Regulations

Licences

Licenses

Licenses	Download
Rule 3-2001 Whereby basic criteria for general license, international license or representation license applications are established. (Amended by Rule 2-2006). O.G. 24409 dated 15 October 2001. “Compiled document”
Rule 2-2006 Whereby Rule 3-2001 on Banking Licenses is amended. O.G. 25501 dated 24 March 2006. “Compiled document”

Rules

Rules 2013

Rules 2013	Download
Rule 2 (2013) Whereby Article 28 of Rule 7-2011 is amended
Rule 1 (2013) Whereby the rules for simplified process accounts are established

Rules 2012

Rules 2012	Download
Rule 6 (2012) Whereby a new Rule amending the provisions on the application of technical accounting standards for banks established in Panama is issued. This Rule rescinds Rule 4-1999. O.G. 27192 dated 27 December 2012.
Rule 5 (2012) Whereby the regulations on interbank deposits are compiled and updated and other activities that could be carried out by international license banks are regulated. As of its promulgation, this Rule rescinds Rule 6-74 and Rule 2-78. O.G. 27138-A dated 9 October 2012.
Rule 4 (2012) Whereby Article 11 of Rule 5-2011 is amended. O.G. 27063 dated 25 June 2012. “Compiled document”.
Rule 3 (2012) Whereby the Guidelines for Managing Information Technology Risks are provided. O.G. 27047-A dated 1 June 2012.
Rule 2 (2012) Whereby contracting Nonbanking Correspondents for the provision of certain services on behalf of Banks is regulated. O.G. 27020 dated 23 April 2012.
Rule 1 (2012) Whereby Rule 1-2007 is amended. O.G. 26986-A dated 5 March 2012. “Compiled document”.

Rules 2011

Rules 2011	Download
Rule 7 (2011) Whereby the rules on Operational Risk are established. O.G. 26944 dated 4 January 2012.
Rule 6 (2011) Whereby the guidelines on E-banking and Related Risk Management are established. This Rule rescinds Rule 5-2003, as of 10 September 2012. O.G. 26935 dated 20 December 2011.
Rule 5 (2011) Whereby a new Rule updating Corporate Governance provisions was issued. As of 1 January 2012, this Rule rescinds Rule 4-2001. O.G. 26883 dated 30 September 2011.
Rule 4 (2011) Whereby the rules for the collection of certain fees and surcharges applied by Banks are provided. O.G. 26788-A dated 19 May 2011.
Rule 3 (2011) Whereby the enforcement of Rule 1-2001 dated 4 January 2011 about Transparency of Information is extended to 1 August 2011. O.G. 26751 dated 28 March 2011. “Compiled document”.
Rule 2 (2011) Whereby Article 10 of Rule 4-2008 is amended. O.G. 26710-B dated 27 January 2011. “Compiled document”.
Rule 1 (2011) Whereby the guidelines for transparency of information for using banking products and services are provided. O.G. 26700-C dated 13 January 2011.

Rules 2010

Rules 2010	Download
Rule 9 (2010) Whereby article 8 of Rule 4-2010 is amended. O.G. 26690 dated 29 December 2010. “Compiled document”
Rule 8 (2010) Whereby the provisions on Comprehensive Risk Management are provided. O.G. 26686-A dated 23 December 2010.
Rule 7 (2010) Whereby the provisions of Joint Banking are updated. This Rule rescinds Rule 7-2002. O.G. 26677 dated 10 December 2010.
Rule 6 (2010) Whereby Article 4 of Rule 2-2010 is amended. O.G. 26664 dated 19 November 2010. “Compiled document”.
Rule 5 (2010) Whereby the term “Bank Examinations” of article 66 of Banking Law is further developed. O.G. 26641-A dated 13 October 2010.
Rule 4 (2010) Whereby the provisions on External Audits to Banks are updated. This Rule rescinds Rule 1-2002 and Rule 6-2005. (Amended by Rule 9-2010). O.G. 26607 dated 26 August 2010. “Compiled document”.
Rule 3 (2010) By means of which Article 3 of Rule 9-2009 is modified. O.G. 26497 dated 25 March 2010. “Compiled document”.
Rule 2 (2010) By means of which provisions regarding Banks Ratings are issued. This Rule rescinds Rule 11-2005. (Amended by Rule 6-2010). O.G. 26473-A dated 19 February 2010. “Compiled document”.
Rule 1 (2010) By means of which the guidelines about integrity and accuracy of the information contained on the Financial Statements are established. O.G. 26464-A dated 4 February 2010.

Rules 2009

Rules 2009	Download
Agreement 10 (2009) Whereby Rule 4-2008 on the legal liquidity index is amended. O.G. 26443 dated 8 January 2010. “Compiled document”
Agreement 9 (2009) By means of which the provisions on Time Deposits and Local Savings Deposits are compiled, adjusted and updated. This Rule rescinds Rule 4-2000 and Rule 10-2005. (Amended by Rule 3-2010). O.G. 26414-A dated 25 November 2009. “Compiled document”
Agreement 8 (2009) By means of which Rule 2-2008 dated 3 July 2008 on Valuation of Guarantees for the Coverage of Credit Risk is left without effect. O.G. 26386-A dated 12 October 2009.
Agreement 7 (2009) Which modifies Article 6 of Rule 7-2005 on Check Clearing and Fund Availability. O.G. 26357-A dated 31 August 2009. “Compiled document”
Agreement 6 (2009) Whereby the standards are stipulated for Risk Concentration limits to Economic Groups and Related Parties. This Rule rescinds Rule 1-1999, Rule 2-1999, Rule 7-1999, Rule 8-1999, Rule 9-1999 and Rule 10-1999 and all their modifications. O.G. 26412-A dated 23 November 2009.
Agreement 5 (2009) Which develops Article 215 of the Banking Law on Inactive Assets. This Rule rescinds Rule 3-2005. O.G. 26412-A dated 23 November 2009.
Agreement 4 (2009) By means of which Article 4 of Rule 5-2008 dated 1 October 2008 is modified. “Compiled document”.
Agreement 3 (2009) By means of which the provisions on Transfer of Acquired Real Estate are updated. This Rule rescinds Rule 1-2000, Rule 8-2002, Rule 4-2005, and Rule 3-2006. O.G. 26308 dated 22 June 2009.
Agreement 2 (2009) By means of which enactment of Rule 5-2008 dated 1 October 2008 is extended. O.G. 26262 dated 16 April 2009. “Compiled document”.
Agreement 1 (2009) By means of which is left without any effect Rule 8-2008 dated 31 October 2008. O.G. 26262 dated 16 April 2009.

Rules 2008

Rules 2008	Download
Agreement 9 (2008) Whereby Article 17 of Rule 4-2008 dated 24 July 2008 is modified. O.G. 26317 dated 6 July 2009. “Compiled document”.
Agreement 8 (2008) Temporary measures are adopted as consequence of the international financial situation. This Rule was rescinded by Rule 1-2009. O.G. 26266 dated 22 April 2008.
Agreement 7 (2008) Which modifies Articles 15, 16 and 17 of Rule 1-2006, which itself is modified by Rule 4-2006, on the Asset Liquidation. O.G. 26170 dated 21 November 2008. “Compiled document”.
Agreement 6 (2008) Whereby Article 11 of Rule 2-2008 dated 3 July 2008 is modified and the date when it goes into effect is postponed. O.G. 26169 dated 20 November 2008.
Agreement 5 (2008) Whereby capital standards for credit risk applicable to banks are established. This Rule rescinds Rule 5-1998 and Rule 6-1998. (Amended by Rule 2-2009 and Rule 4-2009). O.G. 26162 dated 11 November 2008. “Compiled document”.
Agreement 4 (2008) Whereby new provisions on the legal liquidity index compliance are stipulated. This Rule rescinds Rule 9-2006. (Amended by Rule 9-2008, Rule 10-2009 and Rule 2-2011). O.G. 26138 dated 2 October 2008. “Compiled document”.
Agreement 3 (2008) Whereby the procedure is stipulated for filing claims before the Superintendency. O.G. 26143 dated 9 October 2008.
Agreement 2 (2008) Whereby the general parameters for the assessment of credit risk securities coverage are established. (Amended by Rule 6-2008 and rescinded by Rule 8-2009). O.G. 26122 dated 10 September 2008.
Agreement 1 (2008) On the Claims Attention System in Banking Entities. O.G. 26137 dated 1 October 2008.

Rules 2007

Rules 2007	Download
Agreement 1 (2007) Whereby minimum security standards are stipulated for Banking Entities. (Amended by Rule 1-2012). O.G. 25976 dated 13 February 2008. “Compiled document”

Rules 2006

Rules 2006	Download
Agreement 9 (2006) Whereby new provisions for meeting the legal liquidity index are provided. This Rule rescinds Rule 2-2000 and Rule 5-2000. (This Rule was rescinded by Rule 4-2008). O.G. 25711 dated 16 January 2007.
Agreement 8 (2006) Whereby Rule 12-2005 on the prevention for the misuse of banking and trust services is amended. O.G. 25703 of January 2007. “Compiled document”.
Agreement 7 (2006) Whereby the obligation of banks to submitting client’s credit information is established. O.G. 25757 dated 26 March 2007.
Agreement 6 (2006) Whereby Rule 6-1998 on capital adequacy is amended. (This Rule was rescinded by Rule 5-2008). O.G. 25675 dated 20 November 2006.
Agreement 5 (2006) Whereby Rule 5-1998 on the capital adequacy index is amended. O.G. 25689 dated 12 December 2006.
Agreement 4 (2006) Whereby Rule 1-2006 on assets liquidation is amended. O.G. 25636 dated 21 September 2006. “Compiled document”.
Agreement 3 (2006) Whereby Rule 1-2000 on the embargo of real estate acquired as compensation of pending credit is amended. This Rule rescinds Rule 4-2005. (This Rule was rescinded by Rule 3-2009). O.G. 25572 dated 22 June 2006.
Agreement 2 (2006) Whereby Rule 3-2001 on banking licenses is amended. O.G. 25510 dated 24 March 2006. “Compiled document”.
Agreement 1 (2006) Whereby paragraphs 1 and 2 of article 129 of Decree Law 9 of 1998 are further developed. (This Rule was amended by Rule 4-2006 and Rule 7-2008). O.G. 25519 dated 6 April 2006. “Compiled document”.

Rules 2005

Rules 2005	Download
Agreement 12 E (2005) Whereby a Guide with examples of Suspicious Operations is provided. O.G. 25455 dated 30 December 2005.
Agreement 12 (2005) Prevention on the misuse of Banking and Trust Services. This Rule rescinds Rule 9-2000 and Rule 11-2002. (Amended by Rule 8-2006). O.G. 25452 dated 27 December 2005. “Compiled document”
Agreement 11 (2005) Whereby the general criteria for banking ratings are established. This Rule was rescinded by Rule 2-2010. O.G. 25451 dated 23 December 2005.
Agreement 10 (2005) Whereby the amounts and terms for special savings deposits are established. This Rule was rescinded by Rule 9-2009. O.G. 25429 dated 21 November 2005.
Agreement 9 (2005) Whereby Outsourcing is further developed. O.G. 25420-A dated 2 November 2005.
Agreement 8 (2005) Whereby article 85 of Decree Law 9 of 1998 on banking confidentiality is further developed. O.G. 25406 dated 13 October 2005.
Agreement 7 (2005) Whereby general parameters for check compensation and fund availability are established. (This Rule was amended by Rule 7-2009). O.G. 25406 dated 13 October 2005. “Compiled document”.
Agreement 6 (2005) Whereby Rule 1-2002 on external auditor rotation is amended. This Rule was rescinded by Rule 4-2010. O.G. 25360 dated 9 August 2005.
Agreement 5 (2005) Whereby the term for the notification of judicial process to the Superintendency of Banks is regulated. O.G. 25308 dated 27 May 2005.
Agreement 4 (2005) Whereby Rule 1-2000 on the embargo of real estate is amended. This Rule was rescinded by Rule 3-2006 and Rule 3-2009. O.G. 25243 dated 23 February 2005.
Agreement 3 (2005) Whereby inactive assets are regulated. This Rule was rescinded by Rule 5-2009. O.G. 25236 dated 14 February 2005.
Agreement 2 (2005) Whereby the parameters for wire transfers are established. O.G. 25236 dated 14 February 2005.
Agreement 1 (2005) Whereby Rule 1-98 on the banking assessment fee was amended. O.G. 25234 dated 10 February 2005. “Compiled document”.

Rules 2004

Rules 2004	Download
Agreement 2 (2004) Whereby buying and selling portfolio and/or transfer of deposits is regulated. O.G. 25213 dated 7 January 2005.
Agreement 1 (2004) Whereby Rule 10-2003 on Mergers and Acquisitions is rescinded. O.G. 25213 dated 7 January 2005.

Rules 2003

Rules 2003	Download
Agreement 10 (2003) Whereby Mergers and Acquisitions are regulated. This Rule was rescinded by Rule 1-2004. O.G. 24958 dated 30 December 2003.
Agreement 9 (2003) Whereby Rule 6-98 on capital adequacy index was amended. This Rule was rescinded by Rule 5-2008. O.G. 24950 dated 17 December 2003.
Agreement 8 (2003) Whereby special services fees requested to the Superintendency of Banks are fixed (Art. 20 of Decree Law 9 of 1998). O.G. 24920 dated 30 October 2003.
Agreement 7 (2003) Whereby basic guidelines for Credit Cards are established. O.G. 24920 dated 30 October 2003.
Agreement 6 (2003) Whereby Rule 2-2003 on microfinance banks is amended. O.G. 24903 dated 7 October 2003. “Compiled document”.
Agreement 5 (2003) Whereby e-banking provisions are established. This Rule was rescinded by Rule 6-2001 as of 10 September 2012. O.G. 24833 dated 30 July 2003.
Agreement 4 (2003) Whereby Rule 6-2000 on loan portfolio classification is amended. O.G. 24793 dated 5 May 2003. “Compiled document”.
Agreement 3 (2003) Whereby Rule 2-2002 on the limits of equity investment in corporations unrelated to the banking business is amended. O.G. 24793 dated 5 May 2003. “Compiled document”.
Agreement 2 (2003) Whereby microfinance banks are regulated. (Amended by Rule 6-2003). O.G. 24765 dated 21 March 2003. “Compiled document”.
Agreement 1 (2003) Whereby prudent and adequate controls for operations with Related Parties are established. O.G. 24765 dated 21 March 2003.

Rules 2002

Rules 2002	Download
Agreement 12(2002) Whereby Progressive fines due to delays in filing reports, atoms and other documents are established. This Rule rescinds Rule 2-1998. O.G. 24704 dated 20 December 2002.
Agreement 11(2002) Whereby the misuse of baking services is regulated. This Rule was rescinded by Rule 12-2005. O.G. 24704 dated 20 December 2002.
Agreement 10 (2002) Whereby the procedure to handle claims and/or complaints from banking services users are established. This Rule rescinds Rule 6-2001. O.G. 24659 dated 14 October 2002.
Agreement 9 (2002) Whereby closing accounts is regulated. This Rule was rescinded by Rule 11-2002. O.G. 24659 dated 14 October 2002.
Agreement 8 (2002) Whereby Rule 1-2000 on Awarded Real Estate is amended. This Rule was rescinded by Rule 3-2009. O.G. 24659 dated 14 October 2002.
Agreement 7(2002) Whereby joint banking provisions are established. This Rule was rescinded by Rule 7-2010. O.G. 24659 dated 14 October 2002.
Agreement 6 (2002) Whereby off-balance operations classification is regulated. O.G. 24621 dated 21 August 2002.
Agreement 5 (2002) Whereby Rule 6-2000 on loan portfolio classification and Rule 7-2000 on investment portfolio classification are amended. O.G. 24551 dated 14 May 2012. “Compiled document 1”. “Compiled document 2”.
Agreement 4 (2002) Whereby opening cross-border establishments of Panamanian banks is regulated. O.G. 24529 dated 11 April 2002.
Agreement 3(2002) Whereby the methodology for the effective interest rate calculation is adopted. O.G. 24529 dated 11 April 2002.
Agreement 2(2002) Whereby investment limit in unrelated corporations to banking is established. (Amended by Rule 3-2003). O.G. 24529 dated 11 April 2002. “Compiled document”.
Agreement 1(2002) Whereby external auditing to banks is regulated. (This Rule was amended by Rule 6-2005). Rescinded by Rule 4-2010. O.G. 24507 dated 8 March 2002. External Auditor Forms.

Rules 2001

Rules 2001	Download
Agreement 6 (2001) Whereby the procedure to handle claims and/or complaints filed by banking services users is established. This Rule was rescinded by Rule 10-2002. O.G. 24466 dated 9 January 2002.
Agreement 5 (2001) Whereby market risk is regulated. O.G. 24465 dated 8 January 2002.
Agreement 4 (2001) Whereby corporate governance provisions are established. This Rule was rescinded by Rule 5-2011. (Amended by Rule 2-2006). O.G. 24409 dated 15 October 2001.
Agreement 3(2001) Whereby basic criteria for general license, international license and representation license applications are established. (Amended by Rule 2-2006). O.G. 24409 dated 15 October 2001. “Compiled document”.
Agreement 2(2001) Whereby Rule 1-1998 on banking supervisory and regulatory assessment fee is amended. O.G. 24314 dated 1 June 2011. “Compiled document”.
Agreement 1(2001) Whereby Rule 7-2000 on investment credit portfolio is amended. O.G. 24305 dated 21 May 2005. “Compiled document”.

