |
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| Circular 22 (2005) Bank Calendar. |
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| Circular 21 (2005) Monthly atoms, monthly BAN Tables And Prudential Reports of April. |
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| Circular CF-DL9-97 N° 2-2005 (2005) Loans for the Restoration of the Old Quarter Loans for the Restoration of the Old Quarter (Executive Order N° 9/1997 and Act 4/2002). |
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| Circular 20 (2005) New 3.0 version of the Information Transfer System. |
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| Circular CFL 3-85 No. 2-2005 (2005) Residential Mortgage Loans (Act 3/85, 11/90, 5/94, 28/95, 30/99, 50/99 and 65/2003). |
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| Circular 19 (2005) Electronic Banking. |
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| Circular 18 (2005) Press Release of the FSF. |
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| Circular 17 (2005) COSTA DE MARFIL |
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| Circular 16 (2005) General Resolution N° 001-2005 |
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| Circular 15 (2005) Financial Statements prepared by External Auditors. |
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| Circular 14 (2005) MUHSIN AL-FADHLI |
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| Circular 13 (2005) Agreement No. 4-2005. |
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| Circular 12 (2005) KHADAFI ABUBAKAR JANJALANI |
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| Circular 11 (2005) ADEL ABDUL JALIL BATTERJEE |
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| Circular 10 (2005) SAAD RASHED MOHAMMAD AL-FAQUIH. |
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| Circular 9 (2005) New Assistant Directors of Banking Supervision in situ and extra-situ |
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| Circular 8 (2005) New Director of Banking Supervision |
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| Circular 7 (2005) Agreement No. 01-2005. |
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| Circular 6 (2005) Shaboom Investment, Inc. (Law No. 42 of 2000 and Agreement No. 9-2000). |
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| Circular 5 (2005) SULAYMAN KHALID DARWISH |
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| Circular 4 (2005) Divulgation of Credit Information Agreement 6-2000. Circular 30-2001 |
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| Circular 3 (2005) Agreements No. 2-2005 and 3-2005 |
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| Circular 2 (2005) Limit of general risk exposition in Related Parties (Article 64 of Decree Law No. 9 of 1998, numeral 5; Article 3, Agreement 10-99). |
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| Circular 1 (2005) Politically Exposed Persons (PEPS) |
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| Circular CFL 3-85 No. 1-2005. (2005) Residencial Mortgage Loans (Law 3-/85 11/90, 5/94, 28/95, 30/99, 50/99 and 65/2003 |
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| Circular CF-DL9-97 No. 1-2005. (2005) Loans for the Restauration of the Old City (Decree-Law No. 9/1997 and Law 4/2002). |
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Circulars 2004
| Circular | Download |
|---|---|
| Circular 54 (2004) Cedula number clarification |
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| circular 48 (2004) Farfalla Investment, S.A., Gloria Isabel Mora Romero and Alberto Rojas |
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| circular 46 (2004) Suspicious Operations Report Form and Stipulated Documentation |
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| Circular 45 (2004) JAMA’AT AL-TAWHID WA’ALJIHAD (JTJ). |
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| Circular 43 (2004) Haraimain Islamic Foundation |
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| Circular 42 (2004) New Director of the Financial Analysis Unit for the Prevention of Money |
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| Circular 38 (2004) Bank Calendar. |
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| Circular 37 (2004) Information under the Superintendency’s Web Page. |
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| Circular 36 (2004) Agreement 8-2000 modified by Agreement 10-2000. Circular 76-2000. |
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| Circular 35 (2004) Securities as Substitution for loans. |
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| Circular 34 (2004) Transference System, New Country Code in table SB03. |
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| Circular 33 (2004) Banking Reserve of the Banks. |
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| Circular 32 (2004) Certification of the Revision of the “OFAC” Internet site. |
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| Circular 31 (2004) Basle II Technical Committee. |
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| Circular 30 (2004) ABDELHEDI Mohamed Ben Mohamed, DARRAJI Kamel, EL MAHFOUDI Mohamed, JAMMALI Imed Ben Bechir, LOUBIRI Habib Ben Ahmed, TRABELSI Chabaane Ben Mohamed. |
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| Circular 29 (2004) New Capital Agreement (Basle II). |
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| Circular CF-DL9-97 3-2004 (2004) Loans for Restoring the City’s Old Quarter (Decree Law No. 9/1997 and Law 4/2002). |
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| Circular CFL 3-85 3-2004 (2004) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99 and 65/2003). |
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| Circular 28 (2004) Assad Ahmad Barakat and the Casa Apollo and Barakat Import Export, Ltda. Companies. |
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| Circular 27 (2004) Hassan Abdullah Hersi al-Turki, a.k.a. Hassan Turki. |
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| Circular 26 (2004) Islamic Haramain (Afghanistan, Albania, Bangladesh, Ethiopia, Holland) Foundation and ex-Haramain Leader, Aqeel Adbul Asis Al Agil. |
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| Circular 25 (2004) Resolution No. 201-1210 of the General Directorate of Revenue of the Ministry of Economy and Finance. |
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| Circular 24 (2004) Assets Acquired in Compensation for Pending Credits. Agreement No. 1-2000 and 8-2002, Circular No.19-2002. |
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| Circular 23 (2004) Kamel DJERMANE, Ahmed ZERFAOUI, Dhou EL-AICH, Hacene ALLANE. |
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| Circular 22 (2004) Al Furgan, Taibah International (Bosnia), and Al-Haramain & Al Masjed Al-Aqsa Charity Foundation. |
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| Circular 21 (2004) UAF-1 (FIU-1) Documents must include a certified true copy seal, May 18th 2004. |
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| Circular 20 (2004) Rights established by Law No.6 of June 16, 1987. |
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| Circular CF-DL9-97 2-2004 (2004) Preferential Mortgage Loans for Restoration (Decree Law No.9 of 1997, Circular CBN No.13-97). |
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| Circular CFL 3-85 2-2004 (2004) Residential Mortgages Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99 and 50/99). |
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| Circular 19 (2004) Personnel in charge in the absence of the Compliance Official. |
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| Circular 18 (2004) New Juridical Director and New Secretary General |
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| Circular 17 (2004) Re-sending Bank Tables BAN02 of 2003 |
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| Circular 16 (2004) Monthly Reports for March 2004. |
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| Circular 15 (2004) Quarterly Remitting of Reports of Economic Groups and Related Parties (Table BAN03). |
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| Circular 14 (2004) Al-Zindani |
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| Circular 13 (2004) Changing name of Management Control Unit to Compliance Unit |
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| Circular 12 (2004) Weekly Remittance of Reports during the Carnival period (Monday February 23rd and Wednesday 25, 2004). |
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| Circular 11 (2004) 2004 Calendar of the System for Transferring Information and other Printed Reports |
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| Circular 10 (2004) Quarterly Remittance of Capital Adequacy (Table BAN05). |
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| Circular 9 (2004) Route of “Tourism 2004 Carnival” |
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| Circular 8 (2004) Four branches of the Al-Haramain Organization |
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| Circular 7 (2004) Update of the Committee of Sanctions 1267 of the United Nations on Sulaiman Jassem Sulaiman Abo Ghaith |
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| Circular 6 (2004) Notifications from the Superintendency of Banks |
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| Circular 5 (2004) Transmittal of Economic Groups, Related Parts and Capital Adaptation for the last trimester of 2003 |
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| Circular 4 (2004) Circular No. 14-2003 of April 23, 2003 (Remission of Atom corresponding to the month of fiscal closure) |
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| Circular 3 (2004) Submission of information through Atoms |
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| Circular 2 (2004) Addition of four pseudonyms for LT and three for JEM |
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| Circular 1 (2004) Updates to Executive Decree No. 13224 on Safet Durguti, Vazir y Hochburg Ags |
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| Circular CF-DL9-97 1-2004 (2004) Preferential Mortgage Loans for Restorations. (Decree-Law No. 9 of 1997, Circular CBN No. 13-97). |
|
| Circular CFL 3-85 1-2004 (2004) Residential Mortgage Loans. (Law 3/85, 11/90,5/94, 28/95, 30/99 and 50/99). |
|
Circulars 2003
| Circular | Download |
|---|---|
| Circular 69 (2003) Calendar of suspension of customer services by the banking system |
|
| Circular 68 (2003) Remission of Agreement No. 10-2003 |
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| Circular 67 (2003) Modifies Circular No. 66-2003 |
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| Circular 66 (2003) Special Work Hours during Christmas and New Year Holidays |
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| Circular 65 (2003) Requests for authorization to re-submit information |
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| Circular 64 (2003) Remission of Agreement No. 9-2003 |
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| Circular 63 (2003) Enquiry about Status of the Information Remitted |
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| Circular 62 (2003) Identification of the country of Burma and two of its Banks, the Myanmar Mayflower Bank and the Asia Wealth Bank, as possible facilitators of Money Laundering |
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| Circular 61 (2003) “Know your Client” Policy, related to Executive Order Resolution 13224 |
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| Circular 60 (2003) Updates to Executive Order Resolution 13224 |
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| Circular 59 (2003) Due days and months |
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| Circular 58 (2003) “Know-your-Client” Policy (Art. 1, Law 42 of 2000; Agreement 9-2000) |
|
| Circular 57 (2003) Agreements No. 7-2003 and No. 8-2003 |
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| Circular 56 (2003) Agreement No. 6-2003, Modification to Agreement No. 2-2003 of Microfinance Banks |
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| Circular 55 (2003) Submission of Weekly Cash Atom (AT11) |
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| Circular 54 (2003) Weekly Liquidity Atom (AT10) |
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| Circular 53 (2003) Submission of the Weekly Liquidity Atom |
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| Circular 52 (2003) MUJAHEDIN-E-KHALQ Organization |
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| Circular 51 (2003) WALDENBERG AG Organization |
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| Circular 50 (2003) Release from the INTERPOL National Central Office of Panama. |
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| Circular 46 (2003) | |
| Circular 45 (2003) HAMAS Organization |
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| Circular 44 (2003) Regarding the concerns expressed concerning the validity of the Polaroid cedulas, we inform you on the criterion revealed by the Board of Elections. |
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| Circular 43 (2003) Technology Consults |
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| Circular 42 (2003) Restrictions of Code 9999 for Monthly and Weekly Liquidity Atoms and for Table BAN 04 Liability Component |
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| Circular 41 (2003) Verification of OFAC list (Law 42 of 2000, Agreement 9 – 2000, Circular Letter N°28-2003) |
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| Circular 40 (2003) Fiscal Equity Law |
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| Circular 39 (2003) Consultations regarding the System of Transference of Information – Atoms |
|
| Circular 38 (2003) “Other Sectors Code” (Code 9999) Table SB08-AT03 |
|
| Circular 37 (2003) First list of Individuals Related to Irak and Kuwait´s Situation, and Identified in Resolution 1483 (2003) of the Security Council of the United Nations. |
