The Superintendent of Banks of Panama, Milton Ayón Wong, joined the 1st LatAm Economic Forum, organized by the Bank of Spain, held on May 8 and 9 in Roda de Bará, Tarragona, Spain.

The International Banking Center (IBC) reaffirmed its strength by maintaining a robust financial position, supported by adequate prudential buffers and stable asset quality at an aggregate level. This performance reflects its capacity to adapt and manage prudently in an environment characterized by compressed financial margins and elevated funding costs, according to the Banking Activity Report (IAB) published by the Superintendency of Banks of Panama (SBP).

As part of the efforts to enhance interinstitutional cooperation, the Superintendency of Banks of Panama (SBP) and the Superintendency of Non-Financial Reporting Entities (SSNF) signed a Cooperation Agreement that marks a milestone in supervisory coordination between both authorities.

Panama continues to consolidate its technical strength in the financial sector through specialized training initiatives. In this context, the Association of Supervisors of Banks of the Americas (ASBA), together with the Superintendency of Banks of Panama (SBP) as host, held the international course “Bank Resolution” from April 21 to 24, 2026, in Panama City.

Panama continues to strengthen its banking supervision model through a more agile, continuous, and risk-based approach, supported by the strategic use of technology. This was highlighted by Bilardo De La Victoria, Director of Risk Management of the Superintendency of Banks of Panama, during his participation in the Panama AML Summit & Challenge 2026, where he delivered the presentation titled “Remote and Digital Supervision in Banking.”

The Board of Directors of the Superintendency of Insurance and Reinsurance of Panama (SSRP) has extended the appointment of Fernando Sucre Míguez as cross-board director on the Board of Directors of the Superintendency of Banks of Panama (SBP).

Deposits of the International Banking Center (IBC) continue to stand as the system’s primary source of funding, reaching a total balance of USD 118,204 million, representing a year-on-year increase of USD 8,005.9 million, or 7.27%. This performance reaffirms Panama’s role as a solid and reliable regional platform for savings and investment.

Deposits of the International Banking Center (IBC) reached USD 117,466 million, representing a year-on-year increase of 8% compared to the same period of the previous year, when they totaled USD 108,795 million—an increase of USD 8,671 million—according to the Banking Activity Report (IAB) as of January 2026, published by the Superintendency of Banks of Panama (SBP).