Rules 2000

Rules 2000	Download
Agreement 10 (2000) Whereby the provisions on compliance program and compliance officer are updated. This Rule rescinds Rule 8-2000. O.G. 24219 dated 15 January 2001.
Agreement 9 (2000) Whereby the prevention on the misuse of banking services is regulated. This Rule was rescinded by Rule 12-2005. (Amended by Rule 11-2002). O.G. 24177 dated 8 November 2000.
Agreement 8 (2000) Whereby the provisions on compliance officer are provided. This Rule was rescinded by Rule 10-2000. O.G. 24137 dated 12 September 2000.
Agreement 7(2000) Whereby the investment portfolio classification is regulated. (This Rule was amended by Rule 1-2001 and Rule 5-2002). O.G. 24113 dated 8 August 2000. “Compiled document”.
Agreement 6 (2000) Whereby the loan portfolio classification is regulated. (This Rule was amended by Rule 4-2003 and Rule 5-2002). O.G. 24102 dated 24 July 2000. “Compiled document”
Agreement 5 (2000) Whereby Rule 2-2000 on the legal liquidity index is amended. This Rule was rescinded by Rule 9-2006. O.G. 24100 dated 20 July 2000.
Agreement 4 (2000) Whereby an exception to the restriction of advance withdrawal of time deposits is established. This Rule was rescinded by Rule 9-2009. O.G. 24070 dated 8 June 2000.
Agreement 3(2000) Whereby the payment of the annual basic charge for the provision of US Dollars to International License Banks is eliminated. O.G. 24053 dated 17 May 2000.
Agreement 2(2000) Whereby the legal liquidity index is regulated. This Rule was rescinded by Rule 9-2006. (Amended by Rule 5-2000). O.G. 24010 dated 15 March 2000.
Agreement 1(2000) Whereby the term for removal from Bank’s accounts of real estate acquired in compensation of unpaid loans is provided. This Rule was rescinded by Rule 3-2009. (Amended by Rule 8-2002, Rule 4-2005 and Rule 3-2006). O.G. 24010 dated 15 March 2000.

Rules 1999

Rules 1999	Download
Agreement 10 (1999) Whereby limits to general risk concentration on related parties are established. This Rule was rescinded by Rule 6-2009. O.G. 23989 dated 14 February 2000.
Agreement 9 (1999) Whereby limits to general concentration of individual risk are established. This Rule was rescinded by Rule 6-2009. O.G. 23989 dated 14 February 2000.
Agreement 8 (1999) Whereby limits to debt securities investment of related parties are established. This Rule was rescinded by Rule 6-2009. O.G. 23989 dated 14 February 2000.
Agreement 7(1999) Whereby individual limits to debt securities investment are established. This Rule was rescinded by Rule 6-2009. O.G. 23989 dated 14 February 2000.
Agreement 6 (1999) Whereby Rule 6-1998 on capital adequacy index for International License Banks is amended. Rule 6-1998 was rescinded by Rule 5-2008. O.G. 23902 dated 7 October 1999.
Agreement 5 (1999) Whereby Rule 5-1998 on capital adequacy index for General License Banks is amended. Rule 5-1998 was rescinded by Rule 5-2008. O.G. 23902 dated 7 October 1999.
Agreement 4 (1999) Whereby technical accounting standards (IAS and US-GAAP) and auditing standards (NIAF and FAS) are established. This Rule rescinds Rule 3-98. Rescinded by Rule 6-2012. O.G. 23841 dated 15 July 1999.
Agreement 3(1999) Whereby consolidated supervision of banking economic group and capital adequacy global index are regulated. O.G. 23829 dated 30 June 1999.
Agreement 2(1999) Whereby credit limits to related parties are regulated. This Rule was rescinded by Rule 6-2009. O.G. 23829 dated 30 June 1999.
Agreement 1(1999) Whereby individual credit limits are regulated. This Rule was rescinded by Rule 6-2009. O.G. 23829 dated 30 June 1999.

Rules 1998

Rules 1998	Download
Agreement 6 (1998) Whereby capital adequacy index for international license banks is established. This Rule was rescinded by Rule 5-2008. (Amended by Rule 6-99, Rule 9-2003 and Rule 6-2006). O.G. 23667 dated 10 November 1998.
Agreement 5 (1998) Whereby capital adequacy index for general license banks are established. This Rule was rescinded by Rule 5-2008. (Amended by Rule 5-99 and Rule 5-2006). O.G. 23667 dated 10 November 1998.
Agreement 4 (1998) Whereby the framework for agreements or understandings with foreign supervisory bodies is regulated. O.G. 23667 dated 10 November 1998.
Agreement 3(1998) Adoption of International Accounting Standards (IAC). This Rule was substituted by Rule 4-99.
Agreement 2(1998) Whereby Progressive fines due to delays in filing reports, atoms and other documents are established. This Rule was rescinded by Rule 12-2002. O.G. 23802 dated 24 May 1999.
Agreement 1(1998) Whereby the banking supervisory and regulatory assessment fee is regulated. (This Rule was amended by Rule 2-2001 and Rule 1-2005). O.G. 23590 dated 21 July 1998. “Compiled document”.

Circulars

Circulars 2013

Circular	Descargar
Circular 65 Submission of information. Stop payment on a Banco Davivienda (Panamá), S.A. check
Circular 64 Submission of information. Stop payment on a check. Banco Davivienda (Panamá), S.A.
Circular 63 Submission of information. Stop payment on a certified check. ST. GEORGES BANK & COMPANY, INC.
Circular 60 Submission of information. Stop payment on a cashier’s check. ST. GEORGES BANK & COMPANY, INC.
Circular 54 Coercive Measures – Democratic People’s Republic of Korea
Circular 53 Submission of information. Stop payment on a cashier’s check. ST. GEORGES BANK & COMPANY, INC.
Circular 52 Request from the Embassy of Libya
Circular SBP-DEF 002-2013 Loans for Casco Antiguo Revitalization (Decree-Law 9/1997 and Law 4/2002)
Circular SBP-DEF 002-2013 Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/2003, 29/2008 and 28/2012)
Circular 51 Submittal of information. Banco Nacional de Panamá
Circular 50 Rule 1-2013 – Simplified Process Accounts
Circular 49 Request from the Embassy of Libya
Circular 48 Submittal of information
Circular 47 Consolidated list – Al-Qaeda
Circular 46 Consolidated list – Liberia
Circular 45 Consolidated list – Islamic Republic of Iran
Circular 44 Consolidated list – Democratic Republic of the Congo
Circular 43 Consolidated list – The Taliban
Circular 42 Consolidated list – Sudan
Circular 41 Consolidated list – Libya
Circular 40 Consolidated list – Liberia
Circular 39 Special meeting of the Committee
Circular 38 Consolidated list of sanctions – Al-Qaeda
Circular 37 Consolidated list – Islamic Republic of Iran
Circular 36 Temporary schedule. Business and customer service schedule. Superintendency of Banks
Circular 35 Temporary schedule. Business and customer service schedule. Superintendency of Banks
Circular 34 Consolidated list – Islamic Republic of Iran
Circular 33 Consolidated list – Liberia
Circular 32 Consolidated list of sanctions – Al-Qaeda
Circular 31 Consolidated list – Democratic Republic of the Congo
Circular 30 Submission of information. Stop payment on check. THE BANK OF NOVA SCOTIA (SCOTIABANK)
Circular 29 Consolidated list – Democratic Republic of the Congo
Circular 28 Consolidated list – Islamic Republic of Iran
Circular 27 Consolidated list of sanctions – Al-Qaeda
Circular 26 List – Special Meeting of the Committee
Circular 25 Consolidated list – Liberia
Circular 24 Consolidated list – Sudan
Circular 23 Consolidated list – Libya
Circular 22 Consolidated List – The Taliban
Circular 21 Submission of information. Stop payment on check. THE BANK OF NOVA SCOTIA
Circular 20 Consolidated list – Democratic Republic of the Congo
Circular 19 Rule 2-2013
Circular 18 Invitation – Breakfast Meeting. Presentation on the International Banking Center’s 2012 Performance
Circular 17 Submittal of information
Circular 16 Temporary Schedule. Business and Customer Service Schedule. Superintendency of Banks
Circular 15 Temporary Schedule. Business and Customer Service Schedule. Superintendency of Banks
Circular 14 Consolidated List – The Taliban
Circular 13 Appointment of a new Secretary General of the SBP. Recognition for Mr. Amauri A. Castillo’s work as Secretary General
Circular 12 Appointment of a new Secretary General of the SBP. Recognition for Mr. Amauri A. Castillo’s work as Secretary General
Circular 11 General Resolution SBP-RG-0001-2013
Circular 10 Consolidated List – The Taliban
Circular 09 Audit Discrepancy Report
Circular 08 New FECI payment account number in Banco Nacional
Circular 07 Communiqué from the Department of the Treasury on the removal of Mr. Francisco Javier Duque Correa from the OFAC List
Circular 06 Consolidated List – Al-Qaida Sanctions
Circular 05 Consolidated List – Liberia
Circular 04 Consolidated List – The Taliban
Circular 03 Board of Directors’ General Resolution SBP-JD-0001-2013
CF-DL-9-97 – No. 001-2013 Loans for Casco Antiguo Revitalization (Decree-Law 9-1997 and Law 4/2002)
CFL 3-85 – No. 001-2013 Residential mortgage loans (Law 3/85, 11/90, 5/94, 30/99, 50/99, 65/2003, 29/2008, and 28/2012)
Circular 02 Rule 001-2013
Circular 01 Submittal of information

Circulars 2012

Circular	Descargar
SBP-DR-0117-2012 Rule 006-2012
SBP-FECI-0116-2012 2013 Calendar for the submission of the FECI Report
SBP-DR-0115-2012 Code of Ethics and Professional Conduct of the SBP
SBP-DR-0114-2012 Submittal of information
SBP-DJ-0113-2012 2013 Clearing House Calendar. Banco Nacional de Panamá
SBP-DJ-0112-2012 Description of (weekly) Legal Liquidity Atom accounts.
SBP-DPC-0111-2012 Communiqué from the Department of the Treasury on the removal of Mr. Francisco Javier Duque Correa from the OFAC List
SBP-GSF-0110-2012 FIDSYS Project – Deposit and Investment (Securities) Atoms
SBP-DPC-0109-2012 Submission of information. Stop payment cashier’s check No. 003060239. BANCO BILBAO VIZCAYA ARGENTARIA (PANAMÁ), S.A.
SBP-DPC-0108-2012 Consolidated List – Al-Qaeda Sanctions
SBP-DPC-0107-2012 Consolidated List – Liberia
SBP-DPC-0106-2012 Consolidated List – The Taliban
SBP-DR-0105-2012 Submittal of information for the Holiday Season
SBP-DR-0104-2012 Cocktail Invitation
SBP-DJ-0103-2012 Submission of information. BANCOLOMBIA (PANAMÁ), S.A. (False statement on Bank letter)
Circular 102 FIDSYS Project – Deposits and Investment Atoms (Securities)
SBP-GSF-0101-2012 Business and Customer Service Schedule of the Superintendency of Banks
SBP-DJ-0100-2012 Business and Customer Service Schedule. Superintendency of Banks
SBP-DJ-0099-2012 Submission of information. Stop payment on BANCO NACIONAL DE PANAMÁ checks numbered 60603501 through 60604450
SBP-DR-0098-2012 Submittal of information during the National Holidays
SBP-DR-0098-2012 Submittal of information during the National Holidays
SBP-DJ-0097-2012 Submission of information. Stop payment on cashier’s checks issued by ST. GEORGES BANK & COMPANY, INC.
SBP-DR-0096-2012 Rule 005-2012
Circular CF-DL9-97 4-2012 (2012) Loans for Casco Antiguo Restoration (Decree Law 9/1997 and Law 4/2002)
Circular CFL 3-85 4-2012 (2012) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/2003, 29/2008, and 28/2012)
Circular 95 Update to the List of Individuals and Entities related to Libya
Circular 94 Consolidated List of individuals and entities related to Somalia and Eritrea
Circular 93 Consolidated List of individuals and entities related to Guinea-Bissau
Circular 92 Consolidated List Sudan – Darfur
Circular 91 Additions to the Al-Qaida Sanctions List
Circular 90 List of Individuals and Entities related to the Taliban
Circular 89 Consolidated List of Individuals and entities related to Liberia
Circular 88 Entry into force of the amendment to the FECI Interpretation Criteria on Factoring Agreements
Circular 86 Appointment of Independent Director
Circular 85 Consolidated List – Libya
Circular 84 Consolidated List – Somalia and Eritrea
Circular 83 Consolidated List – Guinea-Bissau
Circular 82 Consolidated List – Sudan-Darfur
Circular 81 Additions to the Al-Qaida Sanctions List
Circular 80 Consolidated List – Liberia
Circular 79 Consolidated List (the Taliban)
Circular 78 Decree 50 dated 22 November 1999. ID Card for Minors
Circular 77 Consolidated List (the Taliban) and 4 amendments to Libya
Circular 76 Al-Qaida Sanctions and the Consolidated List
Circular 75 Additions to the List of Individuals and Entities Associated with Al-Qaida
Circular 74 Financial Action Task Force Communiqué
Circular 73 Appointment of New Director of Supervision
Circular 72 Submission of Information. Stop payment of Cashier’s Check No. 002978043. BANCO BILBAO VIZCAYA (PANAMÁ), S.A.
Circular 71 Consolidated List (the Taliban) and 4 amendments to Libya.
Circular 70 Al-Qaida Sanctions and the Consolidated List.
Circular 69 Three additions to the Al-Qaida Sanctions List and the Consolidated List.
Circular 68 Financial Action Task Force’s Communiqué
Circular 67 Submittal of information through the TBANK System on the occasion of the Observance of the Anniversary of the Founding of Panama City.
Circular 66 Project for Computerizing the Transmittal of Information.
Circular 65 General Resolution SBP-JD-0036-2012
Circular 64 IPACOOP announces Resolution 67/2012 dated 28 June 22012 on the Temporary Seizure of COACECSS
Circular 63 Advisory on Emails promoting a Pyramid Scheme – MMM MAVRODI MONEY MACHINE and SERGEY MAVRODI
Circular 62 General Resolution SBP-JD-0033-2012
Circular CF-DL9-97 3-2012 (2012) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002)
Circular CFL 3-85 3-2012 (2012) Residential Mortgage Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99, 50/99, 65/2003, 29/2008, and 28/2012)
Circular 61 Rule No. 004-2012
Circular 60 Appointment of Independent Director
Circular 59 FIDSYS Project
Circular 58 Rule No. 003-2012
Circular 57 Form – Notice of the Bank’s Contracting of External Auditors (SBPDAE-01)
Circular 56 Amendment to FECI Interpretation Criteria on Factoring Agreements
Circular 55 Amendment to Law dated 20 May 1985. Preferential Interest Rate System for Mortgage Loans
Circular 54 Inactive Assets Report.
Circular 53 Submission of information through the ITBANK System due to the Day of National Mourning.
Circular 52 Press Release from the National Security Council on the Office of Foreign Assets Control’s (OFAC) identification of 6 Panamanian Companies.
Circular 51 Submission of information through the ITBANK System due to the Labor Day holiday.
Circular 50 Rule No. 002-2012
Circular 49 Investments Atom AT15 – AT 06.
Circular 48 Press Release from the National Security Council about OFAC – Office of Foreign Assets Control – 6 Panamanian Companies
Circular 47 General Resolution SBP-RG-0005-2012
Circular 46 Submission of information through the ITBANK System due to the holy Week and Labor Day holidays
Circular 45 Rule No. 4-2010 / Special Reports
Circular CF-DL9-97 2-2012 (2012) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002.
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)
Circular 44 New Email Address for the submission of Form SB-FID-UAF
Circular 43 Business and Customer Service Schedule of the Superintendency of Banks
Circular 42 Business and Customer Service Schedule. Superintendency of Banks
Circular 41 List of Al-Qaida Sanctions
Circular 40 Rule No. 001-2012
Circular 39 Executive Decree No. 55
Circular 38 Iraq and Kuwait
Circular 37 List of Al-Qaida Sanctions
Circular 36 List of Al-Qaida Sanctions
Circular 35 List – Guidelines adopted on 30 November 2011
Circular 34 Update to the Consolidated List
Circular 33 Invitation to a Breakfast
Circular 32 Executive Decree No. 55
Circular 31 Submission of information through the ITBANK System due to the Carnival Holidays
Circular 30 Al-Qaida List of Sanctions
Circular 29 New Forms – External Auditors
Circular 28 General Resolution SBP-JD-0001-2012
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)
Circular 26 Iraq and Kuwait
Circular 25 Invitation – Breakfast Meeting. Presentation on the Banking Center’s 2011 Performance
Circular 24 Al-Qaida List of Sanctions
Circular 23 Al-Qaida List of Sanctions
Circular 22 List – New Guidelines
Circular 21 List
Circular 20 General Resolution SBP-RG-0001-2012
Circular 19 Al-Qaida List of Sanctions
Circular 18 Press Release from OFAC (Office of Foreign Assets Control) – Panama
Circular 17 The Democratic Republic of the Congo
Circular 16 Modification to the Consolidated List
Circular 15 Review of FATF – GAFI Standards
Circular 14 Submission of Information. Banco Nacional de Panamá (Circulation of some forged checks of the National Assembly)
Circular 13 Letters on Commencement of Inspections
Circular 12 Modification of the Consolidated List
Circular 11 Officers of the Iranian Revolutionary Guard Corps
Circular 10 Officers of the Iranian Revolutionary Guard Corps
Circular 09 Modification of the Consolidated List
Circular 08 Modification of the Consolidated List
Circular 07 Modification of the Consolidated List
Circular 06 Somalia and Eritrea
Circular 05 Committee Name Change
Circular 04 Modification to the Consolidated List
Circular 03 Press Release from OFAC (Office of Foreign Assets Control) – Panama
Circular 02 Al-Qaida List of Sanctions
Circular 01 Press Release from OFAC (Office of Foreign Assets Control) – Panama
Circular CF-DL9-97 1-2012 (2012) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002.
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)