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| Circular 36 (2003) Violation of Title V of Decree Law 9 of February 26 of 1998 |
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| Circular 35 (2003) Good and Rights under Trust Management |
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| Circular 34 (2003) Compliance with Decree Law 1 of 1999 |
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| Circular 33 (2003) Press release issued by BIS |
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| Circular 32 (2003) Audited Consolidated Financial Statements |
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| Circular 31 (2003) Election Court provisions |
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| Circular 30 (2003) OFAC List Updated |
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| Circular 29 (2003) Dollar bills stained with red ink |
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| Circular 28 (2003) “Know your Client” Policy. (Article 1, Law 42 of 2000; Agreement 9-2000) |
|
| Circular 27 (2003) Article No. 154 of Decree Law No. 9 of 1998 - Inactive Assets. |
|
| Circular 26 (2003) FATF 40 Recomendations (2003) |
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| Circular 25 (2003) Update of the OFAC List. |
|
| Circular 24 (2003) Consultations relating to the Information Transmittal System – Atoms |
|
| Circular 23 (2003) Agreement 5-2003 |
|
| Circular 22 (2003) Financial Action Task Force –FATF Warning |
|
| Circular 21 (2003) Confidentiality and Non-disclosure of Information. (Article 1, Paragraph 6 of Law 42 of 2000 |
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| Circular 20 (2003) Specially Designated Nationals and Blocked Persons List -SDN- of the OFAC |
|
| Circular 19 (2003) Out of Balance Credit Operations and Others |
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| Circular 18 (2003) “Know your Client” Policy. (Article 1, Law 42 of 2000; Agreement 9-2000) |
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| Circular 17 (2003) 6-2000 Global Portfolio Classification |
|
| Circular 16 (2003) FINCEN |
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| Circular 15 (2003) Submission of Capital Adaptation |
|
| Circular 14 (2003) Re-submission of atom corresponding to the month of fiscal closure |
|
| Circular CFL 3-85 13-2003 (2003) Residential Mortgage Loans. (TLRM). (Law 3/85, 11/90, 5/94, 28/95, 30/99 and 50/99) |
|
| Circular CF-DL9-97 12-2003 (2003) Reference Rate Preferential Mortgage Loans for Restorations |
|
| Circular 11 (2003) Remission of Agreement No. 3-2003 and 4-2003 |
|
| Circular 10 (2003) Special measures for non cooperative jurisdictions, financial entities and their international transactions regarding Money Laundering |
|
| Circular 9 (2003) Regional Congress for the Prevention of Money Laundering and Terrorist Financing. |
|
| Circular 8 (2003) International Narcotics Control Strategy Report. |
|
| Circular 7 (2003) Agreement No. 1-2003 and 2-2003. |
|
| Circular 6 (2003) Provision of information on collective policies. Freedom of contracting of insurers and brokers. |
|
| Circular 5 (2003) | |
| Circular 4 (2003) | |
| Circular 2 (2003) Calendar 2003 Closing Dates for the remittance of the Atoms and other printed reports. |
|
| Circular 1 (2003) Preferential Mortgage Loans for Restoration. (Decree-Law No. 9 of 1997, Circular CBN No. 13-97) |
|
| Circular 1 (2003) Contract Formats and Models |
|
Circulars 2002
| Circular | Download |
|---|---|
| Circular 49 (2002) Remittance of Information |
|
| Circular 48 (2002) Process of Transfer of Information |
|
| Circular 47 (2002) Information and application of Agreements 11-2002 and 12-2002 |
|
| Circular 46 (2002) Calendar Of Suspension Of Attention To The Public By The Banking System |
|
| Circular 45 (2002) System of Modernization of the Superintendency of Banks |
|
| Circular 44 (2002) Conference “The Argentinean Crisis: Lessons for Panama" |
|
| Circular 43 (2002) Clarification of the Banking Calendar |
|
| Circular 42 (2002) New Banking Products |
|
| Circular 41 (2002) Agreement No. 07-2002, 08-2002, 09-2002 and 10-2002 |
|
| Circular 40 (2002) Cash Atoms |
|
| Circular 39 (2002) Press release by Fitch Qualifying Agency titled: “Panamanian Banking System: First Half 2002 Performance Update” |
|
| Circular 38 (2002) New Form – External Auditors |
|
| Circular 37 (2002) Coactive Jurisdiction in Administrative Liquidations |
|
| Circular 36 (2002) Clarification on Credit Atom |
|
| Circular 35 (2002) Updating of OFAC List |
|
| Circular 34 (2002) Liquidity Atoms of Weekly (No. 10) and Monthly Liquidity (No. 07). |
|
| Circular 33 (2002) Process of functional validation of Information |
|
| Circular 32 (2002) Handling of the risk of off-balance credit operations |
|
| Circular 31 (2002) Continuous sanctions established by the United States of America against the Taliban |
|
| Circular 30 (2002) Request for Information, Website addresses |
|
| Circular 29 (2002) Aggressive Marketing Policies |
|
| Circular 28 (2002) Integral Functional Validations |
|
| Circular 27 (2002) Updated List of Frozen Assets of Persons and Entities |
|
| Circular 26 (2002) Information required to banks by the competent authority |
|
| Circular 25 (2002) New President and Secretary of the Board of Directors |
|
| Circular 24 (2002) Specially Designated Nationals and Blocked Persons- SDN List |
|
| Circular 23 (2002) Merger and Acquisition |
|
| Circular 22 (2002) Application Agreement No. 5-2002 and General Resolution 1-2002 of May 8 2002 |
|
| Circular 21 (2002) Guidance for Financial Institutions in Detecting Terrorist Financing |
|
| Circular 20 (2002) Calculation of the Estimated Loss in the loans and credit facilities portfolio |
|
| Circular 19 (2002) Project of Modernization of the Superintendency of Banks |
|
| Circular 18 (2002) Deadline for adequacy |
|
| Circular 17 (2002) Publication of the Banking Setter |
|
| Circular 16 (2002) Deadline for the submittal of Audited Financial Statements corresponding to the closing of the fiscal exercise 2001 |
|
| Circular 15 (2002) | |
| Circular 14 (2002) Project of Modernization of Communications |
|
| Circular 13 (2002) Specially Designated Nationals and Blocked Persons – SDN List |
|
| Circular 12 (2002) New section: The Banking Center in 2001. |
|
| Circular 11 (2002) Report from GAFI on the most recent methods and trends of money laundering and terrorist funding |
|
| Circular 10 (2002) Route of the “Carnival of 2002” |
|
| Circular 9 (2002) Deadline for the submittal of reports corresponding to the month of January 2002 |
|
| Circular 8 (2002) Request for Information as per Article 2 of Law No. 42 of October 2, 2000 |
|
| Circular 7 (2002) Exception of limitation to the participation of a Bank in other companies |
|
| Circular 6 (2002) Strategic Plans |
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| Circular 5 (2002) Request for Information on judicial proceedings |
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| Circular 4 (2002) Update of the OFAC´s website (Office of Foreign Assets Control) |
|
| Circular 3 (2002) Deadline for the submittal of reports corresponding to the month of December 2001 |
|
| Circular 2 (2002) New Director of Banking Supervision |
|
| Circular 1 (2002) Calendar of Suspension of Attention to the Public |
|
Circulars 2001
| Circular | Download |
|---|---|
| Circulars 43 (2001) Market Risk and User Protection respectively |
|
| Circulars 42 (2001) Alert Bulletin on three new entities related to terrorist acts. |
|
| Circulars 41 (2001) Calendar Of Suspension Of Attention To The Public By The Banking System |
|
| Circulars 40 (2001) Term for the banks to submit their Strategic Plan for 2002 |
|
| Circulars 39 (2001) Specially designated nationals and blocked persons – SDN List. |
|
| Circulars 38 (2001) User Protection. Provision of Information on Collective Policies |
|
| Circulars 37 (2001) Project for the Modernization of Communications |
|
| Circulars 36 (2001) Flexibilization in credit and reduction in interest rates |
|
| Circulars 35 (2001) Instructions the Compliance Officers regarding banking and /or trust issues |
|
| Circulars 34 (2001) Limit of General exposure of individual risk. Limit of general exposure in related parties |
|
| Circulars 33 (2001) Invitation to the induction session of the Project of Modernization of Communications |
|
| Circulars 32 (2001) Updated of the requirements and criteria for the Granting of Banking Licenses |
|
| Circulars 31 (2001) Distribution of the software for capturing and sending ifnormation through the internet |
|
| Circulars 30 (2001) Quarterly Submittal of Consolidated Financial Statements |
|
| Circulars 29 (2001) Request information required in the monthly form SB-EXPOS |
|
| Circulars 28 (2001) Certification of Compliance of Requirements of Capital Adequacy of branches of Foreign Banks having International License. |
|
| Circulars 27 (2001) Certification of Compliance of Requirements of Capital Adequacy of branches of Foreign Banks having General License. |
|
| Circulars 26 (2001) Limit of general risk exposure in Related Parties |
|
| Circulars 25 (2001) Withdraw of the recopilation of General Resolutions, Circulars and Agreements |
|
| Circulars 24 (2001) New President and Secretary of the Board of Directors |
|
| Circulars 23 (2001) Classification of the Investments Portfolio, Agreement 7-2000 |
|
| Circulars 22 (2001) E-banking |
|
| Circulars 21 (2001) Bank mergers |
|
| Circulars 20 (2001) Agreement 2-2001, modified Articles 3 and 4 of Agreement 1-98 on the Regulation and Banking supervision Rate |
|
| Circulars 19 (2001) reiterate the criterion of interpretation of regarding the application of the retention established in Law 4 of 1994 |
|
| Circulars 18 (2001) Agreement 1-2001: Modification of Agreement 7-2000 |
|
| Circulars 17 (2001) Investments Classification Form (Agreement 7-2000) |
|
| Circulars 16 (2001) General Resolution No. 01-2001. Country Risk |
|
| Circulars 15 (2001) Loans to Related Parties. Article 64 DL 9-98, Agreement 2-99 |
|
| Circulars 14 (2001) Economic Banking Groups /Consolidated Supervision |
|
| Circulars 13 (2001) Sanctions to Decree-Law 9 and its Regulations |
|
| Circulars 12 (2001) Quarterly delivery of Consolidated Financial Statements |
|
| Circulars 11 (2001) Technical infrastructure used by Banks |
|
| Circulars 10 (2001) Opening of establishments abroad by Panamanian Banks |
|
| Circulars 9 (2001) Local market reference rate for commercial financing |
|
| Circulars 8 (2001) Request of the Bank´s e-mail |
|
| Circulars 7 (2001) Agreement 5-98 and 6-98 Capital Adequacy |
|
| Circulars 6 (2001) Economic Banking Groups /Consolidated Supervision |
|
| Circulars 5 (2001) Loans to Related Parties |
|
| Circulars 4 (2001) Reports on the limit of general exposure to individual risk in related parties and in economic banking groups |
|
| Circulars 3 (2001) Determining the level of investment performed by the privatized and administrative license companies |
|
| Circulars 2 (2001) Reports on the limit of general exposure to individual risk in related parties and in economic banking groups |
|
| Circulars 1 (2001) Term for the submittal of December 2000 reports |
|
Circulars 2000
| Circular | Download |
|---|---|
| Circulars 76 (2000) Agreement 10-2000, modifies Agreement 8-2000. Notification of Compliance Officer New Form |
|
| Circulars 75 (2000) Quarterly Delivery of Consolidated Financial Statements |
|
| Circulars 73 (2000) Quarterly delivery of Financial Statements |
|
| Circulars 71 (2000) Internet Banking Services |
|
| Circulars 70 (2000) Request for information on the calculation of the cash deposit limit of usual customers |
|
| Circulars 69 (2000) Request for information on judicial proceedings |
|
| Circulars 67 (2000) General Resolution No. 8-2000 |
|
| Circulars 66 (2000) Modification of the Risk Interest Rate Form |
|
| Circulars 65 (2000) Identification of depositors to the Bank. “Know your Customer” Policy |
|
| Circulars 64 (2000) Loans Portfolio Classification New Forms |
|
| Circulars 63 (2000) Unauthorized Activities of Representative Offices |
|
| Circulars 62 (2000) Calendar Of Suspension Of Attention To The Public By The Banking System |
|
| Circulars 61 (2000) Banking services by Internet |
|
| Circulars 60 (2000) Introduction of Lic.Enrique de Obarrio De La Guardia as the new Legal Director of this Superintendency |
|
| Circulars 59 (2000) Provitions for the reports of suspicious operations |
|
| Circulars 58 (2000) International Accounting Standards |
|
| Circulars 57 (2000) Agreement 9-2000 for the Prevention of the Ilegal Use of the Banking Services |
|
| Circulars 56 (2000) Clarification relate to the Forms for the report on limit of general exposal of individual risk, in related parties, and in economic banking group |
|
| Circulars 55 (2000) Delivery term for Risk of Interest Rate and Related Parties Forms |
|
| Circulars 54 (2000) Modified Circular 37-2000, Real Estate Acquired by means of Past Due Credits Report Form |
|
| Circulal 53 (2000) Revision of Guarantees |
|
| Circulars 52 (2000) Request of certifications of the Superintendency on the duration of their License and /or the scope of authorized operations |
|
| Circulars 51 (2000) Term for the submittal of reports in November |
|
| Circulars 50 (2000) Knowledge and application of the Anti-Money Laundering System |
|
| Circulars 49 (2000) Money Laundering Prevention |
|
| Circulars 48 (2000) Term of delivery for the Risk of Interest Rate and Related Parties forms |
|
| Circulars 47 (2000) Modifies Circulars 27-2000 |
|
| Circulars 46 (2000) Modifies Circulars No. 36-2000; 39-2000; 40-2000 |
|
| Circulars 45 (2000) Reports and Forms of Minimum Legal Liquidity |
|
| Circulars 44 (2000) Handling of Country Risk General Resolution No. 07-2000 |
|
| Circulars 43 (2000) Terms for the remittanceof models and formats of contracts |
|
| Circulars 42 (2000) Compliance Officer (Agreement 8-2000) |
|
| Circulars 41 (2000) Terms of retention applied by the banks to funds deposited with cheques by account holders in their Demand Deposits |
|
| Circulars 40 (2000) Report on the economic banking group |
|
| Circulars 39 (2000) Modified Circular 36-2000 |
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| Circulars 38 (2000) Support of the free and fluid circulation in Panama of US dollar bills |
|
| Circulars 37 (2000) Report on real estates acquired for past due credits |
|
| Circulars 36 (2000) Report on the limit of general exposal to individual risk |
|
| Circulars 35 (2000) Acceptnacte of US dollars of any denomination |
|
| Circulars 34 (2000) Inspection Rates, General Resolution 1-98 |
|
| Circulars 33 (2000) Classification of investments and constitution of provisions, Agreement 7-2000 |
|
| Circulars 31 (2000) Inactive Accounts, Article 154 of Decree Law 9 of 1998 |
|
| Circulars 30 (2000) Payments to the Superintendency of Banks in concept of Regulation and Bank Supervision Rate, Fines and Inspections |
|
| Circulars 29 (2000) Minimum legal liquidity index, Notion of Affiliate (Agreement 2--2000) |
|
| Circulars 28 (2000) Classification of loans and constitution of provisions, Agreement 6-2000 |
|
| Circulars 27 (2000) Interest Rate Risk Management (General Resolution 2-2000) |
|
| Circulars 26 (2000) New President and secretary of the Board of Directors |
|
| Circulars 25 (2000) New publication of the Legal System of the Special Interest Compensation Fund (FECI) |
|
| Circulars 24 (2000) Fines for late submittal of reports /related documents with complaints from the users of banking services |
|
| Circulars 23 (2000) Adoption by the Superintendency of Banks of the selection of the Accounitng and Auditing System |
|
| Circulars 22 (2000) Elimination of basic charge to International License Banks for provision of Cash |
|
| Circulars 20 (2000) Submittal of the Audited Financial Statements |
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| Circulars 19 (2000) Interest Rate Risk Management |
|
| Circulars 18 (2000) Submittal of consolidation detail |
|
| Circulars 17 (2000) Resolution J.D. No. 02-2000 of March 15, 2000 of the Board of Directors |
|
| Circulars 16 (2000) Report of Legal Liquidity Index |
|
| Circulars 15 (2000) Deadline for the submittal of reports in March |
|
| Circulars 13 (2000) Weekly frequency of the Legal Liquidity Report |
|
| Circulars 12 (2000) Real Estate Property acquired in compensation in pending credits |
|
| Circulars 11 (2000) Acceptable currency for Legal Liquidity Index |
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| Circulars 10 (2000) Conditions for the compliance of the Minimum Legal Liquidity |
|
| Circulars 9 (2000) Quality of the US Dollar Bills |
|
| Circulars 8 (2000) Documents addressed to the Superintendency of Banks |
|
| Circulars 7 (2000) Withdraw of the Guide to Installation of Connection to the Communications Server |
|
| Circulars 6 (2000) New Director of Banking Supervision of the Superintendency of Banks |
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| Circulars 5 (2000) Deadline for communicating the election between NICs and US-GAAP |
|
| Circulars 4 (2000) User protection. Freedom of contracting of underwriters and brokers |
|
| Circulars 3 (2000) Local market reference rate for commercial financing |
|
| Circulars 2 (2000) Agreements 8-2000, 9-2000, 10-2000 and 11-2000 |
|
| Circulars 1 (2000) Congratulations to the Banking System for adjusting to year 2000 |
|
Circulars 1999
| Circular | Download |
|---|---|
| Circulars 40 (1999) Starting date of current Superintendent of Banks |
|
| Circulars 39 (1999) Appointment of Interim Superintendent of Banks |
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| Circulars 38 (1999) Closure Schedule (Arts. 152 and 17 Number 18), D.L. 9/98; Circulars 22-98 and 16-99 |
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| Circulars 37 (1999) Non-business day |
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| Circulars 36 (1999) Notice related to bills of exchange issued by the Superintendency of Banks and Financial Entities of Bolivia |
|
| Circulars 35 (1999) Domestic Time Deposits Interest Rates (Article 58, Number 1 of Decree Law No. 9 of 1998; General Resolution No. 5-99) |
|
| Circulars 34 (1999) Submittal of SB-CA2000-13 Form |
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| Circulars 33 (1999) Increments of Cash Available Levels by Banco Nacional de Panama |
|
| Circulars 32 (1999) Term to inform about choosing between AIS and US-GAAP (Rule No. 4-99; General Resolution 3-99, Circular No. 23-99) |
|
| Circulars 31 (1999) Term for the submittal of November reports (General Resolutions 2-99 and 5-99) |
|
| Circulars 30 (1999) Banking Center’s Closure Schedule for 1999 onwards (Arts. 152, 17 (Number 18); D.L. 9-98; Circular No. 22-98) |
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| Circulars 29 (1999) Balance Sheet Statement and Income Statement (Art. 58, number 1 of Decree Law 9 of 1998) |
|
| Circulars 28 (1999) Survey. HTTP and email addresses. Internet Banking Services |
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| Circulars 27 (1999) Information from Juridical Persons. New Public Registry Information System through internet. Account Opening procedures. (Art. 1, C.D. 41/90, amended by Law 46) |
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| Circulars 26 (1999) Banks’ Contingency Plans |
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| Circulars 25 (1999) Capital Regulations. Amendments to Rules 5-98 and 6-98 |
|
| Circulars 24 (1999) Term for the submittal of loans and credit facilities list. Related Parties (Arts. 1, 2 and 8 Rule No. 2-99) |
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| Circulars 23 (1999) Term to inform about choosing between AIS and US-GAAP |
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| Circulars 22 (1999) Income Statement |
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| Circulars 21 (1999) New Board of Directors of the Superintendency of Banks |
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| Circulars 20 (1999) Circular No. 10-99 |
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| Circulars 19 (1999) Description of National Banking System’s Household Mortgage loans |
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| Circulars 18 (1999) Term for the submittal of monthly Balance Statement and Income Statement. (Article 58, Number 1, D.L. 9 of 1998) |
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| Circulars 17 (1999) Electronic Records Management (Law 11 of 1998, E.D. 57 of 1999; Circular CBN9-98) |
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| Circulars 16 (1999) 1999 Banking Center’s Closure Schedule |
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| Circulars 15 (1999) Auditing and Accounting Acceptable Standards: AIS, US-GAAPS, IAS and SAS |
|
| Circulars 14 (1999) Term for the submittal of monthly Balance Statement and Income Statement. (Article 58, Number 1, D.L. 9 of 1998) |
|
| Circulars 13 (1999) New Communication System Survey |
|
| Circulars 12 (1999) Term to adjust to Capital Adequacy provisions (Art. 45 D.L. 9/98, Rule 5-98) |
|
| Circulars 11 (1999) General Resolution No. 1-99 of 5 February 1999 |
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| Circulars 10 (1999) Cash and Quasi-cash Declaration Forms Reception and Processing |
|
| Circulars 9 (1999) Consumer Day |
|
| Circulars 8 (1999) Basel Committee on Banking Supervision Report |
|
| Circulars 7 (1999) Relocation of the Superintendency of Banks |
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| Circulars 6 (1999) Custody of Banks’ Operations Documentation (General Resolution No. 1-99) |
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| Circulars 5 (1999) Accounting International Standards (Rule 3-98, General Resolutions No. 2-98 and 3-98, Circular No. 18-98) |
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| Circulars 4 (1999) Usual Operations |
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| Circulars 3 (1999) Relocation of the Administration and Finance Division offices |
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| Circulars 2 (1999) Circular No. 26-98 (Arts. 19, 63, 64, and 73-A of the Banking Law) |
|
| Circulars 1 (1999) Superintendent of Banks’ Incorporation |
|
Circulars 1998
| Circular | Download |
|---|---|
| Circular 27 (1998) Banking Regulatory and Supervisory Assessment Fees. (Arts. 19 and 137, D.L. 9 of 1998, Rule No. 1-98). |
|
| Circular 26 (1998) Law No. 97 of 21 December 1998. |
|
| Circular 25 (1998) Term for the submittal of SB-CA2000-03 Form (Circular 9-98). |
|
| Circular 24 (1998) Y2K Problem. (Circulars 1-98 and 9-98). |
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| Circular 23 (1998) 1999 Banking Center’s Closure Schedule. Arts. 152, 17 (Number 18, D.L. 9 of 1998; Circular No. 22-98). |
|
| Circular 22 (1998) 1999 Banking Center’s Closure Schedule. |
|
| Circular 21 (1998) Rules No. 5-98 and 6-98. Capital Adequacy application requirements. |
|
| Circular 20 (1998) International Cooperation for Consolidated Supervision (Arts. 27 and following, D.L. 9 of 1998, Rule 4-98). |
|
| Circular 19 (1998) Closure Schedule. |
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| Circular 18 (1998) Rule 3-98 of 23 September 1998 and General Resolution No. 2-98 of 30 September 1998. |
|
| Circular 17 (1998) Penalties for late submittal of periodic reports/documents (Arts. 137, 138, 16 – Number 7, Rule No. 2-98, NBC Rule No. 2-92). |
|
| Circular 15 (1998) Display and publication of Audited Financial Statements. |
|
| Circular 14 (1998) Instability in main international and Latin American stock markets. |
|
| Circular 13 (1998) General Resolution No. 1-98. Inspection Fees. |
|
| Circular 12 (1998) Banking Regulatory and Supervisory Assessment Fees. |
|
| Circular 11 (1998) SB-LPD Form. Partial – Daily Liquidity Report (Circular 6-98). |
|
| Circular 10 (1998) Intervention Order to BANCO DE PRESTAMOS (PANAMA), S.A. |
|
| Circular 9 (1998) Circular No. 001-98 SB-CA2000-03 Form. |
|
| Circular 8 (1998) Anti-Money Laundering Regulations (Art. 164, D.L. 9 of 1998; C.D. 41 of 1990; Lay 46 of 1995; E.D. 234 of 1996; NBC Rules No. 5-90, 1-91, 2-96, 1-97, 2-97, 3-97). |
|
| Circular 7 (1998) Non-audited Financial Statements as of quarterly closure. Article 57 of DL 9/98 |
|
| Circular 6 (1998) Partial – Daily Liquidity Report. Article 49 DL 9-98. |
|
| Circular 5 (1998) Consumer Protection. Freedom to contract insurers and insurance brokers. Article 36 Law 59 of 1996. |
|
| Circular 4 (1998) Circular No. 12-98 issued by the National Banking Commission |
|
| Circular 3 (1998) Article 54 DL 9/98. |
|
| Circular 2 (1998) Rule 1-98. |
|
| Circular 1 (1998) Y2K Problem |
|
General Resolutions
Resolution 2012
| Resolution | Download |
|---|---|
| Resolution SBP-JD-0010-2012 Whereby seven (7) additional employees of the Superintendency of Banks of Panama are recognized as Banking Supervisor Civil Service Career Staff Members |
|
| Resolution SBP-JD-0009-2012 Appointment of Interim Superintendent |
|
| Resolution SBP-JD-0008-2012 Appointment of Interim Superintendent |
|
| Resolution SBP-JD-0005-2012 Appointment of Interim Superintendent |
|
| Resolution SBP-RG-0005-2012 Whereby the information requirements provided for in General Resolution No. 2-2009 are updated |
|
| Resolution SBP-RG-0004-2012 Closing of SBP’s offices due to Holy Week |
|
| Resolution SBP-JD-0003-2012 To appoint Director Louis-Jean Montague Belanger as a Director on the Board of Directors of the Superintendency of Securities |
|
| Resolution SBP-JD-0002-2012 Whereby the new Internal Work Regulation of the Superintendency of Banks is approved |
|
| Resolution SBP-JD-0001-2012 “The Limit for debenture payments referred o in Article 9 of Rule 4-2008 dated 24 July 2008 shall be maintained. Said article stipulates that no more than fifty percent (50%) of the liquid assets used for calculating the liquidity index may consist of payments on debentures (meaning loan debentures) due within one hundred eighty-six (186) calendar days after the liquidity report. These debentures must be rated in the Normal category pursuant to the Rule on Loan Ratings” |
|
| Resolution SBP-RG-0001-2012 “Whereby the General Resolution No. 001-2010 is amended” |
|
Resolution 2011
| Resolution | Download |
|---|---|
| Resolution B.D. 44 (2011) Appointment of Interim Superintendent from the first (1st) to the third (3rd) of December, two thousand eleven (2011). |
|
| Resolution B.D. 41 (2011) Appointment of Interim Superintendent from the fourteenth (14th) to the eighteenth (18th) of October, 2011 |
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| Resolution B.D. 38 (2011) Appointment of Interim Superintendent from twelfth (12th) to fourteenth (14) of October, 2011 |
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| Resolution B.D. 37 (2011) Appointment of Interim Superintendent |
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| Resolution B.D. 35 (2011) Delegation to Deputy Directors of Supervision Division |
|
| Resolution B.D. 34 (2011) Interim Superintendent from September 11 to 14, 2011 |
|
| Resolution B.D. 33 (2011) Whereby fifteen (15) employees of the Superintendency of Banks are recognized as Banking Supervisor Civil Service Career Officials |
|
| Resolution B.D. 27 (2011) Delegation to Director of Supervision |
|
| Resolution B.D. 24 (2011) Interim Superintendent from 27 to 30 July 2011 |
|
| Resolution B.D. 23 (2011) Whereby the Administrative Organizational Structure of the Superintendency of Banks is modified |
|
| Resolution B.D. 22 (2011) To appoint Mrs. Yanela Yaniselly as Interim Superintendent |
|
| Resolution B.D. 6 (2011) Whereby the Administrative and Organizational Structure of the Superintendency of Banks is amended |
|
| Resolution B.D. 5 (2011) Whereby an Interim Superintendent is appointed due to the temporary absence of the Superintendent |
|
| Resolution 002-2011 (2011) Delegation to Director of Administration |
|
| Resolution 1-2011 (2011) Whereby the requirements of information set forth in numbers 5, 6, and 7 of Article 9 of Rule No. 4-2010 about special reports are widen up |
|
| Resolution B.D. 1 (2011) The limit for debenture down payments referred to in Article 9 of Rule No. 4-2008 of 24 July 2008 is maintained |
|
Resolution 2010