Circulars 2011

Circular	Download
Circular 109 (2011) 2012 Calendar for the submission of the FECI Form
Circular 108 (2011) Submission of information through the ITBANK System due to Day of the Martyrs (9 January 2012)
Circular 107 (2011) Rule No. 007-2011
Circular 106 (2011) Côte d’Ivoire
Circular 105 (2011) The Islamic Republic of Iran
Circular 104 (2011) Guidelines for the Consolidated List
Circular 103 (2011) The Democratic Republic of the Congo
Circular 102 (2011) Updated version of the Consolidated List
Circular 101 (2011) Submission of Information: Banco Nacional de Panamá (Forged letter on Bank’s Letterhead)
Circular 100 (2011) Updated version of the Consolidated List
Circular 99 (2011) Updated version of the Consolidated List
Circular 98 (2011) Updated version of the Consolidated List
Circular 97 (2011) Updated version of the Consolidated List
Circular 96 (2011) Updated version of the Consolidated List
Circular 95 (2011) Updated version of the Consolidated List
Circular 94 (2011) List – Individuals Associated with Al-Qaida
Circular 93 (2011) The Democratic Republic of the Congo
Circular 92 (2011) FATF-GAFI – Ongoing review process of compliance with the AML/CFT Standards
Circular 91 (2011) Rule No. 006-2011
Circular 90 (2011) Modifications to the Single Account Plan (SAP) SB35, New BAN09 for derivatives information
Circular 89 (2011) Investments Atom AT15
Circular 88 (2011) Submission of information through the ITBANK System to Mother’s Day, Christmas and New Year’s holidays
Circular 87 (2011) Project to Computerize the Transmittal of Information
Circular 86 (2011) 2012 Clearing House Calendar. Banco Nacional de Panamá
Circular 85 (2011) Conceptual presentation of “Non-banking Correspondents”
Circular 84 (2011) Use of Technology Tools provided by the Electoral Court and the Public Registry of Panama
Circular 83 (2011) Use of Technology Tools provided by the Electoral Court and the Public Registry of Panama
Circular 82 (2011) List
Circular 81 (2011) Officers of the Iranian Revolutionary Guard Corps
Circular 80 (2011) Updated Version of List
Circular 79 (2011) Islamic Republic of Iran Shipping Line
Circular 78 (2011) List
Circular 77 (2011) Submission of Information through the ITBANK System due to National Holidays
Circular 76 (2011) Submission of information. Stop payment of certain checks. UniBank & Trust, Inc.
Circular 75 (2011) Officers of the Iranian Revolutionary Guard Corps
Circular 74 (2011) List
Circular 73 (2011) Changes to Committee’s Name
Circular 72 (2011) List
Circular 71 (2011) Somalia and Eritrea
Circular 70 (2011) Islamic Republic of Iran
Circular 69 (2011) Code d’Ivoire
Circular 68 (2011) List
Circular 67 (2011) Democratic Republic of the Congo
Circular 65 (2011) Submittal of Informatioin. Stop payment of several checks. The Bank of Nova Scotia (Scotiabank)
Circular 64 (2011) Consolidated List
Circular 63 (2011) Consolidated List
Circular 62 (2011) Consolidated List
Circular 61 (2011) Consolidated List
Circular 60 (2011) Consolidated List
Circular 59 (2011) Rule No. 005-2011
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)
Circular CF DL9-97 004-2011 (2011) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002)
Circular 58 (2011) Notice sent by the National Banking and Securities Commission of Mexico (Comisión Nacional Bancaria y de Valores de México)
Circular 57 (2011) Consolidated List
Circular 56 (2011) Consolidated List
Circular 55 (2011) Consolidated List
Circular 54 (2011) Consolidated List
Circular 53 (2011) Consolidated List
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)
Circular 51 (2011) New interpretation criteria of FECI Commission. Household Mortgages
Circular 50 (2011) Circular No. 048-2010 – RUC or ID card format
Circular 49 (2011) Stop payment of one (1) Banker’s Draft. Request made by Caja de Ahorros
Circular 48 (2011) Submittal of information through ITBANK System due to the Anniversary of the Foundation of Panama City.
Circular 47 (2011) Information Request – Financial Atom of Currency Positions AT14 and SB14 Chart.
Circular 46 (2011) Mint and Circulation of the new B/.1.00 coin
Circular 45 (2011) Rule No. 2-2010 – Banks Ratings Publication – Circular No. 25-2010
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)
Circular 43 (2011) New directors appointed within the Superintendency of Banks
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)
Circular CF DL 9-97 3-2011 (2011) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002)
Circular 42 (2011) Applicable formula to calculate nominal and effective interest rates, Rule No. 1-2011.
Circular 41 (2011) Rule No. 4-2010 – Letter to Management issued by External Auditors
Circular 40 (2011) Submittal of Information. Stop payment of certain checks. MMG Bank Corporation + nota enviada por MMG Bank Corporation
Circular 39 (2011) Submittal of Information. Stop payment of certain checks. Towerbank International, Inc. + nota enviada por Towerbank International, Inc.
Circular 38 (2011) Invitation to attend the presentation “Operating Risk Standard Conceptual Framework Proposal”
Circular 37 (2011) General Information Atom (AT05) Rule 12-2002 and General Resolution 2-2009
Circular 36 (2011) Due diligence to the applied to the Costa Rican citizen Olman Rimola Castillo – and Rimola Market Research
Circular 35 (2011) Stop payment of one (1) Banker’s Draft. Bancafé (Panamá), S.A. + nota enviada por Bancafé
Circular 34 (2011) Due diligence applied to SALUDCOOP/Colombia.
Circular 33 (2011) Due diligence applied to SALUDCOOP/Colombia.
Circular 32 (2011) Rule No. 004-2011.
Circular 31 (2011) Submittal of information to the Superintendency due Holy Week and Labor Day.
Circular 30 (2011) Business Schedule. Superintendency of Banks.
Circular 29 (2011) Business Schedule. Superintendency of Banks.
Circular 28 (2011) Consolidated List.
Circular 27 (2011) Libyan Arab Jamahiriya.
Circular 26 (2011) Libyan Arab Jamahiriya
Circular CF DL 9-97 1-2011 (2011) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002)
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)
Circular 25 (2011) Consolidated List.
Circular 24 (2011) Stop payment of two (2) Banker’s Draft. Banco Universal, S.A.
Circular 23 (2011) Rule No. 003-2011
Circular 22 (2011) Submittal of Information. Stop payment of certain checks. The Bank of Nova Scotia (Scotiabank).
Circular 21 (2011) Submittal of information to the Superintendency due Carnival holidays.
Circular 20 (2011) General Resolution No. 001-2011
Circular 19 (2011) Updating of Consolidated List
Circular 18 (2011) Stop payment of one (1) Banker’s Draft issued by Banco Delta, S.A. (BMF)
Circular 17 (2011) Updating of Consolidated List
Circular 16 (2011) Circular 63-2010/Report of Fraud in Electronic Channels
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.
Circular 14 (2011) Circular No. 42-2009
Circular 12 (2011) Working Schedule. Superintendency of Banks.
Circular 11 (2011) Rule No. 002-2011
Circular 10 (2011) Presentation. Results and projections of the International Banking Center
Circular 08 (2011) Stop payment of one (1) Banker’s Draft issued by Banco Bilbao Vizcaya Argentaria (Panamá), S.A. (BBVA)
Circular 06 (2011) Updating of Consolidated List
Circular 05 (2011) Resolution J.D. No. 001-2011
Circular 04 (2011) Submittal of Information. Stop payment of one hundred (100) checks. Banco Trasatlántico, S. A.
Circular 03 (2011) Submittal of Statistical Information
Circular 02 (2011) Rule No. 001-2011
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)
Circular 01 (2011) Submittal of information through ITBank System due to Martyr’s Day (January 9th).
Circular CF DL 9-97 1-2011 (2011) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002).

Circulars 2010

Circular	Download
Circular 67 (2010) Rule No. 009-2010
Circular 66 (2010) 2011 Clearing House Calendar. Banco Nacional de Panamá
Circular 64 (2010) Rule No. 008-2010
Circular 63 (2010) Reporting of Fraud in Electronic Channels
Circular 62 (2010) Circular No. 50-2004, Circular No. 57-2009, and Executive Decree No. 246 of 2004.
Circular 61 (2010) Submittal of Information. Stop payment of one hundred and forty-nine (149) checks. Banco Trasatlántico, S.A.
Circular 60 (2010) General Resolution No. 001-2010
Circular 59 (2010) Submittal of information through the ITBank System due to Mother’s Day, Christmas and New Year’s Celebration
Circular 58 (2010) Rule No. 007-2010
Circular 57 (2010) Stop payment of one (1) Banker’s Draft issued by CAJA DE AHORROS
Circular 56 (2010) Rule No. 6-2010
Circular 55 (2010) Rule No. 4-2010
Circular 54 (2010) Stop payment of thirty-four (34) Checks. Banco Universal, S. A.
Circular 53 (2010) Submittal of information through ITBANK System due to National Holidays.
Circular 52 (2010) Stop payment of one (1) Banker’s Draft issued by BANCAFÉ (PANAMÁ), S. A.
Circular 51 (2010) Updating of Consolidated List.
Circular 50 (2010) Politically Exposed Persons (PEPs).
Circular 49 (2011) Rule No. 005-2010
Circular 48 (2010) RUC or ID Card Format
Circular CF DL 9-97 4-2010 (2010) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002)
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)
Circular 47 (2010) Survey on Fees and Charges
Circular 46 (2010) Press Release issued by the Financial Action Task Force (FATF)
Circular 45 (2010) Bank’s General Information Atom (AT05)
Circular 44 (2010) Rule No. 004-2010
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.)
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)
Circular 41 (2010) Board of Directors’ Resolution No. 036-2010
Circular 40 (2010) Prevention of the Improper use of Banking and Trust Services (Agreement 12-2005).
Circular 39 (2010) Stop payment of one (1) Banker’s Draft issued by CAJA DE AHORROS
Circular 38 (2010) Roseville Investments, S.A. and Tremaine Corp
Circular 37 (2010) Submittal of Liquidity Atoms AT10 and Weekly EVAP.
Circular CF DL 9-97 3-2010 (2010) Loans for Casco Antiguo Revitalization (Decree-Law No. 9/1997 and Law 4/2002)
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)
Circular 35 (2010) Stop payment of one (1) Banker’s Draft issued by CAJA DE AHORROS
Circular 34 (2010) Records Review and/or Update Plan
Circular 33 (2010) Cross-border Cash Transfer.
Circular 32 (2010) Derivatives Survey
Circular 31 (2010) Stop payment of one (1) Banker’s Draft issued by CAJA DE AHORROS.
Circular 30 (2010) Stop payment of one (1) Banker’s Draft issued by BANCAFÉ (PANAMÁ), S.A.
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
Circular 27 (2010) Submittal of Liquidity Atom AT10 and Weekly EVAP
Circular 26 (2010) Law 81 of 2009 and Circular No.13-2010.
Circular 25 (2010) Agreement No. 002-2010.
Circular 24 (2010) Submittal of Liquid Atoms AT10 and Weekly EVAP
Circular 23 (2010) Transfer of Liquid Funds to the Banco Nacional de Panamá
Circular 22 (2010) Circular No. 48-2007
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
Circular 18 (2010) 2009 Results of the IBC
Circular 17 (2010) Liquidity and EVAP Chart
Circular 16 (2010) Agreement No. 002-2010
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
Circular 06 (2010) 2010 Calendar of the Banco Nacional de Panamá – Clearing House
Circular 04 (2010) Law 49 of 2009 “Whereby the Fiscal Code is amended and other tax measures are adopted.”
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 63 (2009) Rule No. 10-2009 on the frequency for the submission of the legal liquidity index calculation report
Circular 62 (2009) Request for Information
Circular 61 (2009) UAF-SOS Form
Circular 60 (2009) Submission of the Biweekly Liquidity Atoms AT10, LS02, and the EVAP Table
Circular 59 (2009) Submission of Audited Financial Statements
Circular 58 (2009) Circular No. 8-2009 (Lines of Credit received from Correspondents)
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
Circular 47 (2009) Agreement No. 3-2009
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.
Circular 40 (2009) Agreement No. 8-2009
Circular 39 (2009) Banking System Exposure Survey on credit facilities to Public Officials
Circular 38 (2009) Agreement No. 7-2009
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
Circular 28 (2009) System of Transfer of Information and the new ITBank
Circular 27 (2009) Atom of Guarantee Structure
Circular 26 (2009) Modifications made to the Consolidated List.
Circular 25 (2009) Agreement No. 3-2009
Circular 24 (2009) Preventive Measures for possible A (H1N1) Flu Pandemic
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
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
Circular 16 (2009) Proposed Structure for the Atom of Guarantees
Circular 15 (2009) Agreement No. 1-2009, Derogation of Agreement No. 8-2008
Circular 14 (2009) Vital Records and Juridical Acts Certification Requests
Circular 13 (2009) Seizure of Administrative and Operating Control of Stanford Bank (Panamá), S.A.
Circular 12 (2009) Access to the 2008 IBC Presentation
Circular 11 (2009) Circular No. 6-2009. Liquidity Report and EVAP Weekly Table
Circular 10 (2009) 2009 Training Timetable
Circular 9 (2009) Presentation of the IBC report
Circular 8 (2009) Compliance Officer
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
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) Certification of Commercial and Industrial Activities by means of the Notice of Operation (Law 5 of 2007)
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.
Circular 61 (2006) General Resolution No. 1-2006 – Inspection Tariffs
Circular 60 (2006) For the relevant purposes, this Superintendency hereby informs you that the United States Treasury Department has announced...
Circular 59 (2006) Circular No. 55 of September 22, 2006.
Circular 58 (2006) National Savings Week
Circular 57 (2006) Statistical Directory Update
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...
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...
Circular 54 (2006) This Superintendency hereby informs you that the United States Treasury Department appointed and froze the assets of two financial companies...
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...
Circular 53 (2006) Islamic Resistance Support Organization (IRSO).
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...
Circular 52 (2006) Iranian Bank Saderat.
Circular 51 (2006) Publication by the United Nations Office against Drugs and Crime
Circular 50 (2006) Abd A-Hamid Sulaiman Al-Mujil and the Philippine branch of the International Islamic Relief Organization (IIRO)
Circular 49 (2006) New Superintendent of Banks.
Circular 48 (2006) We hereby notify Panama's Banking Center that on our website we have
Circular 47 (2006) We hereby inform you regarding the content of Article 128 of Law 22 of June
Circular 46 (2006) New Main Switchboard telephone and fax numbers
Circular 45 (2006) State Phone Numbering Plan
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...
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...
Circular 43 (2006) Circular No. 017-2005 Ivory Coast.
Circular 42 (2006) New numbers for the Phone System
Circular 39 (2006) Update to the OFAC list.
Circular 38 (2006) Global Portfolio Rating (GPR) Circular No. 061-2005.
Circular 37 (2006) BAN05 Table. Account Plan Capital Adequacy.
Circular 36 (2006) Request for resubmitting information through the Transfer System.
Circular 34 (2006) Circular No. 025-2006.
Circular 33 (2006) Email System
Circular 32 (2006) Local Market Inter-Bank Reference Rate
Circular 31 (2006) International Conference on Financial Security and Organized Crime
Circular 30 (2006) Due Diligence on Customer.
Circular 29 (2006) Period for Sending Information
Circular 28 (2006) BA’ASYIR, Abu Bakar; GUNAWAN, Gun Gun Rusman; RIFKI, Ta
Circular 27 (2006) Global Portfolio Rating (GPR)
Circular 26 (2006) Assertion of Misprint. Paragraph 2, Article 6 of Agreement 12-2005.
Circular 25 (2006) Information Transfer System, Version 4.0
Circular 24 (2006) Agreement No. 1-2006
Circular 23 (2006) Declarations of Cash and Quasi-Cash Transactions. Article 6, Agreement No.12-2005
Circular 22 (2006) Warning from the Department of the Treasury.
Circular 21 (2006) Change to the Working Day and Customer Service Schedule
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...
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...
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...
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...
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...
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
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.
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
Circular 14 (2006) Acceptance of high denomination bills
Circular 13 (2006) Route of the 2006 Carnival in Panama City
Circular 11 (2006) AHMED IDRIS NASREDDIN. Circular No. 035-2002.
Circular 10 (2006) Official Communication with Banks
Circular 9 (2006) Waiver, Abandonment or Settlement before the Superintendency of Banks
Circular 7 (2006) Presentation of 2005 Results – Projections for 2006
Circular 6 (2006) Information Transfer System – Weekly Liquidity Atom.
Circular 5 (2006) Monthly Subsidiary Report – BAN-02
Circular 3 (2006) RUC Format in Foreign Corporations
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
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)
Circular 1 (2006) International Financial Information Standards (IFIS). Submittal of Financial Statements.
Circular CF-DL9-97 1-2006 (2006) Loans for the Restoration of the Old Quarter (Decree Law No.9/1997 and Law 4/2002).

Circulars 2005

Circular	Download
Circular 72 (2005) Customer service.
Circular 71 (2005) Agreement No. 12-2005 and Special Agreement No. 12-2005 E.
Circular 70 (2005) Suspension of customer service.
Circular 69 (2005) Information Transfer System, Table SB25 on Risk Rating.
Circular 68 (2005) 2006 Calendar for the submittal of Atoms, BAN tables and other prudential reports
Circular 67 (2005) Agreement No. 11-2005.
Circular 66 (2005) HAPILON, Isnilon Totoni, SAHIRON, Radulan, and SALI Jr., Jainal Antel.
Circular 65 (2005) Construction Financing
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
Circular 46 (2005) Monthly Subsidiary Report – BAN02
Circular 44 (2005) Moroccan Combatant Group or Groupe Islamique Combattant Marocain (GICM).
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)
Circular 40 (2005) Loans protected by Preferred Interest Laws.
Circular 39 (2005) Agreement No. 06-2005.
Circular 38 (2005) Movement for Islamic Reform in Arabia (MIRA Group) to your List No. 70T of individuals and/or entities
Circular 37 (2005) Certification of OFAC List Revision and changes in Enforcement Officers
Attachment Circular 37 (2005) OFAC Certification
Circular 36 (2005) Technical and functional inquiries related to the Information Transfer System
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)
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
Circular 35 (2005) Transfer System, Version 3.0
Circular 34 (2005) RUSDAN, Aby; ZULKARNAEN AND PITONO, Joki, have been added to List No. 71 of individuals and/or entities.
Circular 33 (2005) JIHAD Islamic Group is added to List No. 72 of individuals and/or entities.
Circular 32 (2005) Agreement No. 05-2005 of may 18, 2005.
Circular 31 (2005) Global Portfolio Classification (GPC)
Circular 30 (2005) ELEHSSAN is added to your organization, in List No. 70 of individuals and/or entities.
Circular 29 (2005) Audited Financial Statements (IFISs)
Circular 28 (2005) Inactivity fees
Circular 27 (2005) Circular N° 20-2005 and Circular N° 21-2005
Circular 26 (2005) MULTIBANKA AND VEF BANK.
Circular 25 (2005) LASHKAR E-TAYYIBA (LET).
Circular 24 (2005) IBRAHIM BUISIR.
Circular 23 (2005) BILAL AL-HIYARI.
Circular 22 (2005) Bank Calendar.
Circular 21 (2005) Monthly atoms, monthly BAN Tables And Prudential Reports of April.
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).
Circular 20 (2005) New 3.0 version of the Information Transfer System.
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).
Circular 19 (2005) Electronic Banking.
Circular 18 (2005) Press Release of the FSF.
Circular 17 (2005) COSTA DE MARFIL
Circular 16 (2005) General Resolution N° 001-2005
Circular 15 (2005) Financial Statements prepared by External Auditors.
Circular 14 (2005) MUHSIN AL-FADHLI
Circular 13 (2005) Agreement No. 4-2005.
Circular 12 (2005) KHADAFI ABUBAKAR JANJALANI
Circular 11 (2005) ADEL ABDUL JALIL BATTERJEE
Circular 10 (2005) SAAD RASHED MOHAMMAD AL-FAQUIH.
Circular 9 (2005) New Assistant Directors of Banking Supervision in situ and extra-situ
Circular 8 (2005) New Director of Banking Supervision
Circular 7 (2005) Agreement No. 01-2005.
Circular 6 (2005) Shaboom Investment, Inc. (Law No. 42 of 2000 and Agreement No. 9-2000).
Circular 5 (2005) SULAYMAN KHALID DARWISH
Circular 4 (2005) Divulgation of Credit Information Agreement 6-2000. Circular 30-2001
Circular 3 (2005) Agreements No. 2-2005 and 3-2005
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).
Circular 1 (2005) Politically Exposed Persons (PEPS)
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
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).

Circulars 2004

Circular	Download
Circular 54 (2004) Cedula number clarification
circular 48 (2004) Farfalla Investment, S.A., Gloria Isabel Mora Romero and Alberto Rojas
circular 46 (2004) Suspicious Operations Report Form and Stipulated Documentation
Circular 45 (2004) JAMA’AT AL-TAWHID WA’ALJIHAD (JTJ).
Circular 43 (2004) Haraimain Islamic Foundation
Circular 42 (2004) New Director of the Financial Analysis Unit for the Prevention of Money
Circular 38 (2004) Bank Calendar.
Circular 37 (2004) Information under the Superintendency’s Web Page.
Circular 36 (2004) Agreement 8-2000 modified by Agreement 10-2000. Circular 76-2000.
Circular 35 (2004) Securities as Substitution for loans.
Circular 34 (2004) Transference System, New Country Code in table SB03.
Circular 33 (2004) Banking Reserve of the Banks.
Circular 32 (2004) Certification of the Revision of the “OFAC” Internet site.
Circular 31 (2004) Basle II Technical Committee.
Circular 30 (2004) ABDELHEDI Mohamed Ben Mohamed, DARRAJI Kamel, EL MAHFOUDI Mohamed, JAMMALI Imed Ben Bechir, LOUBIRI Habib Ben Ahmed, TRABELSI Chabaane Ben Mohamed.
Circular 29 (2004) New Capital Agreement (Basle II).
Circular CF-DL9-97 3-2004 (2004) Loans for Restoring the City’s Old Quarter (Decree Law No. 9/1997 and Law 4/2002).
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).
Circular 28 (2004) Assad Ahmad Barakat and the Casa Apollo and Barakat Import Export, Ltda. Companies.
Circular 27 (2004) Hassan Abdullah Hersi al-Turki, a.k.a. Hassan Turki.
Circular 26 (2004) Islamic Haramain (Afghanistan, Albania, Bangladesh, Ethiopia, Holland) Foundation and ex-Haramain Leader, Aqeel Adbul Asis Al Agil.
Circular 25 (2004) Resolution No. 201-1210 of the General Directorate of Revenue of the Ministry of Economy and Finance.
Circular 24 (2004) Assets Acquired in Compensation for Pending Credits. Agreement No. 1-2000 and 8-2002, Circular No.19-2002.
Circular 23 (2004) Kamel DJERMANE, Ahmed ZERFAOUI, Dhou EL-AICH, Hacene ALLANE.
Circular 22 (2004) Al Furgan, Taibah International (Bosnia), and Al-Haramain & Al Masjed Al-Aqsa Charity Foundation.
Circular 21 (2004) UAF-1 (FIU-1) Documents must include a certified true copy seal, May 18th 2004.
Circular 20 (2004) Rights established by Law No.6 of June 16, 1987.
Circular CF-DL9-97 2-2004 (2004) Preferential Mortgage Loans for Restoration (Decree Law No.9 of 1997, Circular CBN No.13-97).
Circular CFL 3-85 2-2004 (2004) Residential Mortgages Loans (Law 3/85, 11/90, 5/94, 28/95, 30/99 and 50/99).
Circular 19 (2004) Personnel in charge in the absence of the Compliance Official.
Circular 18 (2004) New Juridical Director and New Secretary General
Circular 17 (2004) Re-sending Bank Tables BAN02 of 2003
Circular 16 (2004) Monthly Reports for March 2004.
Circular 15 (2004) Quarterly Remitting of Reports of Economic Groups and Related Parties (Table BAN03).
Circular 14 (2004) Al-Zindani
Circular 13 (2004) Changing name of Management Control Unit to Compliance Unit
Circular 12 (2004) Weekly Remittance of Reports during the Carnival period (Monday February 23rd and Wednesday 25, 2004).
Circular 11 (2004) 2004 Calendar of the System for Transferring Information and other Printed Reports
Circular 10 (2004) Quarterly Remittance of Capital Adequacy (Table BAN05).
Circular 9 (2004) Route of “Tourism 2004 Carnival”
Circular 8 (2004) Four branches of the Al-Haramain Organization
Circular 7 (2004) Update of the Committee of Sanctions 1267 of the United Nations on Sulaiman Jassem Sulaiman Abo Ghaith
Circular 6 (2004) Notifications from the Superintendency of Banks
Circular 5 (2004) Transmittal of Economic Groups, Related Parts and Capital Adaptation for the last trimester of 2003
Circular 4 (2004) Circular No. 14-2003 of April 23, 2003 (Remission of Atom corresponding to the month of fiscal closure)
Circular 3 (2004) Submission of information through Atoms
Circular 2 (2004) Addition of four pseudonyms for LT and three for JEM
Circular 1 (2004) Updates to Executive Decree No. 13224 on Safet Durguti, Vazir y Hochburg Ags
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
Circular 67 (2003) Modifies Circular No. 66-2003
Circular 66 (2003) Special Work Hours during Christmas and New Year Holidays
Circular 65 (2003) Requests for authorization to re-submit information
Circular 64 (2003) Remission of Agreement No. 9-2003
Circular 63 (2003) Enquiry about Status of the Information Remitted
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
Circular 61 (2003) “Know your Client” Policy, related to Executive Order Resolution 13224
Circular 60 (2003) Updates to Executive Order Resolution 13224
Circular 59 (2003) Due days and months
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
Circular 56 (2003) Agreement No. 6-2003, Modification to Agreement No. 2-2003 of Microfinance Banks
Circular 55 (2003) Submission of Weekly Cash Atom (AT11)
Circular 54 (2003) Weekly Liquidity Atom (AT10)
Circular 53 (2003) Submission of the Weekly Liquidity Atom
Circular 52 (2003) MUJAHEDIN-E-KHALQ Organization
Circular 51 (2003) WALDENBERG AG Organization
Circular 50 (2003) Release from the INTERPOL National Central Office of Panama.
Circular 46 (2003)
Circular 45 (2003) HAMAS Organization
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.
Circular 43 (2003) Technology Consults
Circular 42 (2003) Restrictions of Code 9999 for Monthly and Weekly Liquidity Atoms and for Table BAN 04 Liability Component
Circular 41 (2003) Verification of OFAC list (Law 42 of 2000, Agreement 9 – 2000, Circular Letter N°28-2003)
Circular 40 (2003) Fiscal Equity Law
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.
Circular 36 (2003) Violation of Title V of Decree Law 9 of February 26 of 1998
Circular 35 (2003) Good and Rights under Trust Management
Circular 34 (2003) Compliance with Decree Law 1 of 1999
Circular 33 (2003) Press release issued by BIS
Circular 32 (2003) Audited Consolidated Financial Statements
Circular 31 (2003) Election Court provisions
Circular 30 (2003) OFAC List Updated
Circular 29 (2003) Dollar bills stained with red ink
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)
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
Circular 20 (2003) Specially Designated Nationals and Blocked Persons List -SDN- of the OFAC
Circular 19 (2003) Out of Balance Credit Operations and Others
Circular 18 (2003) “Know your Client” Policy. (Article 1, Law 42 of 2000; Agreement 9-2000)
Circular 17 (2003) 6-2000 Global Portfolio Classification
Circular 16 (2003) FINCEN
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) Models for the Security Bonds required to guarantee compliance with obligations to Public Entities
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) FATF Report on the latest methods and trends of Money Laundering and Terrorist Financing
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
Circular 5 (2002) Request for Information on judicial proceedings
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
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
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
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
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 42 (1999) Calendar for the Suspension of Customer Service by the Banking System (Arts. 157 and 17 paragraph 18, DL 9-98; Circulars 22-98 and 16-99)
Circulars 41 (1999) 2000 Calendar for the suspension of Customer Service by the Banking System
Circulars 40 (1999) Starting date of current Superintendent of Banks
Circulars 39 (1999) Appointment of Interim Superintendent of Banks
Circulars 38 (1999) Closure Schedule (Arts. 152 and 17 Number 18), D.L. 9/98; Circulars 22-98 and 16-99
Circulars 37 (1999) Non-business day
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
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)
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
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)
Circulars 26 (1999) Banks’ Contingency Plans
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)
Circulars 23 (1999) Term to inform about choosing between AIS and US-GAAP
Circulars 22 (1999) Income Statement
Circulars 21 (1999) New Board of Directors of the Superintendency of Banks
Circulars 20 (1999) Circular No. 10-99
Circulars 19 (1999) Description of National Banking System’s Household Mortgage loans
Circulars 18 (1999) Term for the submittal of monthly Balance Statement and Income Statement. (Article 58, Number 1, D.L. 9 of 1998)
Circulars 17 (1999) Electronic Records Management (Law 11 of 1998, E.D. 57 of 1999; Circular CBN9-98)
Circulars 16 (1999) 1999 Banking Center’s Closure Schedule
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
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
Circulars 6 (1999) Custody of Banks’ Operations Documentation (General Resolution No. 1-99)
Circulars 5 (1999) Accounting International Standards (Rule 3-98, General Resolutions No. 2-98 and 3-98, Circular No. 18-98)
Circulars 4 (1999) Usual Operations
Circulars 3 (1999) Relocation of the Administration and Finance Division offices
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).
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.
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

Resolutions

Resolution 2013

Resolution	Download
Resolution No. 37 (2013) To recognize the transfer of shares from Merrill Lynch Bank (Suisse), S.A. to Julius Baer Group Ltd., Zurich resulting in change of control of the Representative Office of Merrill Lynch Bank (Suisse), S.A. in the Republic of Panama
Resolution No. 35 (2013) To authorize Caja de Ahorros to move its branch office located in “Mercado,” David, province of Chiriqui, to its new branch office located on Via Panamericana, next to the Terronal Mall, David, province of Chiriqui
Resolution No. 33 (2013) To recognize the transfer of 51% of the shares of Banco Pichincha Panamá, S.A., pursuant to the terms established in the transaction agreed to by Banco Pichincha C.A. (Ecuador) and Diners Club Perú, S.A.
Resolution No. 28 (2013) To authorize Towerbank International, Inc. to move its headquarters located in the Tower Plaza Bldg. on Calle 50 to its new headquarters located on the Ground Floor, Mezzanine and 11th floor of the Tower Financial center Building, Calle 50, as of 15 March 2013.
Resolution No. 21 (2013) To authorize Banco General, S.A. the use of nonbanking correspondents, through its electronic channel “BG Express.”
Resolution No. 20 (2013) To grant Lombard Odier & Cie (Bahamas) Ltd. a ninety- (90) day temporary permit in order to formalize the documents required for its establishment and registration in Panama, so it may subsequently apply for a Representation License
Resolution No. 16 (2013) To authorize the transfer within the same Economic Group of 99.98% of the shares of LA HIPOTECARIA, S.A. de C.V. (EL SALVADOR) from LA HIPOTECARIA (HOLDING), INC. (BVI) to BANCO LA HIPOTECARIA, S.A.
Resolution No. 15 (2013) To authorize the transfer of all shares belonging to Inversiones Timón, S.A.S., Inversiones Carrón, S.A.S., Comercial Camacho Gómez, S.A.S. and Kresge Stock Holding Company Inc. and representing 100% of the shares of Helm Bank, S.A. to Banco Corpbanca, S.A. pursuant to the terms established in the proposed transaction resulting in the indirect transfer of the shares of Helm Bank (Panamá), S.A.
Resolution No. 14 (2013) To grant Banco de Bogotá, S.A. a General Banking License to engage in the Banking Business anywhere in the Republic of Panama and to execute transactions to be concluded, consummated or have effect abroad, and to carry out any other activities the Superintendency may authorize
Resolution No. 5 (2013) To authorize HSBC Bank (Panamá), S.A. to move its branch office located in Suite CF-02 of Multiplaza Pacific Mall, to its new branch office located in Suite CBC-05 of the third phase of Multiplaza Pacific Mall as of January 2013.
Resolution No. 4 (2013) To authorize the sale of ROMANA CORPORATION C.V.’s total holdings in INTERNATIONAL UNION BANK, S.A., representing 37.5% of the shares of INTERNATIONAL UNION BANK, S.A.
Resolution No. 02 (2013) Change of corporate name – Unibank