| Resolution | Download |
|---|---|
| Resolution JD 043 (2010) By means of which Yanela Yanisselly, Director of Legal Banking, is appointed as Interim Superintendent from September 15 to 16, 2010 |
|
| Resolution JD 036 (2010) The percentage of fifty percent (50%) will be maintained as it is referred to in Article 9 of Agreement No. 4-2008 of 24 July 2008... |
|
| General Resolution 1 (2010) Whereby the methodology to calculate Bank Examinations fees is established and the General Resolution No. 1-2009 of 26 October 2009 is repealed. |
|
| Resolution JD 001 (2010) Decree Law 2 of 22 February 2008 authorized the Executive Branch to systematically order in a proper sequence the provisions of Decree Law 9 of 28 February 1998... |
|
Resolution 2009
| Resolution | Download |
|---|---|
| Resolution 3 (2009) In work sessions of this Superintendency of Banks, the need of setting and to make known the requirements the banks must meet for the remittance of liquid funds to the National Bank of Panama... |
|
| Resolution 2 (2009) That after the issuance of Decree Law No. 2 of February 22nd, 2008, the Executive Branch prepared a systematic order in way of a Sole Text of Decree Law 9 of February 28th... |
|
| Resolution 1 (2009) Whereby the amounts of the tariffs by way of rights for Banking inspections, Follow up inspections and Special inspections are set. |
|
| Resolution JD 32 (2009) The fifty percent (50%) to which Article 9 of Agreement No. 4-2008 of July 24th, 2008 |
|
Resolution 2008
| Resolution | Download |
|---|---|
| Resolution 1 (2008) Calculate the limit for installment payments and debentures payable within one hundred eighty six (186) days. |
|
Resolution 2006
| Resolution | Download |
|---|---|
| Resolution 1 (2006) Whereby the tariffs by way of rights for Banking Inspections, Follow-Up Inspections and Special Inspections, are set |
|
Resolution 2005
| Resolution | Download |
|---|---|
| Resolution 1 (2005) | |
Resolution 2004
| Resolution | Download |
|---|---|
| Resolution 3 (2004) Modifies General Resolution No. 1-2004. |
|
| Resolution 2 (2004) Classification of the information of the Superintendency of Banks relates to the Transparency Law. |
|
| Resolution 1 (2004) Modifies Resolution 1-2002. |
|
Resolution 2003
| Resolution | Download |
|---|---|
| Resolution 1 (2003) Modifies Article 1 of General Resolution No. 01-2000 dated February 23rd, 2000 |
|
Resolution 2002
| Resolution | Download |
|---|---|
| Resolution 2 (2002) Establishes the Superintendency of Banks’ ethic code. |
|
| Resolution 1 (2002) Modifies General Resolution 2-2000, Article 4; with respect to the content and frequency of the remittance of information to the Superintendency. |
|
Resolution 2001
| Resolution | Download |
|---|---|
| Resolution 1 (2001) Modifies Resolution 7-2000, regarding country risk management. |
|
Resolution 2000
| Resolution | Download |
|---|---|
| Resolution 8 (2000) Retirate General Resolution N°. 2-98 of September 30, 1998 and General Resolution 3-98 of November 23, 1998, IAS 39 Financial Institution January 1, 2001. |
|
| Resolution 7 (2000) Country Risk Management. |
|
| Resolution 6 (2000) Modification of General Resolution 1-1998: Inpection rate. |
|
| Resolution 5 (2000) Inactive property, funds and asset communication deadline for unknown where abouts of bearer. |
|
| Resolution 4 (2000) Modification of General Resolution 2-2000; Interest rate risk management. |
|
| Resolution 3 (2000) Long-term deposit effective interest rate. |
|
| Resolution 2 (2000) Interest rate risk management. |
|
| Resolution 1 (2000) Legal liquidity report presentation deadline. |
|
Resolution 1999
| Resolution | Download |
|---|---|
| Resolution 6 (1999) Modification of General Resolution 5-99; prudential and statistic report presentation deadline. |
|
| Resolution 5 (1999) Deadline for the presentation of prudential and statistical reports. |
|
| Resolution 4 (1999) Deadline for the presentation of credit facility lists to Related Parties. |
|
| Resolution 3 (1999) Term and form of communication of the adopted technical accounting standards (IASs, US-GAAP). |
|
| Resolution 2 (1999) Deadline for presentation of Balance Sheet and Operating Sheet and Operating Statement. |
|
| Resolution 1 (1999) Custody and obligatory domiciliation of operational documents in Panama. |
|
Resolution 1998
| Resolution | Download |
|---|---|
| Resolution 2 (1998) Notification for Valid IASs |
|
| Resolution 1 (1998) Rate for Inspections |
|
Resolutions
Resolution 2012
| Resolution | Download |
|---|---|
| Resolution No. 38 (2012) To authorize Banco Universal, S.A. to move its bank branch located in the PH Time Square building on Calle 58, Obarrio, Panama City to its new bank branch located in suites 4 and 5 on the ground floor of the PH Universal 50 building, Panama City. |
|
| Resolution No. 27 (2012) To authorize Banco Delta, S.A. (BMF) to close its Loan center located in the Auto Planet Building on Avenida Ricardo J. Alfaro, Province of Panama as of 31 March 2012. |
|
| Resolution No. 10 (2012) To authorize BANESCO, S.A. to establish a Representative Office in Bogotá, Colombia |
|
| Resolution No. 01 (2012) To authorize the transfer of the 51% of the shares of BANCO COLPATRIA MULTIBANCA COLPATRIA, S.A. to THE BANK OF NOVA SCOTIA according to the terms established in the proposed transaction. |
|
Resolution 2011
| Resolution | Download |
|---|---|
| Resolution 181 (2011) To rescind S.B.P. Resolution No. 003-2006 whereby BNP PARIBAS WEALTH MANAGEMENT was granted a General License to engage in the banking business within or from the Republic of Panama |
|
| Resolution 172 (2011) To authorize Banco General to close its branch located on Avenida Domingo Díaz, city of David, Province of Chiriquí as of 21 January 2012 |
|
| Resolution 163 (2011) To authorize BANCO TRASATLÁNTICO, S.A. to complete the share purchase agreement by and between BANCO TRASATLÁNTICO, S.A. and VLADIMIR ANTONOV |
|
| Resolution 160 (2011) To authorize Banco Citibank (Panamá), S.A. to close as of 17 December 2011, its branch located on the Ground Floor of Hospital Punta Pacífica, Province of Panama. |
|
| Resolution 159 (2011) To authorize Banco Citibank (Panamá), S.A. to close as of 17 December 2011, eight (8) kiosks… |
|
| Resolution 156 (2011) To authorize BANCA PRIVADA D’ANDORRA, S.A. to start the Voluntary Liquidation process and close its operations within the Republic of Panama in accordance with the Liquidation Plan submitted to the Superintendency. |
|
| Resolution 155 (2011) To authorize BANCO PANAMÁ, S.A. to move its Headquarters located at Manuel María Icaza Avenue, Campo Alegre, Panama City to its new location at Torre Banco Panamá, Boulevard Avenue and La Rotonda, Costa del Este, Parque Lefevre Township, District of Panama |
|
| Resolution 154 (2011) To grant BANCA PRIVADA D’ANDORRA (PANAMÁ), S.A. an International Banking License to engage in the Banking Business from the Republic of Panama, as well as execute transactions to be concluded, consummated or have effect abroad and carry out any other activities the Superintendency may authorize |
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| Resolution 151 (2011) To grant FPB BANK, INC. a General License and to cancel and rescind the International License granted by S.B. Resolution No. 028-2005 dated 28 March 2005 |
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| Resolution 141 (2011) To authorize HSBC Bank (Panamá), S.A. to close, as of 15 October 2011, its Credit Card Customer Service Office located at Plaza Edison and Marbella |
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| Resolution 131 (2011) To grant ALLBANK CORP. a General Banking License to engage in the Banking Business within or from the Republic of Panama. |
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| Resolution 128 (2011) To authorize to Banco de Guayaquil (Panamá), S.A. to change its corporate name to BANISI, S.A. |
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| Resolution 126 (2011) To rescind the SBP Resolution Non. 25-1988 of 14 April 1988, whereby BANCO INTERNACIONAL DE COSTA RICA, S.A. (BICSA) was granted with an International License and to cancel said License. |
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| Resolution 125 (2011) To authorize to Banco Internacional del Perú, S.A.A. – Interbank an extensión to the term previously granted, up to 30 September 2012, to share temporarily its offices with INTELIGO BANK, LTD. |
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| Resolution 121 (2011) To authorize to Banco Universal, S.A. to move its branch located at Plaza Palermo |
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| Resolution 121 (2011) To authorize to Banco Universal, S.A. to move its branch located at Plaza Palermo |
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| Resolution 120 (2011) To authorize to the Bank of Nova Scotia (Scotiabank) to move its branch located at Pancanal Plaza |
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| Resolution 117 (2011) To authorize to HSBC Bank (Panamá), S.A. to close, starting on 24 September 2011, its branch located at Consultorios Médicos Paitilla, Ground Floor, city of Panama |
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| Resolution 116 (2011) To authorize to Banque Safdié, S.A to close its Representative Office located in the Republic of Panama. |
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| Resolution 093 (2011) To authorize to CREDICORP BANK, S.A. to close, on 28 November 2011, its branch located at Panama Oeste, Centro Comercial Super Xtra, Suites 5 and 6, District of Arraijan |
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| Resolution 091 (2011) To authorize to HSBC Bank (Panamá) to move its branch located at Avenida De Obaldía, Edificio Romero, Doleguita, to its new establishment located at Calle C Norte and ¾ Este, David. |
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| Resolution 080 (2011) To authorize to GTC Bank, Inc. to move its headquarters located at Office Park Building, suite No. 1, Mezzanine, city of Panama |
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| Resolution 077 (2011) To authorize to Banco Colpatria – Red Multibanca Colpatria, S.A. to change its corporate name to “Banco Colpatria – Multibancca Colpatria, S.A.” |
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| Resolution 076 (2011) To grant to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION a Representation License to establish, exclusively, a Representative Office in Panama |
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| Resolution 064 (2011) To authorize to HSBC Bank (Panamá), S.A. to move its branch located at Centro Comercial Plaza Carolina to its new establishment located at PH Brisas del Golf, Calle 30 Norte, city of Panama |
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| Resolution 063 (2011) To receive the resignation submitted by Mr. Thierry Gaston Doucet Sanche, with ID card No. E-8-89216, as Liquidator of BNP Paribas, Sucursal Panamá, effective on 1 July 2011. |
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| Resolution 061 (2011) Representation License application of JP Morgan Chase Bank, National Association |
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| Resolution 058 (2011) Voluntary Liquidation request submitted by Banco de Finanzas (Internacional), S.A. |
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| Resolution 023 (2011) To grant to BANCO FICOHSA (PANAMÁ), S.A. an International Banking License to manage, from an office established in Panama, transactions to be perfected, consummated or effective abroad… |
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| Resolution 022 (2011) To rescind Resolution No. S.B. 07 of 7 February 2002, whereby BANCO AGRÍCOLA (PANAMÁ), S.A. was granted with an International Liense to engage in the banking business from the Republic of Panama… |
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| Resolution 021 (2011) To authorize to Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) to move its Headquartes located at Calle 50 and Aquilino De La Guardia, to its new office located at Business Park II Bldg., |
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| Resolution 020 (2011) To authorize to Banco Nacional de Panamá to move its branch located at Calle Jose Varela Blanco, district of Pese, province of Herrera, to its new location at Avenida Nacional and Calle Eestudiante… |
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| Resolution 019 (2011) To authorize to Banco Panameño de la Vivienda, S.A. to close, from 31 March 2011, its branches located at: a) Arraijan, Centro Comercial Xtra de Arriajan… |
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| Resolution 015 (2011) To recognize the effects, for the appropriate merger integration between CAJA DE AHORROS DE GALICIA (CAIXA GALICIA) and CAIXA DE AFORROS DE VIGO, OURENSE Y PONTEVEDRA (CAIXANOVA)… |
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| Resolution 014 (2011) To authorize to Banco Panameño de la Vivienda, S.A. to close, since 31 March 2011, its branch located at Via España… |
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| Resolution 013 (2011) To authorize the merger by absorption between BANCO CITIBANK (PANAMÁ), S.A. and ADMINISTRADORA ANCÓN, S.A., FACTORING CUSCATLÁN, S.A., LEASING CUSCATLÁN… |
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| Resolution 012 (2011) To authorize to Banco Bilbao Vizcaya Argentaria (Panamá), S.A., to move, since 22 January 2011, its branch located at Avenida de Las Americas… |
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| Resolution 011 (2011) To authorize to HSBC BANK (PANAMÁ), S.A. to close, since 2 April 2011 its branches located at: a) Los Pueblos, Centro Comercial Los Pueblos 2000.... |
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| Resolution 009 (2011) To authorize to BANCO PANAMEÑO DE LA VIVIENDA, S.A. to move its Headquarters located at Edificio PH Grupo Mundial, Avenida Balboa and Calle 41 Este… |
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| Resolution 007 (2011) To authorize to Banco Latinoamericano de Comercio Exterior, S.A. (BLADEX) to open a representative office in Bogota, Colombia |