Resolution 2012

Resolution	Download
Resolution No. 0163 (2012) To rescind and cancel Resolution 5-79 whereby BANCO TRASATLÁNTICO, S.A. was granted a General License
Resolution No. 0162 (2012) To grant Banco Ficohsa (Panamá), S.A. a General License to engage in the banking business within the Republic of Panama, as well as to execute transactions to be concluded, consummated or have effect abroad, and to carry out any other activities the Superintendency may authorize
Resolution No. 0161 (2012) To authorize MERCANTIL BANK (PANAMA), S.A. to change its corporate name.
Resolution No. 0160 (2012) To authorize BANCO TRASATLÁNTICO, S.A. to close its branch office located in Colon Free Zone – Ref. Merger of BALBOA BANK & TRUST, CORP. and BANCO TRASATLÁNTICO, S.A.
Resolution No. 0158 (2012) Whereby the Caja de Ahorros is authorized to move its branch office located in Cristobal, province of Colon
Resolution No. 0154 (2012) To authorize the merger by absorption of BALBOA BANK & TRUST, CORP. and BANCO TRASATLÁNTICO, S.A.
Resolution No. 0153 (2012) To authorize the transfer of one hundred percent (100%) of the shares of SOCIÉTÉ FINANCIÉRE DES ANTILLES, N.V. to Banesco, S.A.
Resolution No. 0151 (2012) To grant Banco Universal, S.A. an additional three (3) months period to formalize and file the Merger by Absorption Agreement entered into by and between Banco Universal, S.A. and Inmobiliaria Universal 50, S.A., previously authorized by Resolution S.B.P. 93-2012 dated 6 August 2012, in the Public Registry
Resolution No. 0150 (2012) To authorize Multibank, Inc. to convert Macrofinanciera, S.A. Compañía de Financiamiento into a bank under the Colombian jurisdiction
Resolution No. 0149 (2012) To authorize Banco Panamá, S.A. to close its branch office located in the Banking District on Avenida Manuel María Icaza, Urbanización Campo Alegre and its branch office located on Calle 50 between Calle 73 and 74, San Francisco, Panama City as of 7 December 2012 and 5 January 2013, respectively
Resolution No. 0148 (2012) Whereby the Caja de Ahorros is authorized to move its branch office located in Brisas del Golf
Resolution No. 0140 (2012) To authorize Banco General, S.A. to move its branch office located in Multiplaza Pacific Mall to its new branch office located in Suite CBC03, Level 200 of the third phase of Multiplaza Pacific Mall, as of 4 December 2012
Resolution No. 0136 (2012) To authorize Caja de Ahorros to close its branch office located in Centro Comercial Los Pueblos, Panama City, from 9 November 2012 to 15 April 2013 due to remodeling
Resolution No. 0134 (2012) To grant Banco de Bogotá, S.A. a ninety (90) day TEMPORARY PERMIT in order to formalize the documents required for its organization and registration in Panama and to file them in the Public Registry
Resolution No. 0133 (2012) To authorize the transfer of 100% of the shares of BANCO TRASATLÁNTICO, S.A. to STRATEGIC INVESTORS GROUP, INC. a company holding 100% of the shares of BALBOA BANK & TRUST, CORP.
Resolution No. 0129 (2012) To authorize Credicorp Bank, S.A. to move its branch office located in the Rock City Building on Avenida Eusebio A. Morales, next to Vía España, to its new branch office located in Building 218 on Vía España, Panama City, as of 15 October 2012
Resolution No. 0126 (2012) To grant Banco Internacional del Perú, S.A.A. – Interbank an extension until 30 June 2013 of the authorization to temporarily share the offices of Inteligo Bank, Ltd. This authorization excludes customer service area and staff.
Resolution No. 0125 (2012) Whereby Banco de Bogotá, S.A. is authorized to change its corporate name to Banco de Bogotá (Panamá), S.A.
Resolution No. 0123 (2012) To authorize Banco Nacional de Panamá to move its branch office located in Anton – Province of Cocle
Resolution No. 0115 (2012) To authorize Banco Nacional de Panamá to move its branch office located in the district of Sona, Province of Veraguas, to its new location next to Moda Max on the same plot of land as the previous branch office, on the National Highway in Sona, as of 24 September 2012
Resolution No. 0114 (2012) Banco del Pacífico (Panamá), S.A.’s change of license, from an international license to a general license
Resolution No. 106 (2012) To grant PKB BANCA PRIVADA (PANAMÁ), S.A. an International License to execute, from an office established in Panama, transactions to be concluded, consummated or have effect abroad and perform any other activities the Superintendency may authorize
Resolution No. 99 (2012) To authorize HSBC BANK (PANAMÁ), S.A. to close its branch office located at the Albrook Mall Bus Terminal as of 27 August 2012
Resolution No. 98 (2012) To authorize BANCAFÉ (PANAMÁ), S.A. to change its commercial name to BANCO DAVIVIENDA (PANAMÁ), S.A.
Resolution No. 97 (2012) To authorize BANCOLOMBIA (PANAMÁ), S.A. – Subsidiary and BANCOLOMBIA, S.A. – Branch to permanently share offices and personnel except those related to customer services.
Resolution No. 96 (2012) To grant BANCOLOMBIA, S.A. a General Banking License to engage in the Banking Business through the Republic of Panama.
Resolution No. 95 (2012) To authorize HSBC Bank (Panamá), S.A. to close its branch office located on Vía Argentina, Panama City, as of 11 August 2012.
Resolution No. 94 (2012) To authorize BNP Paribas – Panama Branch, currently under a voluntary liquidation, to move its branch office located in San Francisco, Urbanización Punta Pacífica, Torre de las Américas – Tower B, 15th floor, suite 1523 to an office located on Calle 50, Plaza 2000 Building, 16th floor, where the offices attorneys at law Arias, Fábrega y Fábrega are located, as of 6 August 2012.
Resolution No. 88 (2012) To authorize HSBC Bank (Panamá), S.A. to close its branch offices located on Camino Real Bethania, across from the Súper 99, Panama City and the branch office located at Barriada Chanis, beside Blockbuster, Panama as of 11 August and 31 August 2012, respectively.
Resolution No. 82 (2012) To authorize Metrobank, S.A. to move its branch office located at Plaza Los Ángeles, Vía Ricardo J. Alfaro, Panama City to its new branch office location at Centro Comercial La Galería, Vía Ricardo J. Alfaro, suites 4 and 5, Panama City, as of 21 July 2012.
Resolution No. 77 (2012) To grant PKB Banca Privada (Panamá), S.A. a ninety (90) day TEMPORARY PERMIT in order to formalize and file the required documents for its organization and registration in the Public Registry, for the purpose of subsequently applying for an International Banking License
Resolution No. 76 (2012) To authorize HSBC Bank (Panamá), S.A. to close its branch offices located on: a) Avenida Chiriqui, Puerto Armuelles, province of Chiriqui, and b) Via Interamericana, Santiago, province of Veraguas as of 20 and 21 July 2012
Resolution No. 75 (2012) To authorize HSBC Bank (Panamá), S.A. to close its branch offices located on: a) Avenida Chiriqui, Puerto Armuelles, province of Chiriqui, and b) Via Interamericana, Santiago, province of Veraguas as of 20 and 21 July 2012
Resolution No. 73 (2012) To authorize Banco Panameño de la Vivienda, S.A. to move its branch office located across from Hotel Toledo, Avenida 9 de Enero and Calle E Norte, David, Chiriqui to its new branch office located at 11700 Avenida Domingo Diaz, between Calle D and E Norte, province of Chiriqui, as of 7 July 2012
Resolution No. 70 (2012) To authorize HSBC Bank (Panamá), S.A. to close its branch office located on Avenida Primera Oeste, Bugaba, Province of Chiriqui.
Resolution No. 61 (2012) To authorize Banco Davivienda, S.A. to purchase the shares of the subsidiary companies Grupo del Istmo (Costa Rica), S.A., Inversiones Financieras HSBC Sociedad Anónima, Banco HSBC Honduras, S.A. and Seguros HSBC Honduras, Sociedad Anónima owned by HSBC Bank (Panamá), S.A. pursuant to the provisions of the Share Purchase Agreement entered into by both parties.
Resolution No. 58 (2012) To authorize Banco Citibank (Panamá), S.A. to move its branch office located inside the facilities of Procter & Gamble on the first floor of the West Tower of the Business Park Building, Urbanización Costa del Este, province of Panama, to its new branch office located inside the facilities of Procter & Gamble on the third floor of Tower “V” of the Business Park Building in Urbanización Costa del Este, province of Panama, as of 21 May 2012
Resolution No. 52 (2012) To authorize ST. GEORGES BANK & COMPANY, INC. to move its branch office located in suite 10-D of Centro Comercial Los Pueblos 2000, Juan Díaz, to its new branch office located in suite #29 of P.H. Centro Comercial Los Pueblos 2000, Juan Díaz, Province of Panama, as of 26 May 2012
Resolution No. 51 (2012) To grant BANCOLOMBIA, S.A. a ninety (90) day TEMPORARY PERMIT to formalize and file the documents related to its organization and registration in Panama in the Public Registry, for the purpose of subsequently applying for a General Banking License
Resolution No. 50 (2012) To authorize Multibank, Inc. to move its branch office located on the ground floor of the Del Cid building on Avenida 17 de Abril and Finca No. 1, Changuinola, Province of Bocas del Toro, to its new branch office located in suite 5 of Plaza Changuinola, on Fincas No. 11 to No. 6, Changuinola, Province of Bocas del Toro
Resolution No. 47 (2012) To authorize MULTIBANK, INC. to establish a bank subsidiary (wholly owned by MULTIBANK, INC.) in the Cayman Islands, under a type “B” Banking License.
Resolution No. 44 (2012) To authorize Credicorp Bank, S.A. to close its Multiplaza Branch located at Multiplaza Pacific Mall/Paitilla, Province of Panama, as of 9 April 2012
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. 35 (2012) To grant ALLBANK CORP. a six (6) month extension to initiate operations as a General License Banks
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. 23 (2012) To rescind Resolution SBP 053-2010 dated 8 March 2010, whereby an International License to engage in the banking business from the Republic of Panama was granted to BANCA PRIVADA D’ANDORRA, S.A. – Branch Office – and to cancel this License
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
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
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
Resolution 131 (2011) To grant ALLBANK CORP. a General Banking License to engage in the Banking Business within or from the Republic of Panama.
Resolution 128 (2011) To authorize to Banco de Guayaquil (Panamá), S.A. to change its corporate name to BANISI, S.A.
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.
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.
Resolution 121 (2011) To authorize to Banco Universal, S.A. to move its branch located at Plaza Palermo
Resolution 121 (2011) To authorize to Banco Universal, S.A. to move its branch located at Plaza Palermo
Resolution 120 (2011) To authorize to the Bank of Nova Scotia (Scotiabank) to move its branch located at Pancanal Plaza
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
Resolution 116 (2011) To authorize to Banque Safdié, S.A to close its Representative Office located in the Republic of Panama.
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
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.
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
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.”
Resolution 076 (2011) To grant to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION a Representation License to establish, exclusively, a Representative Office in Panama
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
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.
Resolution 061 (2011) Representation License application of JP Morgan Chase Bank, National Association
Resolution 058 (2011) Voluntary Liquidation request submitted by Banco de Finanzas (Internacional), S.A.
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…
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…
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.,
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…
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…
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)…
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…
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…
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…
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....
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…
Resolution 007 (2011) To authorize to Banco Latinoamericano de Comercio Exterior, S.A. (BLADEX) to open a representative office in Bogota, Colombia
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…
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, ...
Resolution 002 (2011) To authorize to CITIBANK, N.A. and BANCO CITIBANK (PANAMÁ), S.A. to definitively share their offices and staff
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, …

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.
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.
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.
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
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
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...
Resolution 227 (2010) To authorize to UNI BANK & TRUST, INC. to use the name “UNIBANK” as trade name.
Resolution 222 (2010) By means of which all duties inherent to the position of Secretary were assigned to Mrs. Maria del Carmen Chang
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.
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.....
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
Resolution 212 (2010) By means of which Caja de Ahorros was authorized to move its branch located in Avenida Tocumen, Centro Comercial Los Portales
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...
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...
Resolution 205 (2010) By means of which Societé Generale was authorized to close its representative office in the Republic of Panama
Resolution 201 (2010) By means of which Foreign Trade Bank of Latin America, S.A. (BLADEX) was authorized to open two (2) subsidiaries abroad.
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
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...
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.
Resolution 174 (2010) Banco Bolivariano (Panamá), S.A. – Moving Headquarters to Torre Las Américas. Published on Official Gazette 26616 of 8 September 2010.
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.
Resolution 166 (2010) HSBC Bank (Panamá), S.A. Moving Multicentro branch. Published on Official Gazette of 8 September 2010.
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.
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.
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,...
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,..
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,...
Resolution 155 (2010) To authorize to BAC International Bank, Inc., to move, in September 2010. Published on Official Gazette 26615 of 7 September 2010.
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.
Resolution 148 (2010) To authorize to Multibank, Inc., to move from 28 June 2010 onwards, its branch located in Edificio Melo – Paseo Enrique Geenzier...
Resolution 147 (2010) Temporary permit in favor of UNI BANK & TRUST, INC
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,...
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, ...
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.
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...
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.
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.
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...
Resolution 112 (2010) We authorized to BANCO INTERNACIONAL DEL PERU, S.A.A. – INTERBANK to temporary share their offices with INTELIGO BANK, LTD.
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.
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,...
Resolution 92 (2010) To authorize to STANFORD BANK (PANAMÁ), S.A. to change its trade name to BALBOA BANK & TRUST, CORP.
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,...
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...
Resolution 86 (2010) To authorize to BANCO CORFICOLOMBIANA (PANAMÁ), S.A. to move its Representative Office currently located in Cali, Colombia to Bogotá...
Resolution 84 (2010) To authorize to HSBC BANK (PANAMÁ), S. A., to establish a Representative Office in the Bolivarian Republic of Venezuela.
Resolution 81 (2010) Temporary permit granted to BANCO INTERNACIONAL DE PERÚ – INTERBANK
Resolution 78 (2010) Whereby the Superintendency of Banks TERMINATES AND STOPS, since 1 April 2010, the Reorganization of STANFORD BANK (PANAMÁ), S.A....
Resolution 72 (2010) To authorize to BANCA PRIVADA D’ ANDORRA, S.A., to use the name “BANCA PRIVADA D’ ANDORRA (PANAMÁ)” as trade name.
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.
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.
Resolution 67 (2010) To authorize to ST. GEORGES BANK & COMPANY, INC. to close its Loan Centers located in Farmacias Metro...
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....
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.
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...
Resolution 49 (2010) To authorize to Banco General, S.A., to close, from 18 March 2010, its branch located in Colon Free Zone...
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
Resolution 41 (2010) To extend the Reorganization period of Stanford Bank (Panamá), S.A.
Resolution 38 (2010) To authorize to Banco de Crédito del Perú, to move, starting on 12 February 2010, its offices
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...
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...
Resolution 28 (2010) Authorization to sell STANFORD BANK’S shares. Published on Official Gazette No. 26476-B of 24 February 2010.
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
Resolution 17 (2010) To authorize to ANDBANC (PANAMÁ), S.A., to use the Word “ANDBANC” as trade name.
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...
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....
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....
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.
Resolution 2 (2010) To change the name of the Trust Company Stanford Bank to Balboa Bank & Trust Corp.
Resolution 1 (2010) To authorize to BLUBANK LTD., to change its trade name to INTELIGO BANK LTD.

General Resolutions

Resolution 2013

Resolution	Download
SBP-RG-001-2013 Whereby the reporting requirements referred to in Article 28 of Rule 7-2011 on the annual report are broadened

Resolution 2012

Resolution	Download
Resolution No. 0163 (2012) To rescind and cancel Resolution 5-79 whereby BANCO TRASATLÁNTICO, S.A. was granted a General License
Resolution No. 0162 (2012) To grant Banco Ficohsa (Panamá), S.A. a General License to engage in the banking business within the Republic of Panama, as well as to execute transactions to be concluded, consummated or have effect abroad, and to carry out any other activities the Superintendency may authorize
Resolution No. 0161 (2012) To authorize MERCANTIL BANK (PANAMA), S.A. to change its corporate name.
Resolution No. 0160 (2012) To authorize BANCO TRASATLÁNTICO, S.A. to close its branch office located in Colon Free Zone – Ref. Merger of BALBOA BANK & TRUST, CORP. and BANCO TRASATLÁNTICO, S.A.
Resolution No. 0158 (2012) Whereby the Caja de Ahorros is authorized to move its branch office located in Cristobal, province of Colon
Resolution No. 0154 (2012) To authorize the merger by absorption of BALBOA BANK & TRUST, CORP. and BANCO TRASATLÁNTICO, S.A.
Resolution No. 0153 (2012) To authorize the transfer of one hundred percent (100%) of the shares of SOCIÉTÉ FINANCIÉRE DES ANTILLES, N.V. to Banesco, S.A.
Resolution No. 0151 (2012) To grant Banco Universal, S.A. an additional three (3) months period to formalize and file the Merger by Absorption Agreement entered into by and between Banco Universal, S.A. and Inmobiliaria Universal 50, S.A., previously authorized by Resolution S.B.P. 93-2012 dated 6 August 2012, in the Public Registry
Resolution No. 0150 (2012) To authorize Multibank, Inc. to convert Macrofinanciera, S.A. Compañía de Financiamiento into a bank under the Colombian jurisdiction
Resolution No. 0149 (2012) To authorize Banco Panamá, S.A. to close its branch office located in the Banking District on Avenida Manuel María Icaza, Urbanización Campo Alegre and its branch office located on Calle 50 between Calle 73 and 74, San Francisco, Panama City as of 7 December 2012 and 5 January 2013, respectively
Resolution No. 0148 (2012) Whereby the Caja de Ahorros is authorized to move its branch office located in Brisas del Golf
Resolution No. 0140 (2012) To authorize Banco General, S.A. to move its branch office located in Multiplaza Pacific Mall to its new branch office located in Suite CBC03, Level 200 of the third phase of Multiplaza Pacific Mall, as of 4 December 2012
Resolution No. 0136 (2012) To authorize Caja de Ahorros to close its branch office located in Centro Comercial Los Pueblos, Panama City, from 9 November 2012 to 15 April 2013 due to remodeling
Resolution No. 0134 (2012) To grant Banco de Bogotá, S.A. a ninety (90) day TEMPORARY PERMIT in order to formalize the documents required for its organization and registration in Panama and to file them in the Public Registry
Resolution No. 0133 (2012) To authorize the transfer of 100% of the shares of BANCO TRASATLÁNTICO, S.A. to STRATEGIC INVESTORS GROUP, INC. a company holding 100% of the shares of BALBOA BANK & TRUST, CORP.
Resolution No. 0129 (2012) To authorize Credicorp Bank, S.A. to move its branch office located in the Rock City Building on Avenida Eusebio A. Morales, next to Vía España, to its new branch office located in Building 218 on Vía España, Panama City, as of 15 October 2012
Resolution No. 0126 (2012) To grant Banco Internacional del Perú, S.A.A. – Interbank an extension until 30 June 2013 of the authorization to temporarily share the offices of Inteligo Bank, Ltd. This authorization excludes customer service area and staff
Resolution No. 0125 (2012) Whereby Banco de Bogotá, S.A. is authorized to change its corporate name to Banco de Bogotá (Panamá), S.A.
Resolution No. 0123 (2012) To authorize Banco Nacional de Panamá to move its branch office located in Anton – Province of Cocle
Resolution No. 0114 (2012) Banco del Pacífico (Panamá), S.A.’s change of license, from an international license to a general license
Resolution No. 106 (2012) To grant PKB BANCA PRIVADA (PANAMÁ), S.A. an International License to execute, from an office established in Panama, transactions to be concluded, consummated or have effect abroad and perform any other activities the Superintendency may authorize
Resolution No. 99 (2012) To authorize HSBC BANK (PANAMÁ), S.A. to close its branch office located at the Albrook Mall Bus Terminal as of 27 August 2012
Resolution No. 98 (2012) To authorize BANCAFÉ (PANAMÁ), S.A. to change its commercial name to BANCO DAVIVIENDA (PANAMÁ), S.A.
Resolution No. 97 (2012) To authorize BANCOLOMBIA (PANAMÁ), S.A. – Subsidiary and BANCOLOMBIA, S.A. – Branch to permanently share offices and personnel except those related to customer services.
Resolution No. 96 (2012) To grant BANCOLOMBIA, S.A. a General Banking License to engage in the Banking Business through the Republic of Panama.
Resolution No. 95 (2012) To authorize HSBC Bank (Panamá), S.A. to close its branch office located on Vía Argentina, Panama City, as of 11 August 2012.
Resolution No. 94 (2012) To authorize BNP Paribas – Panama Branch, currently under a voluntary liquidation, to move its branch office located in San Francisco, Urbanización Punta Pacífica, Torre de las Américas – Tower B, 15th floor, suite 1523 to an office located on Calle 50, Plaza 2000 Building, 16th floor, where the offices attorneys at law Arias, Fábrega y Fábrega are located, as of 6 August 2012.
Resolution No. 88 (2012) To authorize HSBC Bank (Panamá), S.A. to close its branch offices located on Camino Real Bethania, across from the Súper 99, Panama City and the branch office located at Barriada Chanis, beside Blockbuster, Panama as of 11 August and 31 August 2012, respectively.
Resolution No. 82 (2012) To authorize Metrobank, S.A. to move its branch office located at Plaza Los Ángeles, Vía Ricardo J. Alfaro, Panama City to its new branch office location at Centro Comercial La Galería, Vía Ricardo J. Alfaro, suites 4 and 5, Panama City, as of 21 July 2012.
Resolution No. 77 (2012) To grant PKB Banca Privada (Panamá), S.A. a ninety (90) day TEMPORARY PERMIT in order to formalize and file the required documents for its organization and registration in the Public Registry, for the purpose of subsequently applying for an International Banking License
Resolution No. 76 (2012) To authorize HSBC Bank (Panamá), S.A. to close its branch offices located on: a) Avenida Chiriqui, Puerto Armuelles, province of Chiriqui, and b) Via Interamericana, Santiago, province of Veraguas as of 20 and 21 July 2012
Resolution No. 75 (2012) To authorize HSBC Bank (Panamá), S.A. to close its branch offices located on: a) Avenida Chiriqui, Puerto Armuelles, province of Chiriqui, and b) Via Interamericana, Santiago, province of Veraguas as of 20 and 21 July 2012
Resolution No. 73 (2012) To authorize Banco Panameño de la Vivienda, S.A. to move its branch office located across from Hotel Toledo, Avenida 9 de Enero and Calle E Norte, David, Chiriqui to its new branch office located at 11700 Avenida Domingo Diaz, between Calle D and E Norte, province of Chiriqui, as of 7 July 2012
Resolution No. 70 (2012) To authorize HSBC Bank (Panamá), S.A. to close its branch office located on Avenida Primera Oeste, Bugaba, Province of Chiriqui.
Resolution No. 61 (2012) To authorize Banco Davivienda, S.A. to purchase the shares of the subsidiary companies Grupo del Istmo (Costa Rica), S.A., Inversiones Financieras HSBC Sociedad Anónima, Banco HSBC Honduras, S.A. and Seguros HSBC Honduras, Sociedad Anónima owned by HSBC Bank (Panamá), S.A. pursuant to the provisions of the Share Purchase Agreement entered into by both parties.
Resolution No. 58 (2012) To authorize Banco Citibank (Panamá), S.A. to move its branch office located inside the facilities of Procter & Gamble on the first floor of the West Tower of the Business Park Building, Urbanización Costa del Este, province of Panama, to its new branch office located inside the facilities of Procter & Gamble on the third floor of Tower “V” of the Business Park Building in Urbanización Costa del Este, province of Panama, as of 21 May 2012
Resolution No. 52 (2012) To authorize ST. GEORGES BANK & COMPANY, INC. to move its branch office located in suite 10-D of Centro Comercial Los Pueblos 2000, Juan Díaz, to its new branch office located in suite #29 of P.H. Centro Comercial Los Pueblos 2000, Juan Díaz, Province of Panama, as of 26 May 2012
Resolution No. 51 (2012) To grant BANCOLOMBIA, S.A. a ninety (90) day TEMPORARY PERMIT to formalize and file the documents related to its organization and registration in Panama in the Public Registry, for the purpose of subsequently applying for a General Banking License
Resolution No. 50 (2012) To authorize Multibank, Inc. to move its branch office located on the ground floor of the Del Cid building on Avenida 17 de Abril and Finca No. 1, Changuinola, Province of Bocas del Toro, to its new branch office located in suite 5 of Plaza Changuinola, on Fincas No. 11 to No. 6, Changuinola, Province of Bocas del Toro
Resolution No. 47 (2012) To authorize MULTIBANK, INC. to establish a bank subsidiary (wholly owned by MULTIBANK, INC.) in the Cayman Islands, under a type “B” Banking License.
Resolution No. 44 (2012) To authorize Credicorp Bank, S.A. to close its Multiplaza Branch located at Multiplaza Pacific Mall/Paitilla, Province of Panama, as of 9 April 2012
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. 35 (2012) To grant ALLBANK CORP. a six (6) month extension to initiate operations as a General License Banks
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. 23 (2012) To rescind Resolution SBP 053-2010 dated 8 March 2010, whereby an International License to engage in the banking business from the Republic of Panama was granted to BANCA PRIVADA D’ANDORRA, S.A. – Branch Office – and to cancel this License
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