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| Resolution 006 (2011) To authorize to Caja de Ahorros to move its Headquarters located at Via España and Calle Manuel Espinoza, county of Bella Vista, city of Panama to its new location at Via España… |
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| Resolution 004 (2011) To grant to ALLBANK CORP., a Temporary Permit, for ninety (90) days, to formalize and file in the Public Registry the documents related to its organization, ... |
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| Resolution 002 (2011) To authorize to CITIBANK, N.A. and BANCO CITIBANK (PANAMÁ), S.A. to definitively share their offices and staff |
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| Resolution 001 (2011) To grant to BANCO FICOHSA (PANAMÁ), S.A. – under organization – a Temporary Permit, for ninety (90) days, to formalize and file in the Public Registry the documents related to its organization, … |
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Resolution 2010
| Resolution | Download |
|---|---|
| Resolution 270 (2010) To authorize the Merger by Absorption between UNI BANK & TRUST, INC. and UNI B & T DE PANAMÁ, S.A. whereby UNI BANK & TRUST, INC. is the surviving company. |
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| Resolution 250 (2010) To authorize the transfer of 100% of the shares of BAC INTERNATIONAL BANK, INC. according to the terms established in the proposed transaction, to LEASING BOGOTÁ S.A. PANAMÁ. |
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| Resolution 247 (2010) To authorize to MULTIBANK, INC. to acquire 30% of the shares of its filial MACROFINANCIERA, S.A. COMPAÑÍA DE FINANCIAMIENTO, with which it will be the wholly-owner of the corporation. |
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| Resolution 238 (2010) To authorize to Banco Panameño de la Vivienda, S.A. to close the branch it has at Avenida Juan Demostenes Arosemena, Penonome, Province of Cocle |
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| Resolution 230 (2010) To authorize to Banco Panameño de la Vivienda, S.A. to close its branch located at Terminal de Albrook, city of Panama |
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| Resolution 228 (2010) To authorize to BNP PARIBAS PANAMA BRANCH to share its offices located at Edificio Torre de las Americas, Tower A, 5th Floor, Punta Pacifica, City of Panama with BNP PARIBAS WEALTH MANAGEMENT... |
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| Resolution 227 (2010) To authorize to UNI BANK & TRUST, INC. to use the name “UNIBANK” as trade name. |
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| Resolution 222 (2010) By means of which all duties inherent to the position of Secretary were assigned to Mrs. Maria del Carmen Chang |
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| Resolution 219 (2010) We authorized BNP PARIBAS WEALTH MANAGEMENT to start the Voluntary Liquidation process and cease of operations in the Republic of Panama, according to the Liquidation Plan submitted to this Office. |
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| Resolution 218 (2010) We authorized the transfer of certain assets, liabilities and operations of BNP PARIBAS WEALTH MANAGEMENT to THE BANK OF NOVA SCOTIA (SCOTIABANK) and to THE BANK OF NOVA SCOTIA (PANAMÁ), S.A..... |
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| Resolution 216 (2010) By means of which Banco Nacional de Panamá was authorized to close from 30 October 2010 onwards the branch it has in Centro Comercial El Extra, district of Arraijan, Province of Panama |
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| Resolution 212 (2010) By means of which Caja de Ahorros was authorized to move its branch located in Avenida Tocumen, Centro Comercial Los Portales |
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| Resolution 207 (2010) To authorize to Metrobank, S.A. to move its branch located at Edificio Cofrisa, Suite 3-A. Calle-18, Avenida Santa Isabel, to its new banking establishment located at Edificio P.H. Interplaza... |
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| Resolution 206 (2010) To grant to SCOTIA INVESTMENTS PANAMA, S.A. a General Banking License to engage in the Banking Business in the Republic of Panama, as well as to perform transactions to be perfected... |
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| Resolution 205 (2010) By means of which Societé Generale was authorized to close its representative office in the Republic of Panama |
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| Resolution 201 (2010) By means of which Foreign Trade Bank of Latin America, S.A. (BLADEX) was authorized to open two (2) subsidiaries abroad. |
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| Resolution 196 (2010) By means of which Banesco, S.A. was authorized to open a Subsidiary in the Dominican Republic. Published on Official Gazette No. 26624 |
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| Resolution 193 (2010) By means of which MIBANCO, S.A. BMF was authorized to move its branch located at Calle B Norte, Edificio Don Jesús, Suite No. 2, David, Chiriqui... |
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| Resolution 179 (2010) Resolution whereby BLADEX is authorized to open a Representative Office in Lima, Peru. Published on Official Gazette 26616 of 8 September 2010. |
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| Resolution 174 (2010) Banco Bolivariano (Panamá), S.A. – Moving Headquarters to Torre Las Américas. Published on Official Gazette 26616 of 8 September 2010. |
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| Resolution 173 (2010) We received withdrawal to General Banking License submitted by Target Overseas, Inc. in favor of Banco Emprendedor, S.A. (BMF). Published on Official Gazette 26616 of 8 September 2010. |
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| Resolution 166 (2010) HSBC Bank (Panamá), S.A. Moving Multicentro branch. Published on Official Gazette of 8 September 2010. |
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| Resolution 163 (2010) We granted a General Banking License to UNI BANK & TRUST, INC., to engage in the Banking Business and perfection of transactions throughout the Republic of Panama. |
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| Resolution 162 (2010) We authorized to Banco Trasatlántico, S.A., to close, from 31 December 2010 onwards, their branch located in Galerías Marbella, Avenida 5 Sur and Calle 53, Marbella, city of Panama. |
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| Resolution 161 (2010) We authorized to HSBC BANK (PANAMÁ) S.A., to close from 11 September 2010 onwards, their branch located in Vía España and Aquilino De La Guardia,... |
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| Resolution 160 (2010) We authorized to BANCO PANAMEÑO DE LA VIVIENDA, S.A., to close from 17 July 2010 onwards, its Branch located in Union Fenosa, city of Las Tablas,.. |
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| Resolution 156 (2010) We authorized to BNP Paribas Sucursal Panamá the Voluntary Liquidation and cease of operations of the branch located in the Republic of Panama,... |
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| Resolution 155 (2010) To authorize to BAC International Bank, Inc., to move, in September 2010. Published on Official Gazette 26615 of 7 September 2010. |
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| Resolution 152 (2010) To authorize to Banco La Hipotecaria, S.A., to move its Loan Center located in Avenida F. Sur, David, Chiriqui to its new office located in Avenida 9 de Enero, Edificio Plaza Royal II. |
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| Resolution 148 (2010) To authorize to Multibank, Inc., to move from 28 June 2010 onwards, its branch located in Edificio Melo – Paseo Enrique Geenzier... |
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| Resolution 147 (2010) Temporary permit in favor of UNI BANK & TRUST, INC |
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| Resolution 143 (2010) To authorize to HSBC BANK (PANAMA), S.A., to move, temporarily, its branch located in Barnaby and Balboa Street, city of Panama,... |
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| Resolution 142 (2010) To authorize to Credicorp Bank, S. A., to move, from 24 June 2010 onwards, its branch located in Avenida De Obaldía and Calle C Norte, Edificio Fidanque, ... |
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| Resolution 140 (2010) To authorize to HSBC BANK (PANAMA), S. A., to move its branch located in Avenida Justo Arosemena and Calle 32 to its new location in Calle 32 and Avenida Mexico, starting on 12 July 2010. |
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| Resolution 127 (2010) We granted a General Banking License to BANCO LA HIPOTECARIA, S.A. to engage in the Banking Business in or from the Republic of Panama... |
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| Resolution 122 (2010) To authorize to Foreign Trade Bank of Latin America (BLADEX) to open a Representative Office in Porto Alegre, Brazil and Monterrey, Mexico. |
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| Resolution 121 (2010) To authorize to Foreign Trade Bank of Latin America (BLADEX) to open six (6) subsidiaries, as follows: four (4) subsidiaries in Cayman Island and two (2) subsidiaries in Brazil. |
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| Resolution 120 (2010) We granted to LA HIPOTECIARIA, S.A. a Temporary Permit, for ninety (90) days to formalize and file in the Public Registry all documents related to the amendment of its Articles of Incorporation... |
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| Resolution 112 (2010) We authorized to BANCO INTERNACIONAL DEL PERU, S.A.A. – INTERBANK to temporary share their offices with INTELIGO BANK, LTD. |
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| Resolution 106 (2010) We authorized to MIBANCO, S.A., to move its Headquarters offices, located in Paraíso, San Miguelito, to Centro Comercial Torremolinos, in Vía España. |
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| Resolution 102 (2010) To authorize to BANCO TRASATLÁNTICO, S. A., to close definitively, from 15 May 2010 its El Cruce Branch, located in Vía José Agustín Arango,... |
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| Resolution 92 (2010) To authorize to STANFORD BANK (PANAMÁ), S.A. to change its trade name to BALBOA BANK & TRUST, CORP. |
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| Resolution 91 (2010) To grant an International Banking License to BANCO INTERNACIONAL DE PERÚ, S.A.A. – INTERBANK to manage, from an office located in Panama,... |
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| Resolution 89 (2010) To authorize to BNP PARIBAS Sucursal Panamá to close, from 16 April 2010 onwards its offices to serve the public located in the ground floor of Edificio Torre de las Americas... |
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| Resolution 86 (2010) To authorize to BANCO CORFICOLOMBIANA (PANAMÁ), S.A. to move its Representative Office currently located in Cali, Colombia to Bogotá... |
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| Resolution 84 (2010) To authorize to HSBC BANK (PANAMÁ), S. A., to establish a Representative Office in the Bolivarian Republic of Venezuela. |
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| Resolution 81 (2010) Temporary permit granted to BANCO INTERNACIONAL DE PERÚ – INTERBANK |
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| Resolution 78 (2010) Whereby the Superintendency of Banks TERMINATES AND STOPS, since 1 April 2010, the Reorganization of STANFORD BANK (PANAMÁ), S.A.... |
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| Resolution 72 (2010) To authorize to BANCA PRIVADA D’ ANDORRA, S.A., to use the name “BANCA PRIVADA D’ ANDORRA (PANAMÁ)” as trade name. |
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| Resolution 70 (2010) To authorize to BAC INTERNATIONAL BANK INC. to acquire from CREDOMATIC DE PANAMÁ, S.A., the credit facilities portfolio granted by means of credit cards. |
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| Resolution 69 (2010) To rescind the Resolution S.B. No. 114-2004 of 8 March 2004, whereby ANDORRA BANC ANGRÍCOL REIG, S.A. was granted with a Representation License. |
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| Resolution 67 (2010) To authorize to ST. GEORGES BANK & COMPANY, INC. to close its Loan Centers located in Farmacias Metro... |
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| Resolution 65 (2010) To grant a General Banking License to BANCO LAFISE PANAMÁ, S. A. to engage in the Banking Business throughout the Republic of Panama and to perfect and consummate transaction.... |
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| Resolution 64 (2010) To authorize to BANCO PRIVAL, S. A. (in Spanish) – PRIVAL BANK, S. A. (in English) to use the words “PRIVAL” or “PRIVAL BANK”, indistinctly, as trade names. |
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| Resolution 53 (2010) BANCA PRIVADA D´ ANDORRA, S.A., by means of a Special Agent, has requested to change its Representative License for an International Banking License... |
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| Resolution 49 (2010) To authorize to Banco General, S.A., to close, from 18 March 2010, its branch located in Colon Free Zone... |
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| Resolution 48 (2010) To grant to BANCO PRIVAL, S.A. (in Spanish) – PRIVAL BANK, S.A. (in English) a General Banking License to engage in the Banking Business throughout the Republic of Panama |
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| Resolution 41 (2010) To extend the Reorganization period of Stanford Bank (Panamá), S.A. |
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| Resolution 38 (2010) To authorize to Banco de Crédito del Perú, to move, starting on 12 February 2010, its offices |
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| Resolution 37 (2010) To authorize to HSBC BANK (PANAMÁ) S.A., to close, from 3 April 2010, its branches in a) El Dorado, located in Altos del Chase, Avenida 17B Norte... |
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| Resolution 29 (2010) To authorize to MEGA INTERNATIONAL COMMERCIAL BANK CO. LTD., to move, from 8 February 2010, its offices located in Office No. 4, Calle 16, Santa Isabel, Colon Free Zone... |
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| Resolution 28 (2010) Authorization to sell STANFORD BANK’S shares. Published on Official Gazette No. 26476-B of 24 February 2010. |
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| Resolution 23 (2010) By means of which is left without effect the Resolution No. 107-74 of 6 November 1974, whereby BANESCO BANCO UNIVERSAL, C.A. was granted with a General Banking License |
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| Resolution 17 (2010) To authorize to ANDBANC (PANAMÁ), S.A., to use the Word “ANDBANC” as trade name. |
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| Resolution 15 (2010) To authorize to BANCO PANAMEÑO DE LA VIVIENDA, S.A. to close its Branches located inside the facilities of Union Fenosa, Avenida Perez, city of Chitre... |
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| Resolution 9 (2010) To grant a Temporary Permit of ninety (90) days to KEEN HOLDING, S.A. to formalize and file in the Public Registry the documents related to the amendment of their Articles of Incorporation.... |
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| Resolution 6 (2010) To grant to BANCO CITIBANK (PANAMÁ), S.A., an authorization up to 31 December 2010 for Mr. Marcelo Gorrini, current General Manager of CITIBANK, N.A.... |
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| Resolution 5 (2010) To authorize to BANCO PANAMEÑO DE LA VIVIENDA, S.A. to definitively close the Branch located inside the facilities of Union FENOSA in the city of Boquete, Province of Chiriqui. |
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| Resolution 2 (2010) To change the name of the Trust Company Stanford Bank to Balboa Bank & Trust Corp. |
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| Resolution 1 (2010) To authorize to BLUBANK LTD., to change its trade name to INTELIGO BANK LTD. |
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Mergers and Acquisitions
MERGERS, ACQUISITIONS, TRANSFER OF SHARES, TRANSFER OF OPERATIONS 2011
| MERGERS, ACQUISITIONS, TRANSFER OF SHARES, TRANSFER OF OPERATIONS 2011 | |
|---|---|
| 1. | By means of Resolution S.B.P. No. 270-2010 of 24 November 2010, this Office has granted an authorization to merge by absorption UNI BANK & TRUST, INC. and UNI B & T DE PANAMÁ, whereby UNI BANK & TRUST, INC. resulted as the surviving company. |
| 2. | By means of Resolution S.B.P. No. 250-2010 of 20 October 2010, we have authorized the transfer of shares from BAC INTERNATIONAL BANK INC. to LEASING BOGOTÁ, S.A. PANAMÁ according to the terms established in the proposal of this transaction. |
MERGERS, ACQUISITIONS, TRANSFER OF SHARES, TRANSFER OF OPERATIONS 2010
| MERGERS, ACQUISITIONS, TRANSFER OF SHARES, TRANSFER OF OPERATIONS 2010 | |
|---|---|
| 1. | By means of Resolution S.B.P. No. 028-2010 of 2 February 2010, STRATEGIC INVESTMENT GROUP INC. was authorized to acquire 100% of the shares of STANFORD BANK (PANAMÁ), S.A. –under Reorganization-, which currently are under control of STANFORD INTERNATIONAL HOLDINGS (PANAMÁ), S.A. |
MERGERS, ACQUISITIONS, TRANSFER OF SHARES, TRANSFER OF OPERATIONS 2009
| MERGERS, ACQUISITIONS, TRANSFER OF SHARES, TRANSFER OF OPERATIONS 2009 | |
|---|---|
| 1. | By means of Resolution S.B.P. No. 112-2009 of 28 April 2009, CITIBANK, N.A. and BANCO CITIBANK (PANAMÁ), S.A. were authorized for the indirect share holder of them, CITIGROUP, INC., to perform the exchange of common stock up to the amount of US$27.5 B of preferred stock and trust preferred securities at a conversion price of US$3.25 per share. |
| 2. | By means of Resolution S.B.P. No. 053-2009 of 12 February 2009, METROBANK, S.A. was authorized to assume, through a Merger Agreement, all assets and liabilities of FINANCIERA RAPID CASH, S.A., CORPORACIÓN UNIVERSAL DE CRÉDITO, S.A. and FIRST UNION CORPORATION, whose do not longer exist as provided in the Agreement. |
| 3. | By means of Resolution S.B.P. No. 243-2009 of 27 October 2009, CAPITAL BANK, INC. was authorized to acquire the one-hundred percent (100%) of shares of BANCOLAT OVERSEAS LTD., owned by MTS HOLDINGS CORPORATION. |
MERGERS, ACQUISITIONS, TRANSFER OF SHARES, TRANSFER OF OPERATIONS 2008
| MERGERS, ACQUISITIONS, TRANSFER OF SHARES, TRANSFER OF OPERATIONS 2008 | |
|---|---|
| 1. | By means of Resolution S.B.P. No. 019-2008 of 18 January 2008, GTC BANK INC. and BANEX INTERNATIONAL BANK CORP., were authorized to an absorption, whereby GTC BANK INC. is the surviving company |
| 2. | By means of Resolution S.B.P. No. 031-2008 of 29 January 2008, GLOBAL BANK CORPORATION, INC., LEESPORT FINANCE, INC., DRAMEN INTERNATIONAL, INC., DONTOBAY HOLDING, INC., and DRABOX INTERNATIONAL, S.A., were authorized to a merger by absorption, whereby GLOBAL BANK CORPORATION, INC. is the surviving company. |
| 3. | By means of Resolution S.B.P. No. 035-2008 of 31 January 2008, BANCO GENERAL, S.A. was authorized to assume, by means of a Merger Agreement dated 17 December 2007, all assets, estate, rights, privileges, powers and franchises, as well as liabilities and obligations of INVERSIONES FAR WEST, S.A. which will no longer exist as agreed. |
| 4. | By means of Resolution S.B.P. No. 067-2008 of 3 March 2008, BANCO UNO, S.A. and BANCO CUSCATLÁN DE PANAMÁ, S.A. were granted with an extension until 4 June 2008 to formalize and file in the Public Registry their Merger Agreement. |
| 5. | By means of Resolution S.B.P. No. 079-2008 of 19 March 2008, BANCO AGRÍCOLA (PANAMÁ), S.A. was authorized to transfer certain assets and liabilities to BANCOLOMBIA (PANAMÁ), S.A. to, once that process is concluded, apply for the voluntary liquidation of BANCO AGRÍCOLA (PANAMÁ), S.A. |
| 6. | By means of Resolution S.B.P. No. 093-2008 of 31 March 2008, GRUPO CUSCATLÁN PANAMÁ, S.A. was authorized to totally transfer shares and shares outstanding it holds of BANCO CUSCATLÁN DE PANAMÁ, S.A. to CITIBANK OVERSEAS INVESTMENT CORPORATION. |
| 7. | By means of Resolution S.B.P. No. 244-2008 of 26 September 2008, this Office resolved to leave without effect the Resolution S.B.P. No. 180-2007 of 16 November 2007, whereby HSBC ASIA PACIFIC HOLDINGS (UK) LIMITED was authorized to acquire at least 51.01% of stock capital and outstanding stock capital and issued capital that LSF KEB HOLDINGS SCA holds in KOREA EXCHANGE BANK LTD. |
| 8. | By means of Resolution S.B.P. No. 140-2008 of 29 May 2008, BANCO UNO, S.A. and BANCO CUSCATLÁN DE PANAMÁ, S.A. were granted with an extension until 4 September 2008 to formalize and file in the Public Registry their Absorption Agreement. Also, in this Resolution they were granted with an extension until 6 December 2008 to complete all pertinent acts to formalize the absorption from the legal, administrative and operating point of view, in which BANCO CUSCATLÁN DE PANAMÁ, S.A. is the surviving company. |
| 9. | By means of Resolution S.B.P. No. 210-2008 of 29 August 2008, BANCO UNO, S.A. and BANCO CUSCATLÁN DE PANAMÁ, S.A. were granted with an extension until 4 December 2008 to formalize and file in the Public Registry their Absorption Agreement. |
| 10. | By means of Resolution S.B.P. No. 166-2008 of 30 June 2008, BANCO PANAMÁ, S.A. and SERVICIOS CENTENARIOS DE PANAMÁ, S.A. were authorized to merge by means of a Merger Agreement dated 23 May 2008, as a result BANCO PANAMÁ, S.A. is the surviving company. |
| 11. | By means of Resolution S.B.P. No. 199-2008 of 13 August 2008, the merger between HSBC BANK (PANAMÁ), S.A. and PRIMER BANCO DEL ISTMO, S.A. was authorized by means of a Merger Agreement, and as a result of this the former will absorb the latter. By means of Resolution S.B.P. No. 278-2008 of 28 October 2008, this Office granted an extension until to 28 February 2009 to PRIMER BANCO DEL ISTMO, S.A. and HSBC BANK (PANAMÁ), S.A. to complete all pertinent acts to formalize the merger from the legal, administrative and operating point of view, as well as to formalize and file in the Public Registry the Merger Agreement. |
MERGERS, ACQUISITIONS, TRANSFER OF SHARES, TRANSFER OF OPERATIONS 2007
| MERGERS, ACQUISITIONS, TRANSFER OF SHARES, TRANSFER OF OPERATIONS 2007 | |
|---|---|
| 1. | Through S.B.P. Resolution No. 011-2007 of February 15, 2007, CITIBANK OVERSEAS INVESTMENT CORPORATION was authorized to acquire all the issued and circulating stocks of GRUPO FINANCIERO UNO, S.A. and BANCO UNO, S.A. |
| 2. | Through S.B.P. Resolution No. 012-2007 of February 15, 2007, BANCO PANAMEÑO DE LA VIVIENDA, S.A. was authorized to acquire fifty one percent (51%) of the issued and circulating stocks of the company GIROS & FINANZAS COMPAÑÍA DE FINANCIAMIENTO COMERCIAL, S.A. |
| 3. | Through S.B.P. Resolution No. 026 of March 19, 2007, the transfer of all issued and circulating stocks of BANCO GENERAL, S.A. in favor of BG HOLDINGS, INC. was authorized. |
| 4. | Through S.B.P. Resolution No. 031-2007 of March 23, 2007, the Merger by Absorption of HSBC BANK (PANAMA), S.A. and GRUPO BANISTMO, S.A. was authorized, the former remaining as the surviving corporation. |
| 5. | Through S.B.P. Resolution No. 033-2007 of March 27, 2007, BANCOLOMBIA (PANAMA), S.A. was authorized to acquire up to 100% of common and circulating stocks of BANAGRICOLA, S.A. |
| 6. | Through S.B.P. Resolution No. 037-2007 of April 11, 2007, BANCO DAVIVIENDA, S.A. was authorized to acquire up to 99% of issued and circulating stocks of GRANBANCO, S.A. |
| 7. | Through S.B.P. Resolution No. 042-2007 of April 23, 2007, CITIBANK INVESTMENT CORPORATION was authorized to acquire all the issued and circulating stocks of GRUPO CUSCATLAN PANAMA, S.A. |
| 8. | Through S.B.P. Resolution No. 055-2007 of May 8, 2007, CREDOMATIC INTERNATIONAL CORPORATION was authorized to acquire 99.90838% of the corporate capital of BANCO MERCANTIL, S.A. (BAMER), as well as 99.99% of the corporate capital of CASA DE VALORES MERCANTIL DE VALORES S.A. (MERVALORES), which form part of GRUPO FINANCIERO BAMER. |
| 9. | Through S.B.P. Resolution No. 062-2007 of May 21, 2007, ST. GEORGES BANK & COMPANY, INC. was authorized to absorb through a Merger by Absorption Agreement, all goods, assets, commitments and liabilities, whatever their kind, nature or description, whether existing or contingent, and the paid capital, reserves, retained earnings and any other goods of PROAMERICA, S.A., who will be dissolved as a legal person. |
| 10. | Through S.B.P. Resolution No. 074-2007 of May 31, 2007, MULTI CREDIT BANK, INC. was authorized to acquire up to 70% of issued and circulating stocks of MACROFINANCIERA, S.A., COMPAÑÍA DE FINANCIAMIENTO COMERCIAL. |
| 11. | Through S.B.P. Resolution No. 077-2007 of June 5, 2007, BANCO CONTINENTAL DE PANAMA, S.A. was authorized to take through a Merger Agreement dated April 27, 2007, all assets, goods, rights, privileges, faculties and franchises, as well as all liabilities and commitments of BANCO ALEMAN PLATINA, S.A., CARCLE, S.A., DOTHAN FINANCE, INC. and TRI-MOON INVESTMENTS, INC., who will be dissolved as legal persons. |
| 12. | Through S.B.P. Resolution No. 080-2007 of June 12, 2007, GE EMERALD, INC. was authorized to acquire up to 100% of issued and circulating stocks of BANCO COLPATRIA-RED MULTIBANCA COLPATRIA, S.A. |
| 13. | Through S.B.P. Resolution No. 088-2007 of June 15, 2007, BANCOLOMBIA (PANAMA), S.A. was authorized to acquire up to 100% of issued and circulating stocks of BIENES Y SERVICIOS, S.A. |
| 14. | Through S.B.P. Resolution No. 089-2007 of June 15, 2007, CORPORACIÓN TENEDORA BAC SAN JOSÉ SOCIEDAD ANÓNIMA was authorized to acquire up to 100% of issued and circulating stocks of CORPORACIÓN FINANCIERA MIRAVALLES, SOCIEDAD ANÓNIMA and of RECAUDADORA COSTA RICA, S.A. (RECSA). |
| 15. | Through S.B.P. Resolution No. 102-2007 of July 13, 2007, BANCOLOMBIA (PANAMA), S.A. was authorized to take by Merger Agreement, all assets, goods, rights, privileges, faculties and franchises, as well as all liabilities and commitments of SULEASING INTERNACIONAL, S.A., who will be dissolved as a legal person. |
| 16. | Through S.B.P. Resolution No. 114-2007 of August 8, 2007, the merger by absorption was authorized for CORPORACIÓN FINANCIERA MIRAVALLES, S.A., RECAUDADORA COSTA RICA, S.A. (RECSA) and BANCO BAC SAN JOSÉ, S.A., the latter remaining as the surviving corporation. |
| 17. | Through S.B.P. Resolution No. 128-2007 of September 5, 2007, the Merger by Absorption Agreement was authorized for BANCO GENERAL, S.A. and BANCO CONTINENTAL DE PANAMA, S.A., the former remaining as the surviving corporation. |
| 18. | Through S.B.P. Resolution No. 141-2007 of September 18, 2007, we authorized the merger by absorption of BANCO DAVIVIENDA, S.A. and GRANBANCO, S.A., the former remaining as the surviving corporation. |
| 19. | Through S.B.P. Resolution No. 144-2007 of September 21, 2007, we authorized INTERIM INVESTMENT, INC. to acquire 25.92% of the corporate capital of BANCO DE FINANZAS (INTERNACIONAL), S.A. |
| 20. | Through S.B.P. Resolution No. 145-2007 of September 24, 2007, we authorized (i) the acquisition of 99.9447% of paid capital stocks of BANCO DE EXPORTACIÓN, S.A. in favor of CORPORACIÓN G&T CONTINENTAL, S.A., and (ii) the merger by absorption of BANCO DE EXPORTACIÓN, S.A. and BANCO G&T CONTINENTAL, S.A., the latter remaining as the surviving corporation. |
| 21. | Through S.B.P. Resolution No. 151-2007 of September 28, 2007, we authorized VLADIMIR ANTONOV to acquire at least 70% of issued and circulating stocks of BANCO TRASATLÁNTICO, S.A., currently with power over the corporation Pumpkin International, Inc. |
| 22. | By means of Resolution S.B.P. No. 175-2007 of 13 November 2007, BANCO DE CRÉDITO HELM FINANCIAL SERVICES (PANAMÁ), S.A. was authorized to acquire 5.9999% of issued and outstanding shares of LEASING DE CRÉDITO, S.A |