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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 2010

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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 2009

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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 2008

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Resolution 1 (2008) Calculate the limit for installment payments and debentures payable within one hundred eighty six (186) days.

Resolution 2006

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Resolution 1 (2006) Whereby the tariffs by way of rights for Banking Inspections, Follow-Up Inspections and Special Inspections, are set

Resolution 2005

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Resolution 1 (2005)

Resolution 2004

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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

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Resolution 1 (2003) Modifies Article 1 of General Resolution No. 01-2000 dated February 23rd, 2000

Resolution 2002

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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

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Resolution 1 (2001) Modifies Resolution 7-2000, regarding country risk management.

Resolution 2000

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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

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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

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Resolution 2 (1998) Notification for Valid IASs
Resolution 1 (1998) Rate for Inspections

Board of Directors Resolutions

Resolution 2013

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Resolution SBP-JD-0012-2013 To appoint the Interim Superintendent
Resolution SBP-JD-0011-2013 To appoint the Interim Superintendent
Resolution SBP-JD-0010-2013 To appoint the Interim Superintendent
Resolution SBP-JD-0001-2013 To approve the payment of an incentive called the “Goal Achievement Bonus”

Resolution 2012

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Resolution SBP-JD-0064-2012 To amend the Sole Article of Resolution SBP-JD-0062 dated 20 November 2012 – Appointment of Interim Superintendent
Resolution SBP-JD-0062-2012 Appointment of Interim Superintendent
Resolution SBP-JD-0061-2012 Appointment of Interim Superintendent
Resolution SBP-JD-0057-2012 Appointment of Interim Superintendents
Resolution SBP-JD-0050-2012 Appointment of Interim Superintendent
Resolution SBP-JD-0044-2012 To approve granting an incentive of food coupons that can be used to buy groceries to all employees of the Superintendency of Banks. This food coupon will have a value of B/.100.00 for the employees that have qualified as Banking Supervisor Civil Service Career Officials, and B/.75.00 for employees that have not yet qualified as Banking Supervisor Civil Service Career Officials.
Resolution SBP-JD-0035-2012 Appointment of Interim Superintendent
Resolution SBP-JD-0034-2012 To appoint Mr. Félix B. Maduro as Director of the Board of Directors of the Superintendency of Insurance and Reinsurance of Panama
Resolution SBP-JD-0026-2012 Changes to the Board of Directors of the Superintendency of Banks
Resolution SBP-JD-0025-2012 Appointment of Interim Superintendent
Resolution SBP-JD-0024-2012 Appointment of Interim Superintendent
Resolution SBP-JD-0021-2012 Whereby eight (8) additional employees of the Superintendency of Banks are recognized as Banking Supervisor Civil Service Career Staff Members
Resolution SBP-JD-0011-2012 Appointment of Interim Superintendent
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-JD-0004-2012 Authorization of the percentages for the Performance Bonus
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 2011

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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
Resolution B.D. 38 (2011) Appointment of Interim Superintendent from twelfth (12th) to fourteenth (14) of October, 2011
Resolution B.D. 37 (2011) Appointment of Interim Superintendent
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 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

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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...
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 JD 32 (2009)
The fifty percent (50%) to which Article 9 of Agreement No. 4-2008 of July 24th, 2008

Board of Directors’ General Resolutions

Resolution 2013

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Resolution SBP-JD-001-2013 Whereby the limit for debenture down payments referred to in Article 9 of Rule 4-2008 dated 24 July 2008 is modified. Official Gazette 27208 dated 22 January 2013.

Resolution 2012

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Resolution SBP-JD-0036-2012 Whereby the position of Executive Officer referred to in Article 2, paragraph d, subparagraph 7 of Rule 5-2011 is defined
Resolution SBP-JD-0033-2012 Whereby the limit for debenture payments referred to in Article 9 of Rule 4-2008 dated 24 July 2008 is modified.
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”

Mergers and Acquisitions

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2013

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2013
1.	Resolution SBP 0004-2013 dated 14 January 2013. To authorize the sale of all of the shares of INTERNATIONAL UNION BANK, S.A., belonging to ROMANA CORPORATION C.V., which represent 37.5% of the shares of INTERNATIONAL UNION BANK, S.A., to Messrs. CARLOS HENRIQUE MENDOZA VALLADARES, NICOLAS ANDRES VERA SANTANDER, GUSTAVO NUÑEZ and LUIS GUILLERMO DEGWITZ BRILLEMBOURG.
2.	Resolution SBP 0016-2013 dated 7 February 2013. To authorize the transfer of 99.98% of the shares of LA HIPOTECARIA S.A. de C.V. (EL SALVADOR) from LA HIPOTECARIA (HOLDING), INC. (BVI) to BANCO LA HIPOTECARIA, S.A., entities that are all part of the same economic group.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2012

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2012
1.	Resolution SBP-FID-0016-2012 dated 21 December 2012. To authorize the transfer of all of the shares of ALEMÁN, CORDERO, GALINDO & LEE TRUST (PANAMÁ), S.A. from their current holder, ALEMÁN, CORDERO, GALINDO & LEE CORPORATE HOLDINGS INC., to APEX INTERNATIONAL (CYPRUS) LIMITED.
2.	Resolution SBP 0154-2012 dated 6 December 2012. To authorize the merger by absorption between BALBOA BANK & TRUST, CORP. and BANCO TRASATLÁNTICO, S.A., from which BALBOA BANK & TRUST, CORP. will be the surviving company.
3.	Resolution SBP 0153-2012 dated 4 December 2012. To authorize the transfer of all of the shares of SOCIÉTÉ FINANCIÈRE DES ANTILLES, N.V. from their current holder, MIURA INVESTMENTS, N.V, to BANESCO, S.A.
4.	Resolution SBP 0133-2012 dated 19 October 2012. To authorize the transfer of 100% of the shares of BANCO TRASATLÁNTICO, S.A., to STRATEGIC INVESTORS GROUP, INC., holder of 100% holder of the shares of BALBOA BANK & TRUST, CORP. pursuant to the terms established in the proposed transaction.
5.	Resolution SBP 93-2012 dated 6 August 2012. To authorize the Merger by Absorption between BANCO UNIVERSAL, S.A. and INMOBILIARIA UNIVERSAL 50, S.A. from which BANCO UNIVERSAL, S.A. will be the surviving company.
5.	Resolution SBP 93-2012 dated 6 August 2012. To authorize the Merger by Absorption between BANCO UNIVERSAL, S.A. and INMOBILIARIA UNIVERSAL 50, S.A. from which BANCO UNIVERSAL, S.A. will be the surviving company.
6.	Resolution SBP 0061-2012 dated 1 June 2012. To authorize the sale of shares of the subsidiary companies Grupo del Istmo (Costa Rica), S.A., Inversiones Financieras HSBC Sociedad Anónima, Banco HSBC Honduras, S.A. and Seguros HSBC Honduras, Sociedad Anónima, owned by HSBC Bank (Panamá), S.A. to Banco Davivienda, S.A. pursuant to the provisions of the Share Purchase agreement entered into by the parties.
7.	Resolution SBP 0001-2012 dated 12 January 2012. To authorize the transfer of 51% of the shares of BANCO COLPATRIA MULTIBANCA COLPATRIA, S.A., to THE BANK OF NOVA SCOTIA, pursuant to the terms set forth in the proposed transaction

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2011

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2011
1.	Resolution SBP 0163-2011 dated 14 December 2011. To authorize BANCO TRASATLÁNTICO, S.A., to execute the sale and purchase agreement between BANCO TRASATLÁNTICO, S.A. and VLADIMIR ANTONOV, for the bank to acquire all 14,000 shares of the bank owned by VLADIMIR ANTONOV and as counter-payment Mr. Antonov will receive the position BANCO TRASATLÁNTICO, S.A. has in MULTIASSETS, S.A. valued at 13 million three hundred sixty-one thousand, five hundred twenty-nine US dollars and forty cents (US$13,361,529.40) as of November 8, 2011.
2.	Resolution SBP 15-2011 dated 21 February 2011. To recognize the effects, as appropriate, of the merger by integration overseas between CAJA DE AHORROS DE GALICIA (CAIXA GALICIA) and CAIXA DE AFORROS DE VIGO, OURENSE Y PONTEVEDRA (CAIXANOVA).
3.	Resolution SBP 13-2011 dated 31 January 2011. To authorize the merger by absorption between BANCO CITIBANK (PANAMÁ), S.A. and ADMINISTRADORA ANCÓN, S.A., FACTORING CUSCATLÁN, S.A., LEASING CUSCATLÁN.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2010

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2010
1.	Resolution SBP 270-2010 dated 24 November 2010. To authorize the merger by absorption between UNI BANK & TRUST, INC. and UNI B & T DE PANAMÁ, S.A. from which UNI BANK & TRUST, INC. will be the surviving company.
2.	Resolution SBP 258-2010 dated 28 October 2010. To authorize ROMANA CORPORATION C.V. to sell thirty-seven point five percent (37.5%) of the shares it owns in INTERNATIONAL UNION BANK, INC. to LUIS GUILLERMO DEGWITZ BRILLEMBOURG and to thirty-seven point five percent (37.5%) to JOSÉ TOMÁS DUARTE BECERRA.
3.	Resolution SBP 250-2010 dated 20 October 2010. To authorize the transfer of 100% of the shares of BAC INTERNATIONAL BANK INC., to LEASING BOGOTÁ S.A. PANAMÁ pursuant to the terms established in the proposed transaction.
4.	Resolution SBP 247-2010 dated 15 October 2010. To authorize MULTIBANK, INC. to acquire 30% of the shares of its affiliate company MACROFINANCIERA, S.A. COMPAÑÍA DE FINANCIAMIENTO, resulting MULTIBANK, INC. being the sole shareholder of the company.
5.	Resolution SBP 028-2010 dated 2 February 2010. To authorize STRATEGIC INVESTORS GROUP, INC. to acquire 100% of the shares of STANFORD BANK (PANAMÁ), S.A. – under Reorganization -, currently controlled by STANFORD INTERNATIONAL HOLDINGS (PANAMÁ), S.A.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2009

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2009
1.	Resolution SBP 54-2009 dated 16 February 2009. To grant an extensionuntil June 30, 2009 for HSBC BANK (PANAMÁ), S.A. and PRIMER BANCO DEL ISTMO, S.A. to complete all of the legally-required acts for the execution of their merger.
2.	Resolution SBP 53-2009 dated 12 February 2009. To authorize METROBANK, S.A. to assume all assets and liabilities of FINANCIERA RAPID CASH, S.A., CORPORACIÓN UNIVERSAL DE CRÉDITO, S.A. and FIRST UNION CORPORATION, by means of the Merger by Absorption Agreement dated 25 November 2009.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2008

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2008
1.	By means of Resolution S.B.P. 019-2008 dated 18 January 2008, GTC BANK INC. and BANEX INTERNATIONAL BANK CORP., were authorized to execute a merger by absorption whereby GTC BANK INC. would be the surviving company
2.	By means of Resolution S.B.P. 031-2008 dated 29 January 2008, GLOBAL BANK CORPORATION, INC., LEESPORT FINANCE, INC., DRAMEN INTERNATIONAL, INC., DONTOBAY HOLDING, INC., and DRABOX INTERNATIONAL, S.A., were authorized to execute a merger by absorption, whereby GLOBAL BANK CORPORATION, INC. would be the surviving company.
3.	By means of Resolution S.B.P. 035-2008 dated 31 January 2008, BANCO GENERAL, S.A. was authorized to assume all assets, property, rights, privileges, powers and franchises, and the liabilities and obligations of INVERSIONES FAR WEST, S.A. by means of a Merger Agreement dated December 17, 2007 under which INVERSIONES FAR WEST, S.A. will cease to exist.
4.	By means of Resolution S.B.P. 067-2008 dated 3 March 2008, BANCO UNO, S.A. and BANCO CUSCATLÁN DE PANAMÁ, S.A. were granted an extension until June 4, 2008 to formalize and file their Merger Agreement in the Public Registry.
5.	By means of Resolution S.B.P. 079-2008 dated 19 March 2008, BANCO AGRÍCOLA (PANAMÁ), S.A. was authorized to transfer certain assets and liabilities to BANCOLOMBIA (PANAMÁ), S.A. in order to apply for the voluntary liquidation of BANCO AGRÍCOLA (PANAMÁ), S.A. once the transfer is concluded.
6.	By means of Resolution S.B.P. 093-2008 dated 31 March 2008, GRUPO CUSCATLÁN PANAMÁ, S.A. was authorized to transfer all issued and outstanding shares of BANCO CUSCATLÁN DE PANAMÁ, S.A. that it holds to CITIBANK OVERSEAS INVESTMENT CORPORATION.
7.	By means of Resolution S.B.P. 244-2008 dated 26 September 2008, the Superintendency resolved to leave without effect the Resolution S.B.P. 180-2007 dated 16 November 2007, whereby HSBC ASIA PACIFIC HOLDINGS (UK) LIMITED had been authorized to acquire not less than 51.01% of the issued and outstanding capital stock that LSF KEB HOLDINGS SCA held in KOREA EXCHANGE BANK LTD.
8.	By means of Resolution S.B.P. 140-2008 dated 29 May 2008, BANCO UNO, S.A. and BANCO CUSCATLÁN DE PANAMÁ, S.A. were granted an extension until September 4, 2008 to formalize and file their Absorption Agreement in the Public Registry. Also, in this Resolution they were granted an extension until December 6, 2008 to complete all legal, administrative and operational acts required to execute the Merger by Absorption under which BANCO CUSCATLÁN DE PANAMÁ, S.A. would be the surviving company.
9.	By means of Resolution S.B.P. 210-2008 dated 29 August 2008, BANCO UNO, S.A. and BANCO CUSCATLÁN DE PANAMÁ, S.A. were granted an extension until December 4, 2008 to formalize and file their Absorption Agreement in the Public Registry.
10.	By means of Resolution S.B.P. 166-2008 dated 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 May 23, 2008, under which BANCO PANAMÁ, S.A. would be the surviving company.
11.	By means of Resolution S.B.P. 199-2008 dated 13 August 2008, HSBC BANK (PANAMÁ), S.A. and PRIMER BANCO DEL ISTMO, S.A. were authorized to merger by means of a Merger Agreement under which the former would absorb the latter. By means of Resolution S.B.P. 278-2008 dated 28 October 2008, the Superintendency granted an extension until February 28, 2009 to PRIMER BANCO DEL ISTMO, S.A. and HSBC BANK (PANAMÁ), S.A. to complete all legal, administrative and operational acts to formalize the merger as well as to formalize and file the Merger Agreement in the Public Registry.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2007