| 23. | By means of Resolution S.B.P. No. 180-2007 of 16 November 2007, HSBC ASIA PACIFIC HOLDINGS (UK) LIMITED was authorized to acquire at least 51.02% of issued and outstanding stock capital that LFS KEB HOLDINGS SCA have in KOREA EXCHANGE BANK, LTD. |
| 24. | By means of Resolution S.B.P. No. 191-2007 of 4 December 2007, was authorized the merger by absorption agreement between BANCO UNO, S.A. and BANCO CUSCATLÁN DE PANAMÁ, S.A., whereby the latter remains as surviving company. |
| 25. | By means of Resolution S.B.P. No. 219-2007 of 28 December 2007, was authorized the transfer of all current issued and outstanding common shares of MULTI CREDIT BANK, INC. in favor of MULTI FINANCIAL GROUP, INC. |
| 26. | By means of Resolution S.B.P. No. 220-2007 of 28 December 2007, was authorized the merger by absorption between BANCO DE AMÉRICA CENTRAL HONDURAS, S.A. and BANCO MERCANTIL, S.A., whereby the latter remains as surviving company. |
MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2006
| MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2006 | |
|---|---|
| 1. | We authorized BNP PARIBAS, PANAMA BRANCH to transfer certain assets and liabilities to BNP PARIBAS PRIVATE BANK, PANAMA BRANCH, pursuant to the details submitted to the Superintendency of Banks. S.B.P. Resolution No. 004-2006 of January 18, 2006. Official Gazette No. 25,490 of February 21, 2006. |
| 2. | We authorized the transfer of all shares of HSBC BANK (PANAMA), S.A. property of GRUPO FINANCIERO HSBC S.A. DE C.V. to HSBC ASIA HOLDINGS B.V. S.B.P. Resolution No. 080-2006 of August 14, 2006. |
| 3. | We authorized the merger by absorption abroad between THE INTERNATIONAL COMMERCIAL BANK OF CHINA (absorbing corporation) and CHIAO TUNG BANK (absorbed corporation). S.B.P. Resolution No. 087-2006 of August 23, 2006. |
| 4. | We authorized the acquisition and transfer of all issued and circulating shares of ATLANTICO HOLDINGS FINANCIAL LIMITED, holder of all issued and circulating shares of BANCO ATLANTICO (PANAMA), S.A. in favor of BANCO CONTINENTAL DE PANAMA, S.A. S.B.P. Resolution No. 093-2006 of September 11, 2006. |
| 5. | We authorized the acquisition and transfer of control of the shares of GRUPO BANISTMO, S.A., holder of the majority of common, issued and circulating shares of PRIMER BANCO DEL ISTMO, S.A., to HSBC ASIA HOLDINGS B.V. S.B.P. Resolution No. 094-2006 of September 11, 2006. |
| 6. | We authorized the merger by absorption of BANCO ATLANTICO (PANAMA), S.A. and BANCO CONTINENTAL DE PANAMA, S.A., leaving BANCO CONTINENTAL DE PANAMA, S.A. as the surviving corporation of this merger by absorption. S.B.P. Resolution No. 117-2006 of November 13, 2006. |
MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2005
| MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2005 | |
|---|---|
| 1. | We authorized BANKBOSTON, N.A. to yield and transfer to BANCO GENERAL, S.A., certain assets related to the banking business of BANKBOSTON, N.A., and at the same time BANCO GENERAL, S.A. will assume certain liabilities of BANKBOSTON, N.A. related to the banking business. We authorized BANCO GENERAL, S.A., to acquire part of BOSTON OVERSEAS FINANCIAL CORPORATION, all the issued and circulating shares of BOSTON INVESTMENTS SECURITIES INC.’s corporate capital. S.B. Resolution No. 09-2005 of January 21, 2005. |
| 2. | We authorized BANCO CONTINENTAL DE PANAMÁ, S.A. to Merge by Absorption under the so-called “Merger Agreement”, pursuant to which BANCO CONTINENTAL DE PANAMÁ, S.A. absorbs NAKA INVESTMENT CORPORATION, assuming all its assets, liabilities and equity. S.B. Resolution No. 17-2005 of February 28, 2005. |
| 3. | We authorized the Merger Agreement between CREDICORP BANK, S.A., CREDICORP FINANCIAL, INC. and FINANCIERA LA SUERTE, S.A., by virtue whereof the latter two are merged into a single surviving corporation, CREDICORP BANK, S.A. S.B. Resolution No. 061-2005 of June 23, 2005. Official Gazette No. 25,341 of July 13, 2005. |
| 4. | We authorized the transfer of assets, liabilities and investments of BANCO DE PICHINCHA LIMITED – NASSAU, subsidiary of BANCO DEL PICHINCHA C.A. towards BANCO DEL PICHINCHA LIMITED PANAMÁ, S.A., which belongs to the same Economic Group, according to the Plan submitted to this Superintendency of Banks. S.B. Resolution No. 067-2005 of July 18, 2005. Official Gazette No. 25,358 of August 05, 2005. |
| 5. | We authorized the merger by absorption of BANCO ATLÁNTICO (PANAMA), S.A., ATLÁNTICO LEASING, S.A. and ATLÁNTICO SERVICIOS, S.A., leaving BANCO ATLÁNTICO (PANAMA), S.A. as the surviving corporation of this merger by absorption. S.B. Resolution No. 075-2005 of July 18, 2005. Official Gazette No. 25,365 of August 18, 2005. |
| 6. | We authorized BAC CREDOMATIC HOLDING CO. LTD. and VINTAGE PROPERTIES LIMITED to be sold to GE CONSUMER FINANCE CENTRAL HOLDINGS CORP. (GECF) up to 49.99% of their shares, which represents 49.99% of the corporate capital of a corporation that will be established in BVI and that will be named BAC CREDOMATIC GECF INC. S.B. Resolution No. 076-2005 of July 18, 2005. Official Gazette No. 25,358 of August 05, 2005. |
| 7. | We authorized the Merger Agreement between BANCO INTERNACIONAL DE COSTA RICA, S.A. and BICSA CORPORACIÓN FINANCIERA, S.A., by virtue whereof both corporations will be merged into a single surviving corporation, BANCO INTERNACIONAL DE COSTA RICA, S.A. S.B. Resolution No. 079-2005 of August 16, 2005. Official Gazette No. 25,372 of August 26, 2005. |
| 8. | We authorized BANCO UNO, S.A. (Panama) to acquire 1,453,418 shares, which represent 90.27% of issued and circulating shares of BANCO UNO, SOCIEDAD ANÓNIMA, and 1,363,600 shares, which represent 90.9% of issued and circulating shares of AVAL-CARD, SOCIEDAD ANÓNIMA, both Nicaraguan corporations. S.B. Resolution No. 081-2005 of August 26, 2005. Official Gazette No. 25,385 of September 14, 2005. |
| 9. | We authorized the merger by absorption of BANCO GENERAL, S.A. with GENERAL INVESTMENT SECURITIES, INC., where BANCO GENERAL, S.A. will be the absorbing corporation and GENERAL INVESTMENT SECURITIES, INC. will be the absorbed corporation. S.B. Resolution No. 089-2005 of September 15, 2005. Official Gazette No. 25,392 of September 23, 2005. |
| 10. | We authorized the merger by absorption of GRUPO MUNDIAL INVERSIONISTA, S.A. and GRUPO MUNDIAL TENEDORA, S.A., leaving the latter as the surviving corporation of this merger by absorption and therefore, holder of all issued and circulating shares of BANCO PANAMEÑO DE LA VIVIENDA, S.A. S.B. Resolution No. 101-2005 of October 28, 2005. Official Gazette No. 25,435 of November 30, 2005. |
| 11. | We authorized GNB SUDAMERIS BANK, S.A. to acquire up to 50% of the issued and circulating shares of STARMITES CORPORATION, N.V., who owns 100% of the issued and circulating shares of GILEX HOLDING, B.V., who owns 94.7287% of the issued and circulating shares of the financial entity denominated BANCO GNB SUDAMERIS, S.A. S.B. Resolution No. 107-2005 of November 22, 2005. Official Gazette No. 25,441 of December 9, 2005. |
| 12. | We authorized BANCO PANAMEÑO DE LA VIVIENDA, S.A. to acquire 51% of the issued and circulating shares of GRUPO COLFINANZAS, S.A., who owns 100% of the issued and circulating shares of COLFINANZAS, S.A. S.B. Resolution No. 110-2005 of November 24, 2005. Official Gazette No. 25,450 of December 22, 2005. |
| 13. | We authorized GTC BANK, INC. to acquire 199,960 shares of FINANCIERA G&T CONTINENTAL, S.A. S.B. Resolution No. 121-2005 of December 23, 2005. Official Gazette No. 25,471 of January 25, 2006. |
MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2004
| MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2004 | |
|---|---|
| 1. | We authorized the transfer of 100% of issued and circulating shares with the right to vote of Wall Street Securities Group, S.A. in favor of Banco Continental de Panamá, S.A. S.B. Resolution No. 112-2004 of March 2, 2004. |
| 2. | We authorized Stanford Bank Holdings Limited the transfer of all issued and circulating shares of Stanford International Bank (Panama), S.A., in favor of Stanford International Holdings (Panama), S.A. S.B. Resolution No. 113-2004 of March 9, 2004. |
| 3. | We authorized the abroad merger of FleetBoston Financial Corporation and Bank of America Corporation. S.B. Resolution No. 118-2004 of March 15, 2004. |
| 4. | We authorized Banco Aliado, S.A., Inmuebles y Proyectos, S.A. and Promotora M.T.I., S.A. to merge under the so-called “Merger by Absorption Agreement”, whereby Banco Aliado, S.A. assumed all assets, liabilities and equity of Inmuebles y Proyectos, S.A. and Promotora M.T.I., S.A. and as a consequence, Banco Aliado, S.A. survives the Merger. S.B. Resolution No. 132-2004 of April 26, 2004. |
| 5. | We authorized the merging of Banco Panamericano, S.A., Ancon Holding Panama, S.A. and Banco Cuscatlán de Panamá, S.A., from which the corporation Banco Cuscatlán de Panamá, S.A. will survive. S.B. Resolution No. 143-2004 of April 29, 2004. |
| 6. | We authorized Banque Sudameris, S.A. to yield and transfer to GNB Bank (Panama) S.A., certain assets related to the private banking business and, at the same time, GNB Bank (Panama) S.A. to assume certain liabilities of Banque Sudameris, S.A. , also related to the private banking business; pursuant to the Agreement submitted to the Superintendency of Banks. S.B. Resolution No. 146-2004 of May 10, 2004. |
| 7. | We authorized Banco Continental de Panamá, S.A., Wall Street Securities Group, S.A. and Wall Street Bank, S.A., to Merge by Absorption under the so-called “Merger Agreement”, whereby the former absorbed the remaining corporations, assuming all their assets, liabilities and equity. S.B. Resolution No. 190-2004 of July 19, 2004. |
| 8. | We authorized the transfer of the stocks of International Union Bank, S.A.from Inverunión, S.A., Casa de Bolsa; C.A. Arrendadora Unión; and Inversiones Whizard Uno, C.A. in favor of Romana Corporation, C.V. S.B. Resolution No. 196-2004 of July 22, 2004. |
| 9. | Through S.B. Resolution No. 207-2004 of August 20, 2004, the Superintendent of Banks took notice without objections and ordered the corresponding registration in the Superintendency of Banks of the abroad merger by absorption of Unibanca, Banco Universal, C.A.; Banco Hipotecario Unido, C.A.; Banco de Inversión Unión, C.A.; C.A. Arrendadora Unión; Sociedad de Arrendamiento Financiero, and Fondo Unión, C.A. by Banesco, Banco Universal, S.A. |
| 10. | Through S.B. Resolution No. 212 of September 13, 2004, the Superintendent of Banks authorized Primer Banco del Istmo, S.A. to acquire the issued and circulating shares of Lloyds TSB Bank, S.A. and of Lloyds Trust, S.A., financial entities which exist and were organized according to Colombian laws. |
| 11. | Through S.B. Resolution No. 219 of October 19, 2004, the Superintendent of Banks authorized Primer Banco del Istmo, S.A. to acquire up to thirty five percent (35%) of all issued and circulating shares of Banco de Comercio de El Salvador, financial entity which was organized according to the laws of El Salvador. |
| 12. | Through S.B. Resolution No. 220 of October 20, 2004, the Superintendent of Banks authorized HSBC Bank (Panama) S.A., Panama Realty Investment, S.A. and Overseas Realty Corporation of Panama, to merge under the so-called “Merger Agreement”, whereby the former absorbed the remaining corporations. |
| 13. | Through S.B. Resolution No. 217 of October 21, 2004, the Superintendent of Banks authorized the abroad merger by absorption of Banco Sabadell, S.A. (absorbing corporation) and Banco Atlántico, S.A. (absorbed corporation). |
| 14. | Through S.B. Resolution No. 221 of October 21, 2004, the Superintendent authorized Banco de Finanzas (International), S.A. to transfer six hundred thirty thousand shares (630,000) which equal twenty one percent (21%) of their stock capital, in favor of GRUPO ASSA, S.A., both being corporations which exist and were organized according to Panamanian laws. |
MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2003
| MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2003 | |
|---|---|
| 1. | We authorized Primer Banco del Istmo, S.A. , Bienes Raíces Portobello, S.A., Inmobiliaria de América Latina, S.A., and Bienes y Valores Monterrey, S.A. to merge under the so-called “Merger by absorption Agreement”, whereby the resulting entity was Primer Banco del Istmo, S.A., absorbing Bienes Raíces Portobello, S.A., Inmobiliaria de América Latina, S.A. and Bienes y Valores Monterrey, S.A., assuming all their assets, liabilities and equity. S.B. Resolution No. 142-2003 of September 23, 2003. |
| 2. | We authorized the merger by absorption of Primer Banco del Istmo, S.A. and Banco Mercantil del Istmo, S.A. under the so-called “Merger Agreement” submitted, whereby the former absorbed the latter. S.B. Resolution No. 152-2003 of October 30, 2003. |
| 3. | We authorized the transfer of all shares of the subsidiaries, liabilities and equity of Banco Internacional de Costa Rica, LTD. in favor of Bicsa Corporación Financiera, S.A., which includes all shares of Banco Internacional de Costa Rica, S.A. Resolution 07-2003 of January 30, 2003. |
| 4. | We authorized the transfer of all issued and circulating shares of Banco Agrícola (Panama), S.A. in favor of Banagricola, S.A. S.B. Resolution No. 35-2003 of April 16, 2003. |
| 5. | We authorized Global Bank Corporation to acquire all issued and circulating shares of Bancolat Overseas Limited, banking entity constituted under the laws of Monserrat, British West Indies, property of Primer Banco del Istmo. Resolution 65-2003 of June 9, 2003. |
| 6. | We authorized Banco Atlántico (Panama) S.A. to acquire as a purchase, 51% of the shares that Atlántico Holdings Financial, Ltd. maintains in Banco Atlántico (Bahamas) Bank & Trust Ltd. S.B. Resolution No. 107-2003 of September 1, 2003. |
| 7. | We authorized the exchange of issued and circulating shares of CTB Financial Holding Company and The International Commercial Bank of China. S.B. Resolution No. 109-2003 of September 11, 2003. |
| 8. | We authorized LSF-KEB Holdings, SCA to acquire 51% of Korea Exchange Bank’s shares. S.B. Resolution No. 150-2003 of October 17, 2003. |
| 9. | We authorized Banco Uno, S.A. to acquire 100% of the shares of Uno GFU Financial Group S.A., which owns 99.99% of the shares of Banco Uno, S.A. (Costa Rica).. S.B. Resolution No. 241-2003 of December 4, 2003. |
| 10. | We authorized Bac International Bank, Inc. to acquire 95% of the shares Bac International Bank (Grand Cayman) owns in Credomatic International Corporation. S.B. Resolution No. 332-2003 of December 17, 2003. |
MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2002
| MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2002 | |
|---|---|
| 1. | We authorized Grupo Continental, S.A. and Bipan Holding Corp. to merge under the so-called “Merger Agreement”, whereby the former entity absorbed the latter. Resolution 9-2002 of February 18, 2002. |
| 2. | We authorized Primer Banco del Istmo, S.A. and Inversiones Latinoamericanas, S.A. to merge under the so-called “Merger Agreement”, whereby the former absorbed the latter, assuming all its assets, liabilities and equity. Resolution 30-2002 of May 17, 2002 |
| 3. | We authorized Banco Internacional de Costa Rica, S.A. the transfer of 25% of its shares, which were property of Grupo Financiero Bicsa, S.A. in favor of Banco Internacional de Costa Rica, Ltd. Resolution 36-2002 of June 10, 2002. |
| 4. | We authorized Banco Continental de Panamá, S.A. and Banco Internacional de Panamá, S.A. to merge under the so-called “Merger Agreement”, whereby the former absorbed the latter, assuming all its assets, liabilities and equity. Resolution 42-2002 of July 8, 2002. |
| 5. | We authorized Grupo Financiero Continental, S.A. to acquire all shares of Banco Alemán Platina, S.A., whose holder is Platina Finanz Ag. Resolution 45-2002 of July 22, 2002. |
| 6. | We authorized Primer Banco del Istmo, S.A. and Banco de Latinoamerica, S.A., to merge under the so-called “Merger Agreement”, whereby the former absorbed the latter, assuming all its assets, liabilities and equity. Resolution 59-2002 of September 9, 2002. |
| 7. | We authorized Banco Continental, S.A. to acquire all shares of Banco Alemán Platina, S.A.; whose holder is Grupo Financiero Continental, S.A. Resolution 62-2002 of September 2, 2002. |
| 8. | We authorized Banco de Préstamos (Panama), S.A. to transfer its assets, liabilities, contingency funds, equity accounts, order and results accounts to Banco de Préstamos, S.A. (Ecuador). Resolution 88-2002 of November 8, 2002. |
| 9. | We authorized BCT BANK INTERNATIONAL, S.A. and BANCO BCT (PANAMA), S.A. to merge under the so-called “Merger Agreement”, whereby the former absorbed the latter, assuming all its assets, liabilities and equity. Resolution 103-02 of December 13, 2002. |
| 10. | We authorized Discount Bank and Union Bancaire Privee to merge under the so-called “Merger Agreement”. Resolution 106-2002. |
| 11. | We authorized BCT BANK INTERNATIONAL, S.A. and BANCO BCT (PANAMÁ), S.A. to merge under the so-called “Merger Agreement”, whereby the former absorbed the latter, assuming all its assets, liabilities and equity. Resolution 103-02 of 13 December 2002. |
| 12. | We authorized CORPORACIÓN BANEX, S.A. to acquire all shares of GRUPO BANCRECEN, S.A.’s subsidiaries, as follows: BANCO BANCRECEN, S.A., BANCRECEN VALORES, S.A. and BANCRECEN SEGUROS, S.A. S.B. Resolution No. 104-2002 of 16 December 2002. |
| 13. | We authorized Discount Bank and Union Bancaire Privee to merge under the so-called “Merger Agreement”. Resolution 106-2002. |
| 14. | We authorized the wholly-owned subsidiary BANCO DE AMÉRICA CENTRAL, S.A., owned by BAC INTERNATIONAL BANK, INC. to acquire 100% of shares of FINANCIERA DELTA, S.A. in Nicaragua. S.B. Resolution No 107-2002 of 20 December 2002. |
MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2001
| MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2001 | |
|---|---|
| 1. | We authorized Banco Continental de Panamá, S.A. to acquire all shares of Norfolk and Hampton Bank. Resolution 30-2001 of July 16, 2001. |
| 2. | We authorized the transfer of Dresdner Bank AG’s shares in favor of Allianz BankBeteilung GmbH, whereby Allianz AG acquired control of Dresdner Bank AG. Resolution 32-2001 of June 28, 2001. |
| 3. | We authorized the transfer of the assets and liabilities of ABN AMRO Bank, N.V. (Panama) and Banco Mercantil del Istmo, S.A. Resolution 38-2001. |
| 4. | We authorized the merger by absorption of Primer Banco del Istmo, S.A. and Primer Banco de Ahorros, S.A., under the so-called “Merger Agreement”, whereby the former absorbed the latter, assuming all its assets, liabilities and equity. Resolution 58-2001 of September 19, 2001. |
| 5. | We authorized Popular Bank & Trust, LTD. to acquire all shares of Popular Bank Cayman Limited. Resolution 72-2001 of November 9, 2001. |
| 6. | We authorized Banco Continental de Panamá, S.A. and Financial Holding Company, S.A., to merge under the so-called “Merger Agreement”, whereby the former absorbed the latter, assuming all its assets, liabilities and equity. Resolution 79-2001 of December 7, 2001. |
| 7. | We authorized Grupo Financiero Continental, S.A. and Empresas Financieras Continental, S.A. to merge under the so-called “Merger Agreement”, whereby the former absorbed the latter, assuming all its assets, liabilities and equity. Resolution 80-2001 of December 7, 2001 |
| 8. | We authorized Bancrédito (Panama), S.A. to acquire all shares of Bancredit Cayman Limited, currently an absolute property subsidiary of GFN International Investment, Corp. Resolution 81-2001 of December 12, 2001. |
MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2000
| MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 2000 | |
|---|---|
| 1. | Block transfer or universal transfer of assets, liabilities and operations of BANCO CENTRAL HISPANOAMERICANO S.A. to the BANCO SANTANDER CENTRAL HISPANO S.A. branch in Panama. S.B. Resolution No. 11-2000 of February 11, 2,000. |
| 2. | Abroad merger of BANKBOSTON, N.A. and FLEET NATIONAL BANK. S.B. Resolution No. 14-2000 of February 23, 2,000. |
| 3. | Merger by absorption of BANCO BILBAO VIZCAYA (PANAMA), S.A. and BANCO EXTERIOR, S.A. S.B. Resolution No. 20-2000 of March 24, 2,000. |
| 4. | Merger by absorption of BANCO COMERCIAL DE PANAMA by BANCO GENERAL, S.A. Resolution No. 27-2000 of May 26, 2,000. |
| 5. | Abroad merger of BANCA INTESA SPA with BANCA COMERCIALE ITALIANA, main shareholder of BANQUE SUDAMERIS, S.A. -- S.B. Resolution No. 36-2000 of July, 2000. |
| 6. | Abroad merger of BANQUE NATIONALE DE PARIS and PARIBAS. S.B. Resolution No. 41-2000 of July 4, 2000. |
| 7. | Acquisition of the stocks of PRIMER GRUPO NACIONAL, S.A., stockowner of PRIMER BANCO DE AHORROS, S.A., by BANCO DEL ISTMO, S.A. Resolution No. 44-2000 of July 10, 2000. |
| 8. | Transfer of all assets, liabilities and equity of the branches in Panama of THE CHASE MANHATTAN BANK to the HSBC BANK USA branch in Panama. -- S.B. Resolution No. 47-2000 of July 18, 2000. |
| 9. | Merger of BANCO DEL ISTMO, S.A. and PRIMER GRUPO NACIONAL, S.A. Resolution No. 52-2000 of August 8, 2000. |
| 10. | Abroad merger by absorption of FILABANCO, S.A., shareholder and Parent Bank of FILABANCO TRUST & BANKING, CORP. with BANCO LA PREVISORA, S.A. -- S.B. Resolution No. 55-2000 of August 17, 2000. |
| 11. | Merger of BANCO GENERAL, S.A. with NATIONAL BALTIC INVESTMENT, S.A., INVERSIONES YODALIS, S.A., INVERSIONES AÑO DOS MIL, S.A. and INVERSIONES ENSUEÑO. S.B. Resolution No. 56-2000 of August 17, 2000. |
| 12. | We authorized BANCO INTERNACIONAL DE COSTA RICA, S.A. to transfer 25% of the stocks it owns of BANCO INTERNACIONAL DE COSTA RICA, LTD., in favor of GRUPO FINANCIERO BICSA, S.A. S.B. Resolution No. 64-2000 of 15 December 2000 |
| 13. | We authorized BANCO INTERNACIONAL DE PANAMÁ, S.A. and 7TH OCEAN MARVEL, INC. to merge under the so-called “Merger Agreement”, whereby the former absorbs the latter, assuming all its assets, liabilities and equity. S.B. Resolution No. 66-2000 of 6 December 2000. |
| 14. | We authorized COMMERCE OVERSEAS BANK, S.A. to transfer all the shares it owns of CORPORACIÓN BANCOMER to CORPORACIÓN BCT, S.A. S.B. Resolution No. 60-2000 of 26 October 2000 |
MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 1999
| MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 1999 | |
|---|---|
| 1. | Stock transfer of BANCO EXTERIOR S.A. in name of BANCO EXTERIOR DE ESPAÑA S.A. in favor of ARGENTARIA, CAJA POSTAL and BANCO HIPOTECARIO S.A. S.B. Resolution No. 3-99 of February 3, 1999. |
| 2. | Transfer of all shares of the foreign banks TOWER CORPORATION LTD. and TOWERBANK (BAHAMAS) LIMITED in favor of TOWERBANK INTERNATIONAL INC. S.B. Resolution No. 4-99 of February 8, 1999. |
| 3. | Transfer of 51% of shares of BANCO ALEMAN PLATINA, S.A., of PLATINA FINANZ AG, in favor of M.M. WARBURG & CO, through the intermediary SOCIEDAD DE ADMINISTRACION FINANCIERA Y FIDUCIARIA MANDATROPA S.A. S.B. Resolution No. 13-99 of March 30, 1999. |
| 4. | Transfer of 100% of shares of BANCO GANADERO, S.A. - Panama, of BANCO GANADERO, S.A. - Colombia in favor of BANCO BILBAO VIZCAYA (PANAMA), S.A. S.B. Resolution No. 20-99 of May 12, 1999. |
| 5. | Abroad merger of the Banking Economic Group BANKBOSTON, N.A. (BANKBOSTON CORPORATION) with the FLEET FINANCIAL GROUP INC. Banking Economic Group.S.B. Resolution No. 25-99 of June 10, 1999. |
| 6. | Transfer of 99.15% of the shares of BANCO CONFEDERADO DE AMERICA LATINA, S.A. (COLABANCO) of CONFEDERACION LATINOAMERICANA DE COOPERATIVAS DE AHORRO Y CREDITO R.L (COLAC) in favor of G.B. GROUP CORPORATION. S.B. Resolution No. 35-99 of June 24, 1999. |
| 7. | Abroad acquisition by ABN AMRO, S.A. and/or other corporations linked to the ABN AMRO group, of up to 100% of BANCO REAL, S.A.’s shares. S.B. Resolution No. 40-99 of July 16, 1999. |
| 8. | Abroad merger with and towards CITI MERGER SUB INC., now called CITICORP, subsidiary of TRAVELERS GROUP, INC., now called CITIGROUP. S.B. Resolution No. 45-99 of August 9, 1999. |
| 9. | Transfer of 99.15% of the shares of BANCO CONFEDERADO DE AMERICA LATINA, S.A. (COLABANCO), of GB CORPORATION in favor of GLOBAL BANK CORPORATION. S.B. Resolution No. 50-99 of August 23, 1999. |
| 10. | Merger by absorption of INMOBILIARIA ISTMEÑA S.A. by BANCO GENERAL S.A. S.B. Resolution No. 57-99 of September 10, 1999. |
| 11. | Merger of BANCO BILBAO VIZCAYA (PANAMA) S.A. with BANCO GANADERO S.A. S.B. Resolution No. 58-99 of September 10, 1999. |
| 12. | Transfer of all assets, liabilities and operations of BANCO REAL S.A. to the ABN AMRO BANK N.V. branch in Panama. S.B. Resolution No. 60-99 of September 29, 1999. |
| 13. | Transfer to BANK OF AMERICA N.A. San Antonio Texas, United States, of the assets, liabilities and operations in Panama of BANK OF AMERICA. S.B. Resolution No. 62-99 of October 14, 1999. |
| 14. | Transfer of all shares of BANCO COMERCIAL DE PANAMA S.A. of MULTIEMPRESAS COMERCIALES S.A. in favor of EMPRESA GENERAL DE INVERSIONES, S.A. and from the latter to BANCO GENERAL S.A. S.B. Resolution No. 63-99 of October 15, 1999. |
| 15. | Transfer of all shares of COMMERCIAL BANK (GRAND CAYMAN) LTD. from MULTIHOLDING CORPORATION in favor of MULTIEMPRESAS COMERCIALES S.A. S.B. Resolution No. 64-99 of October 30, 1999. |
| 16. | Transfer of all shares of BANCO INTERNACIONAL DE PANAMA S.A. in favor of BIPAN HOLDING CORP. S.B. Resolution No. 66-99 of October 17, 1999 |
| 17. | Transfer of all shares of COMMERCIAL BANK (GRAND CAYMAN) LTD of MULTIEMPRESAS COMERCIALES, S.A. in favor of EMPRESA GENERAL DE INVERSIONES, S.A. a|nd from the latter to BANCO GENERAL S.A. S.B. Resolution No. 69-99 of October 30, 1999. |
| 18. | Transfer of the assets, liabilities and operations of BANCO CONFEDERADO DE AMERICA LATINA to GLOBAL BANK CORPORATION. S.B. Resolution No. 71-99 of November 30, 1999. |
MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 1998
| MERGERS, ACQUISITIONS, STOCK TRANSFERS, OPERATION TRANSFERS 1998 | |
|---|---|
| 1. | Transfer of the shares of BANCO SANTANDER (PANAMA) S.A. from BANCO SANTANDER (COLOMBIA), S.A. in favor of HOLBAH MERCHANT COMPANY LIMITED, indirect property of BANCO SANTANDER, S.A. of Spain. S.B. Resolution No. 1-98 of June 25, 1998. |
| 2. | Merger by absorption of FINCOMER ANCHOR, S.A. by COMMERCE OVERSEAS BANK, S.A.S.B. Resolution 16-98 of September 3, 1998. |
| 3. | Transfer of the assets, liabilities and operations of NATIONSBANK of TEXAS to NATIONSBANK. S.B. Resolution 18-98 of 3 September 1998. |
| 4. | We authorized BANCO BILBAO VIZCAYA (PANAMÁ), S.A. to merge by absorption the assets of INVERSIONES KATZEN, S.A. S.B. Resolution No. 47-98 of 15 December 1998. |
| 5. | Abroad indirect stock transfer of BANCO REAL, S.A. in favor of ABN AMRO BANK N.V. group. S.B. Resolution No. 54-98 of 30 December 1998. |
Introduction
Introduction
From the juridical point of view, a merger is the juridical union of two or more corporations that are mutually penetrated so that only one of them, as a single juridical organization, will substitute the plurality of legal bodies.
Under the financial approach, in practice, merging has become an operation that can be carried out through:
Absorption (merger by absorption), which occurs when a corporation absorbs or incorporates the estate, the associates and the full rights and duties of the absorbed corporation(s).
The classic modality is still “Merger by Creation”, which occurs when merging corporations dissolve and merge all their estate elements in a new company, which succeeds them in rights and duties. In this type of merger, the companies disappear (2, 3 or more) as they concur to create a new corporation.
The merging processes seek to improve the efficiency and competitiveness of Banks through scale economies to strengthen their position inside or outside the Financial Center of Panama.
Related Rules
Related Rules
| Related Rules | Descargar |
|---|---|
| Rule No. 13 (2001) National Securities Commission includes amendment paragraph to Rule No. 9-01 of 6 August 2001 (in Spanish) |
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| Rule No. 9 (2001) National Securities Commission adopts the Regulations by means of which it establishes the role and duties of Compliance Officers (in Spanish) |
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