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2007
1.	By means of Resolution S.B.P. 011-2007 dated 15 February 2007, CITIBANK OVERSEAS INVESTMENT CORPORATION was authorized to acquire all issued and outstanding shares of GRUPO FINANCIERO UNO, S.A. and BANCO UNO, S.A.
2.	By means of Resolution S.B.P. 012-2007 dated 15 January 2007, BANCO PANAMEÑO DE LA VIVIENDA, S.A. was authorized to acquire fifty-one percent (51%) of the issued and outstanding shares of GIROS & FINANZAS COMPAÑÍA DE FINANCIAMIENTO COMERCIAL, S.A.
3.	By means of Resolution S.B.P. 026-2007 dated 19 March 2007, BANCO GENERAL, S.A. was authorized to transfer all of its issued and outstanding shares to BG HOLDINGS, INC.
4.	By means of Resolution S.B.P. 031-2007 dated 23 March 2007, HSBC BANK (PANAMÁ), S.A. and GRUPO BANISTMO, S.A. were authorized to execute a Merger by absorption, resulting in HSBC BANK (PANAMÁ), S.A. being the surviving company.
5.	By means of Resolution S.B.P. 033-2007 dated 27 March 2007, BANCOLOMBIA (PANAMÁ), S.A. was authorized to acquire up to 100% of the common and outstanding shares of BANAGRÍCOLA, S.A.
6.	By means of Resolution S.B.P. 037-2007 dated 11 April 2007, BANCO DAVIVIENDA, S.A. was authorized to acquire up to 99% of the issued and outstanding shares of GRANBANCO, S.A.
7.	By means of Resolution S.B.P. 042-2007 dated 23 April 2007, CITIBANK INVESTMENT CORPORATION was authorized to acquire all issued and outstanding shares of GRUPO CUSCATLÁN PANAMÁ, S.A.
8.	By means of Resolution S.B.P. 055-2007 dated 8 May 2007, CREDOMATIC INTERNATIONAL CORPORATION was authorized to acquire 99.90838% of the capital stock of BANCO MERCANTIL, S.A. (BAMER), and 99.99% of the capital stock of CASA DE VALORES MERCANTIL, S.A. (MERVALORES), which are members of GRUPO FINANCIERO BAMER.
9.	By means of Resolution S.B.P. 062-2007 dated 21 May 2007, ST. GEORGES BANK & COMPANY, INC. was authorized to absorb by means of an Absorption Merger Agreement, all property, assets, obligations, and liabilities, regardless of type, nature or description, whether existent or contingent, as well as all paid-in capital, reserves, retained revenue and any other holdings of PROMERICA, S.A., which will be dissolved.
10.	By means of Resolution S.B.P. 074-2007 dated 31 May 2007, MULTI CREDIT BANK, INC. was authorized to acquire up to 70% of the issued and outstanding shares of MACROFINANCIERA, S.A. COMPAÑÍA DE FINANCIAMIENTO COMERCIAL.
11.	By means of Resolution S.B.P. 077-2007 dated 5 June 2007, BANCO CONTINENTAL DE PANAMÁ, S.A. was authorized to assume by means of a Merger Agreement dated April 27, 2007, all assets, property, rights, privileges, powers, franchises, liabilities and obligations of BANCO ALEMÁN PLATINA, S.A., CARCLE, S.A., DOTHAN FINANCE, INC. and TRI-MOON INVESTMENTS, INC., all four of which will be dissolved as legal entities.
12.	By means of Resolution S.B.P. 080-2007 dated 12 June 2007, GE EMERALD INC. was authorized to acquire up to 100% of the issued and outstanding shares of BANCO COLPATRIA-RED MULTIBANCA COLPATRIA, S.A.
13.	By means of Resolution S.B.P. 088-2007 dated 15 June 2007, BANCOLOMBIA (PANAMÁ), S.A. was authorized to acquire up to 100% of the issued and outstanding shares of BIENES Y SERVICIOS, S.A.
14.	By means of Resolution S.B.P. 089-2007 dated 15 June 2007, CORPORACIÓN TENEDORA BAC SAN JOSÉ SOCIEDAD ANÓNIMA was authorized to acquire 100% of the issued and outstanding shares of CORPORACIÓN FINANCIERA MIRAVALLES, SOCIEDAD ANÓNIMA and RECAUDADORA COSTA RICA, S.A. (RECSA).
15.	By means of Resolution S.B.P. 102-2007 dated 13 July 2007, BANCOLOMBIA (PANAMÁ), S.A. was authorized to assume by means of a Merger Agreement all assets, property, rights, privileges, powers, franchises, liabilities and obligations of SULEASING INTERNACIONAL, S.A., which will be dissolved.
16.	By means of Resolution S.B.P. 114-2007 dated 8 August 2007, a merger by absorption was of CORPORACIÓN FINANCIERA MIRAVALLES, S.A., RECAUDADORA COSTA RICA, S.A (RECSA) and BANCO BAC SAN JOSÉ, S.A., was authorized, with the latter remaining as the surviving company.
17.	By means of Resolution S.B.P. 128-2007 dated 5 September 2007, a merger by absorption of BANCO GENERAL, S.A. and BANCO CONTINENTAL DE PANAMÁ, S.A. was authorized, under which the former will remain as the surviving company.
18.	By means of Resolution S.B.P. 141-2007 dated 18 September 2007, a merger by absorption of BANCO DAVIVIENDA, S.A. and GRANBANCO, S.A., was authorized, under which the former remains as the surviving company.
19.	By means of Resolution S.B.P. 144-2007 dated 21 September 2007, INTERIM INVESTMENT, INC. was authorized to acquire 25.92% of the capital stock of BANCO DE FINANZAS (INTERNACIONAL), S.A.
20.	By means of Resolution S.B.P. 145-2007 dated 24 September 2007, (i) CORPORACIÓN G&T CONTINENTAL, S.A. was authorized to acquire 99.9447% of the paid-in capital shares of BANCO DE EXPORTACIÓN, S.A. and (ii) the merger by absorption of BANCO DE EXPORTACIÓN, S.A. and BANCO G&T CONTINENTAL, S.A., whereby the latter remains as the surviving company, was authorized.
21.	By means of Resolution S.B.P. 151-2007 dated 28 September 2007, VLADIMIR ANTONOV was authorized to acquire no less than 70% of the issued and outstanding shares of BANCO TRASATLÁNTICO, S.A. currently under the control of Pupkin International, Inc.
22.	By means of Resolution S.B.P. 175-2007 dated 13 November 2007, BANCO DE CRÉDITO HELM FINANCIAL SERVICES (PANAMÁ), S.A. was authorized to acquire 5.9999% of the issued and outstanding shares of LEASING DE CRÉDITO, S.A.
23.	By means of Resolution S.B.P. 180-2007 dated 16 November 2007, HSBC ASIA PACIFIC HOLDINGS (UK) LIMITED was authorized to acquire at least 51.02% of the issued and outstanding capital stock that LFS KEB HOLDINGS SCA has in KOREA EXCHANGE BANK, LTD.
24.	By means of Resolution S.B.P. 191-2007 dated 4 December 2007, the merger by absorption agreement between BANCO UNO, S.A. and BANCO CUSCATLÁN DE PANAMÁ, S.A., whereby the latter will remain as the surviving company, was authorized.
25.	By means of Resolution S.B.P. 219-2007 dated 28 December 2007, the transfer of all currently issued and outstanding common shares of MULTI CREDIT BANK, INC. to MULTI FINANCIAL GROUP, INC., was authorized.
26.	By means of Resolution S.B.P. 220-2007 dated 28 December 2007, the merger by absorption between BANCO DE AMÉRICA CENTRAL HONDURAS, S.A. and BANCO MERCANTIL, S.A., whereby the latter will remain as the surviving company, was authorized.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2006

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2006
1.	To authorize 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. Resolution S.B.P. 004-2006 dated 18 January 2006. Official Gazette No. 25,490 dated 21 February 2006.
2.	To authorize the transfer of all shares of HSBC BANK (PANAMA), S.A. owned by GRUPO FINANCIERO HSBC S.A. DE C.V. to HSBC ASIA HOLDINGS B.V. Resolution S.B.P 080-2006 dated 14 August 2006.
3.	To authorize the merger by absorption abroad between THE INTERNATIONAL COMMERCIAL BANK OF CHINA (absorbing corporation) and CHIAO TUNG BANK (absorbed corporation). Resolution S.B.P 087-2006 dated 23 August 2006.
4.	To authorize the acquisition and transfer of all issued and outstanding shares of ATLÁNTICO HOLDINGS FINANCIAL LIMITED, holder of all issued and outstanding shares of BANCO ATLÁNTICO (PANAMA), S.A. to BANCO CONTINENTAL DE PANAMA, S.A. Resolution S.B.P 093-2006 dated 11 September 2006.
5.	To authorize the acquisition and transfer of control of the shares of GRUPO BANISTMO, S.A., holder of the majority of the issued and outstanding shares of PRIMER BANCO DEL ISTMO, S.A. to HSBC ASIA HOLDINGS B.V. Resolution S.B.P. 094-2006 dated 11 September 2006.
6.	To authorize the merger by absorption of BANCO ATLÁNTICO (PANAMÁ), S.A. and BANCO CONTINENTAL DE PANAMÁ, S.A., BANCO CONTINENTAL DE PANAMÁ, S.A. becoming the surviving corporation of this merger by absorption. Resolution S.B.P. 117-2006 dated 13 November 2006.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2005

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2005
1.	To authorize BANKBOSTON, N.A. to cede and transfer certain assets related to the banking business of BANKBOSTON, N.A. to BANCO GENERAL, S.A., and at the same time, for BANCO GENERAL, S.A. to assume certain liabilities of BANKBOSTON, N.A. related to the banking business. To authorize BANCO GENERAL, S.A. to acquire part of BOSTON OVERSEAS FINANCIAL CORPORATION, and all of the issued and outstanding capital shares of BOSTON INVESTMENTS SECURITIES INC. Resolution S.B. 09-2005 dated 21 January 2005. Official Gazette No. 25,230 dated 1 February 2005.
2.	To authorize BANCO CONTINENTAL DE PANAMÁ, S.A. to Merge by Absorption under a “Merger Agreement”, pursuant to which BANCO CONTINENTAL DE PANAMÁ, S.A. will absorb NAKA INVESTMENT CORPORATION, assuming all of its assets, liabilities and equity. Resolution S.B. 17-2005 dated 28 February 2005. Official Gazette No. 25,253 dated 9 March 2005.
3.	To authorize the Merger Agreement between CREDICORP BANK, S.A., CREDICORP FINANCIAL, INC. and FINANCIERA LA SUERTE, S.A., by virtue of which the latter two are merged into CREDICORP BANK, S.A., which will be the single surviving corporation. Resolution S.B. 061-2005 dated 23 June 2005. Official Gazette No. 25,341 dated 13 July 2005.
4.	To authorize the transfer of the assets, liabilities and investments of BANCO DE PICHINCHA LIMITED – NASSAU, subsidiary of BANCO DEL PICHINCHA C.A., to BANCO DEL PICHINCHA LIMITED PANAMÁ, S.A., which belongs to the same Economic Group, according to the Plan submitted to this Superintendency of Banks. Resolution S.B. 067-2005 dated 18 July 2005. Official Gazette No. 25,358 dated 05 August 2005.
5.	To authorize the merger by absorption of BANCO ATLÁNTICO (PANAMA), S.A., ATLÁNTICO LEASING, S.A. and ATLÁNTICO SERVICIOS, S.A., with BANCO ATLÁNTICO (PANAMA), S.A. remaining as the surviving corporation from this merger by absorption. Resolution S.B. 075-2005 dated 18 July 2005. Official Gazette No. 25,365 dated 18 August 2005.
6.	To authorize BAC CREDOMATIC HOLDING CO. LTD. and VINTAGE PROPERTIES LIMITED to sell up to 49.99% of their shares to GE CONSUMER FINANCE CENTRAL HOLDINGS CORP. (GECF), which will represent 49.99% of the corporate capital of a corporation to be established in BVI under the name BAC CREDOMATIC GECF INC. Resolution S.B. 076-2005 dated 18 July 2005. Official Gazette No. 25,358 dated 05 August 2005.
7.	To authorize the Merger Agreement between BANCO INTERNACIONAL DE COSTA RICA, S.A. and BICSA CORPORACIÓN FINANCIERA, S.A., by virtue of which both corporations will be merged into a single surviving corporation, BANCO INTERNACIONAL DE COSTA RICA, S.A. Resolution S.B. 079-2005 dated 16 August 2005. Official Gazette No. 25,372 dated 26 August 2005.
8.	To authorize BANCO UNO, S.A. (Panamá) to acquire 1,453,418 shares, which represent 90.27% of the issued and outstanding shares of BANCO UNO, SOCIEDAD ANÓNIMA, and 1,363,600 shares, which represent 90.9% of the issued and outstanding shares of AVAL-CARD, SOCIEDAD ANÓNIMA, both Nicaraguan corporations. Resolution S.B. 81-2005 dated 26 August 2005. Official Gazette No. 25,385 dated 14 September 2005.
9.	To authorize the merger by absorption between BANCO GENERAL, S.A. and GENERAL INVESTMENT SECURITIES, INC., where BANCO GENERAL, S.A. will be the absorbing company and GENERAL INVESTMENT SECURITIES, INC. will be the absorbed corporation. Resolution S.B. 89-2005 dated 15 September 2005. Official Gazette No. 25,392 dated 23 September 2005.
10.	To authorize the merger by absorption of GRUPO MUNDIAL INVERSIONISTA, S.A. and GRUPO MUNDIAL TENEDORA, S.A., the latter remaining as the surviving corporation of this merger by absorption and therefore, holder of all issued and outstanding shares of BANCO PANAMEÑO DE LA VIVIENDA, S.A. Resolution S.B. 101-2005 dated 28 October 2005. Official Gazette No. 25,435 dated 30 November 2005.
11.	To authorize GNB SUDAMERIS BANK, S.A. to acquire up to 50% of the issued and outstanding shares of STARMITES CORPORATION, N.V., which owns 100% of the issued and outstanding shares of GILEX HOLDING, B.V., which owns 94.7287% of the issued and outstanding shares of the financial entity denominated BANCO GNB SUDAMERIS, S.A. Resolution S.B. 107-2005 dated 22 November 2005. Official Gazette No. 25,441 dated 9 December 2005.
12.	To authorize BANCO PANAMEÑO DE LA VIVIENDA, S.A. to acquire 51% of the issued and outstanding shares of GRUPO COLFINANZAS, S.A., which owns 100% of the issued and outstanding shares of COLFINANZAS, S.A. Resolution S.B. 110-2005 dated 24 November 2005. Official Gazette No. 25,450 dated 22 December 2005.
13.	To authorize the transfer of one thousand one hundred sixteen (1116) shares of BANCO INTERNACIONAL DE COSTA RICA, S.A., owned by BANCO NACIONAL DE COSTA RICA, to BANCO DE COSTA RICA, the latter being the owner of fifty-one percent (51%) of the three thousand six hundred (3600) issued and outstanding shares of BANCO INTERNACIONAL DE COSTA RICA, S.A. Resolution S.B. 119-2005 dated 20 December 2005. Official Gazette No. 25,471 dated 25 January 2006
14.	To authorize GTC BANK, INC. to acquire 199,960 shares of FINANCIERA G&T CONTINENTAL, S.A. Resolution S.B. 121-2005 dated 23 December 2005. Official Gazette No. 25,471 dated 25 January 2006.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2004

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2004
1.	To authorize the transfer of 100% of the issued and outstanding shares of Wall Street Securities Group, S.A. with voting rights, to Banco Continental de Panamá, S.A. Resolution S.B. 112-2004 dated 2 March 2004.
2.	To authorize Stanford Bank Holdings Limited to transfer all issued and outstanding shares of Stanford International Bank (Panamá), S.A., to Stanford International Holdings (Panamá), S.A. Resolution S.B. 113-2004 dated 9 March 2004.
3.	To authorize the merger abroad of FleetBoston Financial Corporation and Bank of America Corporation. Resolution S.B. 118-2004 dated 15 March 2004.
4.	To authorize Banco Aliado, S.A., Inmuebles y Proyectos, S.A. and Promotora M.T.I., S.A. to merge under a “Merger by Absorption Agreement”, whereby Banco Aliado, S.A. assumes all assets, liabilities and equity of Inmuebles y Proyectos, S.A. and Promotora M.T.I., S.A. with Banco Aliado, S.A. being the surviving company. Resolution S.B. 132-2004 dated 26 April 2004.
5.	To authorize the merger of Banco Panamericano, S.A., Ancon Holding Panama, S.A. and Banco Cuscatlán de Panamá, S.A., from which Banco Cuscatlán de Panamá, S.A. will survive. Resolution S.B. No. 143-2004 of 29 April 2004.
6.	To authorize Banque Sudameris, S.A. to cede and transfer certain assets related to the private banking business to GNB Bank (Panamá), S.A. and, at the same time, for 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. Resolution S.B. 146-2004 dated 10 May 2004.
7.	To authorize Banco Continental de Panamá, S.A., Wall Street Securities Group, S.A. and Wall Street Bank, S.A., to Merge by Absorption under a “Merger Agreement” whereby the former will absorb the remaining corporations, assuming all of their assets, liabilities and equity. Resolution S.B. 190-2004 dated 19 July 2004.
8.	To authorize the transfer of the stocks in International Union Bank, S.A. held by Inverunión, S.A., Casa de Bolsa; C.A., Arrendadora Unión; and Inversiones Whizard Uno, C.A. to Romana Corporation, C.V. Resolution S.B. 196-2004 dated 22 July 2004.
9.	By means of Resolution S.B. 207-2004 dated 20 August 2004, the Superintendent of Banks noted without objections and ordered the corresponding registration in the Superintendency of Banks of the merger by absorption abroad 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. with Banesco, Banco Universal, S.A.
10.	By means of Resolution S.B. 212 dated 13 September 2004, the Superintendent of Banks authorized Primer Banco del Istmo, S.A. to acquire the issued and outstanding shares of Lloyds TSB Bank, S.A. and of Lloyds Trust, S.A., financial entities existing and organized according to Colombian law.
11.	By means of Resolution S.B. 219 dated 19 October 2004, the Superintendent of Banks authorized Primer Banco del Istmo, S.A. to acquire up to thirty-five percent (35%) of all issued and outstanding shares of Banco de Comercio de El Salvador, a financial entity organized according to the laws of El Salvador.
12.	By means of Resolution S.B. 220 dated 20 October 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 a “Merger Agreement” whereby the former will absorb the remaining corporations.
13.	By means of Resolution S.B. 217 dated 21 October 2004, the Superintendent of Banks authorized the merger by absorption abroad of Banco Sabadell, S.A. (absorbing corporation) and Banco Atlántico, S.A. (absorbed corporation).
14.	By means of Resolution S.B. 221 dated 21 October 2004, the Superintendent authorized Banco de Finanzas (International), S.A. to transfer six hundred thirty thousand shares (630,000), which equals twenty-one percent (21%) of its capital stock, to GRUPO ASSA, S.A., both corporations existing and organized according to Panamanian law.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2003

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2003
1.	To authorize 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 a “Merger by Absorption Agreement” whereby the surviving entity will be 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., and assuming all of their assets, liabilities and equity. Resolution S.B. 142-2003 dated 23 September 2003.
2.	To authorize the merger by absorption of Primer Banco del Istmo, S.A. and Banco Mercantil del Istmo, S.A. under a “Merger Agreement” that has been submitted whereby the former will absorb the latter. Resolution S.B. 152-2003 dated 30 October 2003.
3.	To authorize the transfer of all shares, liabilities and equity of the subsidiaries of Banco Internacional de Costa Rica, LTD. to Bicsa Corporación Financiera, S.A., including all shares of Banco Internacional de Costa Rica, S.A. Resolution 07-2003 dated 30 January 2003.
4.	To authorize the transfer of all issued and outstanding shares of Banco Agrícola (Panama), S.A. to Banagricola, S.A. Resolution S.B. 35-2003 dated 16 April 2003.
5.	To authorize Global Bank Corporation to acquire all issued and outstanding shares of Bancolat Overseas Limited, bank organized under the laws of Monserrat, British West Indies and owned by Primer Banco del Istmo. Resolution 65-2003 dated 9 June 2003.
6.	To authorize Banco Atlántico (Panamá) S.A. to purchase 51% of the shares that Atlántico Holdings Financial, Ltd. maintains in Banco Atlántico (Bahamas) Bank & Trust Ltd. S.B. Resolution 107-2003 dated 1 September 2003.
7.	To authorize the exchange of issued and outstanding shares of CTB Financial Holding Company and The International Commercial Bank of China. Resolution S.B. 109-2003 dated 11 September 2003.
8.	To authorize LSF-KEB Holdings, SCA to acquire 51% of Korea Exchange Bank’s shares. Resolution S.B. 150-2003 dated 17 October 2003.
9.	To authorize 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). Resolution S.B. 241-2003 dated 4 December 2003.
10.	To authorize Bac International Bank, Inc. to acquire 95% of the shares Bac International Bank (Grand Cayman) holds in Credomatic International Corporation. Resolution S.B. 332-2003 dated 17 December 2003.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2002

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2002
1.	To authorize Grupo Continental, S.A. and Bipan Holding Corp. to merge under a “Merger Agreement” whereby the former entity will absorb the latter. Resolution 9-2002 dated 18 February 2002.
2.	To authorize Primer Banco del Istmo, S.A. and Inversiones Latinoamericanas, S.A. to merge under a “Merger Agreement” whereby the former will absorb the latter, assuming all of its assets, liabilities and equity. Resolution 30-2002 dated 17 May 2002.
3.	To authorize Banco Internacional de Costa Rica, S.A. to transfer 25% of its shares, currently owned by Grupo Financiero Bicsa, S.A. to Banco Internacional de Costa Rica, Ltd. Resolution 36-2002 dated 10 June 2002.
4.	To authorize the merger by absorption abroad of FIRST UNION NATIONAL BANK with WACHOVIA BANK, NATIONAL ASSOCIATION, whereby the former will absorb the latter, assuming all its assets and liabilities. Resolution S.B. 39-2002 dated 25 June 2002.
5.	To authorize Banco Continental de Panamá, S.A. and Banco Internacional de Panamá, S.A. to merge under a “Merger Agreement” whereby the former will absorb the latter, assuming all of its assets, liabilities and equity. Resolution 42-2002 dated 8 July 2002.
6.	To authorize Grupo Financiero Continental, S.A. to acquire all shares of Banco Alemán Platina, S.A., held by Platina Finanz Ag. Resolution 45-2002 dated 22 July 2002.
7.	To authorize Primer Banco del Istmo, S.A. and Banco de Latinoamérica, S.A., to merge under a “Merger Agreement” whereby the former will absorb the latter, assuming all of its assets, liabilities and equity. Resolution 59-2002 dated 9 September 2002.
8.	To authorize Banco Continental, S.A. to acquire all shares of Banco Alemán Platina, S.A. held by Grupo Financiero Continental, S.A. Resolution 62-2002 dated 2 September 2002.
9.	To authorize Banco de Préstamos (Panamá), S.A. to transfer its assets, liabilities, contingency funds, equity accounts, and memorandum and income accounts to Banco de Préstamos, S.A. (Ecuador). Resolution 88-2002 dated 8 November 2002.
10.	To authorize AUSTROBANK OVERSEAS (PANAMÁ), S.A. to transfer 100% of its shares, currently owned by FINANCIERA UNION DEL SUR, S.A. to SOLANO HOLDINGS, INC. Resolution S.B. 96-2002 dated 20 November 2002.
11.	To authorize BCT BANK INTERNATIONAL, S.A. and BANCO BCT (PANAMÁ), S.A. to merge under a “Merger Agreement” whereby the former will absorb the latter, assuming all of its assets, liabilities and equity. Resolution 103-02 dated 13 December 2002.
12.	To authorize CORPORACIÓN BANEX, S.A. to acquire all shares of GRUPO BANCRECEN, S.A.’s subsidiaries, to wit: BANCO BANCRECEN, S.A., BANCRECEN VALORES, S.A. and BANCRECEN SEGUROS, S.A. Resolution S.B. 104-2002 dated 16 December 2002.
13.	To authorize Discount Bank and Union Bancaire Privee to merge under a “Merger Agreement”. Resolution 106-2002 dated 18 December 2002.
14.	To authorize BANCO DE AMÉRICA CENTRAL, S.A., a wholly-owned subsidiary of BAC INTERNATIONAL BANK, INC. to acquire 100% of the shares of FINANCIERA DELTA, S.A. in Nicaragua. Resolution S.B. 107-2002 dated 20 December 2002.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2001

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2001
1.	To authorize Banco Continental de Panamá, S.A. to acquire all shares of Norfolk and Hampton Bank. Resolution 30-2001 dated 16 July 2001.
2.	To authorize the transfer of Dresdner Bank AG’s shares to Allianz BankBeteilung GmbH, such that Allianz AG will acquire control of Dresdner Bank AG. Resolution 32-2001 dated 28 June 2001.
3.	To authorize the transfer of the assets and liabilities of ABN AMRO Bank, N.V. (Panamá) to Banco Mercantil del Istmo, S.A. Resolution 38-2001.
4.	To authorize the merger by absorption of Primer Banco del Istmo, S.A. and Primer Banco de Ahorros, S.A., under a “Merger Agreement” whereby the former will absorb the latter, assuming all of its assets, liabilities and equity. Resolution 58-2001 dated 19 September 2001.
5.	To authorize Popular Bank & Trust, LTD. to acquire all of the shares of Popular Bank Cayman Limited. Resolution 72-2001 dated 9 November 2001.
6.	To authorize Banco Continental de Panamá, S.A. and Financial Holding Company, S.A., to merge under a “Merger Agreement” whereby the former will absorb the latter, assuming all of its assets, liabilities and equity. Resolution 79-2001 dated 7 December 2001.
7.	To authorize Grupo Financiero Continental, S.A. and Empresas Financieras Continental, S.A. to merge under a “Merger Agreement” whereby the former will absorb the latter, assuming all of its assets, liabilities and equity. Resolution 80-2001 dated 7 December 2001.
8.	To authorize Bancrédito (Panamá), S.A. to acquire all shares of Bancredit Cayman Limited, currently a wholly-owned subsidiary of GFN International Investment, Corp. Resolution 81-2001 dated 12 December 2001.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2000

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 2000
1.	Block transfer or universal transfer of assets, liabilities and operations of BANCO CENTRAL HISPANOAMERICANO S.A. to the Panama branch of BANCO SANTANDER CENTRAL HISPANO S.A. Resolution S.B. 11-2000 dated 11 February 2000.
2.	Merger abroad of BANKBOSTON, N.A. and FLEET NATIONAL BANK. Resolution S.B. 14-2000 dated 23 February 2000.
3.	Merger by absorption of BANCO BILBAO VIZCAYA (PANAMÁ), S.A. and BANCO EXTERIOR, S.A. Resolution S.B. 20-2000 dated 24 March 2000.
4.	Merger by absorption of BANCO COMERCIAL DE PANAMÁ by BANCO GENERAL, S.A. Resolution 27-2000 dated 26 May 2000.
5.	Merger abroad of BANCA INTESA SPA with BANCA COMERCIALE ITALIANA SPA, main shareholder of BANQUE SUDAMERIS, S.A. – Resolution S.B. 36-2000 of July 2000.
6.	Merger abroad of BANQUE NATIONALE DE PARIS and PARIBAS. Resolution S.B. 41-2000 dated 4 July 2000.
7.	Acquisition of the stock of PRIMER GRUPO NACIONAL, S.A., owner of the stock in PRIMER BANCO DE AHORROS, S.A., by BANCO DEL ISTMO, S.A. Resolution 44-2000 dated 10 July 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. – Resolution S.B. 47-2000 dated 18 July 2000.
9.	Merger of BANCO DEL ISTMO, S.A. and PRIMER GRUPO NACIONAL, S.A. Resolution 52-2000 dated 8 August 2000.
10.	Merger by absorption abroad of FILABANCO, S.A., shareholder and Parent Bank of FILABANCO TRUST & BANKING, CORP. with BANCO LA PREVISORA, S.A. – Resolution S.B. 55-2000 dated 17 August 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. Resolution S.B. 56-2000 dated 17 August 2000.
12.	To authorize BANCO INTERNACIONAL DE COSTA RICA, S.A. to transfer 25% of its stocks in BANCO INTERNACIONAL DE COSTA RICA, LTD., to GRUPO FINANCIERO BICSA, S.A. Resolution S.B. 64-2000 dated 15 December 2000
13.	To authorize BANCO INTERNACIONAL DE PANAMÁ, S.A. and 7TH OCEAN MARVEL, INC. to merge under a “Merger Agreement” whereby the former absorbs the latter, assuming all of its assets, liabilities and equity. Resolution S.B. 66-2000 dated 6 December 2000.
14.	To authorize COMMERCE OVERSEAS BANK, S.A. to transfer all of its shares in CORPORACIÓN BANCOMER to CORPORACIÓN BCT, S.A. Resolution S.B. 60-2000 dated 26 October 2000

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 1999

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 1999
1.	Transfer of the stock of BANCO EXTERIOR S.A. owned by BANCO EXTERIOR DE ESPAÑA S.A. to ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO S.A. Resolution S.B. 3-99 dated 3 February 1999.
2.	Transfer of all shares of the foreign banks TOWER CORPORATION LTD. and TOWERBANK (BAHAMAS) LIMITED to TOWERBANK INTERNATIONAL INC. Resolution S.B. 4-99 dated 8 February 1999.
3.	Transfer of 51% of the shares of BANCO ALEMÁN PLATINA, S.A., belonging to PLATINA FINANZ AG, to M.M. WARBURG & CO., through SOCIEDAD DE ADMINISTRACIÓN FINANCIERA Y FIDUCIARIA MANDATROPA S.A. Resolution S.B. 13-99 dated 30 March 1999.
4.	Transfer of 100% of the shares of BANCO GANADERO, S.A. - Panamá, owned by BANCO GANADERO, S.A. - Colombia to BANCO BILBAO VIZCAYA (PANAMÁ), S.A. Resolution S.B. 20-99 dated 12 May 1999.
5.	Merger abroad of the Banking Economic Group BANKBOSTON, N.A. (BANKBOSTON CORPORATION) with the Banking Economic Group FLEET FINANCIAL GROUP INC. Resolution S.B. 25-99 dated 10 June 1999.
6.	Transfer of 99.15% of the shares of BANCO CONFEDERADO DE AMERICA LATINA, S.A. (COLABANCO) owned by CONFEDERACIÓN LATINOAMERICANA DE COOPERATIVAS DE AHORRO Y CRÉDITO R.L (COLAC) to G.B. GROUP CORPORATION. Resolution S.B. 35-99 dated 24 June 1999.
7.	Acquisition abroad 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. Resolution S.B. 40-99 dated 16 July 1999.
8.	Merger abroad with and towards CITI MERGER SUB INC., now called CITICORP, subsidiary of TRAVELERS GROUP, INC., now called CITIGROUP. Resolution S.B. 45-99 dated 9 August 1999.
9.	Transfer of 99.15% of the shares of BANCO CONFEDERADO DE AMÉRICA LATINA, S.A. (COLABANCO), owned by GB CORPORATION to GLOBAL BANK CORPORATION. Resolution S.B. 50-99 dated 23 August 1999.
10.	Merger by absorption of INMOBILIARIA ISTMEÑA S.A. by BANCO GENERAL S.A. Resolution S.B. 57-99 dated 10 September 1999.
11.	Merger of BANCO BILBAO VIZCAYA (PANAMÁ) S.A. with BANCO GANADERO S.A. Resolution S.B. 58-99 dated 10 September 1999.
12.	Transfer of all assets, liabilities and operations of BANCO REAL, S.A. to the ABN AMRO BANK N.V. branch in Panama. Resolution S.B. 60-99 dated 29 September 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. Resolution S.B. 62-99 dated 14 October 1999.
14.	Transfer of all shares of BANCO COMERCIAL DE PANAMÁ, S.A. owned by MULTIEMPRESAS COMERCIALES S.A. to EMPRESA GENERAL DE INVERSIONES, S.A. and from the latter to BANCO GENERAL S.A. Resolution S.B. 63-99 dated 15 October 1999.
15.	Transfer of all shares of COMMERCIAL BANK (GRAND CAYMAN) LTD. from MULTIHOLDING CORPORATION to MULTIEMPRESAS COMERCIALES S.A. Resolution S.B. 64-99 dated 30 October 1999.
16.	Transfer of all shares of BANCO INTERNACIONAL DE PANAMÁ S.A. to BIPAN HOLDING CORP. Resolution S.B. 66-99 dated 17 October 1999.
17.	Transfer of all shares of COMMERCIAL BANK (GRAND CAYMAN) LTD owned by MULTIEMPRESAS COMERCIALES, S.A. to EMPRESA GENERAL DE INVERSIONES, S.A. and from the latter to BANCO GENERAL S.A. Resolution S.B. 69-99 dated 30 October 1999.
18.	Transfer of the assets, liabilities and operations of BANCO CONFEDERADO DE AMÉRICA LATINA to GLOBAL BANK CORPORATION. Resolution S.B. 71-99 dated 30 November 1999.

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 1998

Mergers, Acquisitions, Transfers of Shares, Transfers of Operations 1998
1.	Transfer of the shares of BANCO SANTANDER (PANAMÁ), S.A. owned by BANCO SANTANDER (COLOMBIA), S.A. to HOLBAH MERCHANT COMPANY LIMITED, indirectly owned by BANCO SANTANDER, S.A. of Spain. Resolution S.B. 1-98 dated 25 June 1998.
2.	Merger by absorption of FINCOMER ANCHOR, S.A. by COMMERCE OVERSEAS BANK, S.A. Resolution S.B. 16-98 dated 3 September 1998.
3.	Transfer of the assets, liabilities and operations of NATIONSBANK of TEXAS to NATIONSBANK. Resolution S.B. 18-98 dated 3 September 1998.
4.	To authorize the merger by absorption of the assets of INVERSIONES KATZEN, S.A. by BANCO BILBAO VIZCAYA (PANAMÁ), S.A. Resolution S.B. 47-98 dated 15 December 1998.
5.	Indirect stock transfer abroad from BANCO REAL, S.A. to ABN AMRO BANK N.V. group. Resolution S.B. 54-98 dated 30 December 1998.

Introduction

Introduction

From the juridical point of view, a merger is the legal union of two or more corporations such that these become one single legal entity comprising all of the equity of the former bodies.

From the financial standpoint, the merger has, in practice, become an operation that can be carried out through:

Absorption (merger by absorption), in which a corporation absorbs or incorporates the equity, the personnel and the full rights and duties of the absorbed corporation(s).

The classic modality is still “Merger by Creation”, in which merging corporations dissolve and merge all their equity in a new company, which succeeds them in rights and duties. In this type of merger, the companies (2, 3 or more) disappear as they agree to create the new corporation.

The merger processes seek to improve the efficiency and competitiveness of Banks through economies of scale to strengthen their position inside and outside the Panama Financial Center.

Related Rules

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Rule No. 13 (2001) National Securities Commission includes amendment paragraph to Rule No. 9-01 of 6 August 2001 (in Spanish)
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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