The balance of consumer loans granted by banks with a general license in Panama has shown sustained growth of 4.43%, reaching a total of USD 13,9 billion, according to the Banking Activity Report (IAB) as of July 2024, issued by the Superintendency of Banks of Panama (SBP). This increase is equivalent to USD 592 million more than in the same period of the previous year.

As of June 2024, the credit portfolio, and deposits of the International Banking Center (CBI) have shown sustained growth, according to the Banking Activity Report issued by the Superintendency of Banks of Panama (SBP).

The financial soundness indicators show that the CBI continues to be resilient, contributing to financial stability.

The Superintendent of Banks, Mr. Amauri A. Castillo, participated in the 2024 XXVIII Latin American Congress on Internal Audit and Risk Assessment (CLAIN), held in Panama on June 27 and 28, 2024.

According to data from the April 2024 Banking Activity Report (IAB), banking institutions continue to report increases in their portfolio of new loans.

The Superintendency of Banks of Panama (SBP) has presented the Financial Stability Report (IEF) for the end of 2023, providing an evaluation of the main risks to the country’s financial stability and financial system.

The loan portfolio for industry, agriculture, and commerce accounts for 27.9% of the loans in the National Banking System (SBN) as of the first quarter of 2024, according to the Banking Activity Report (IAB) issued by the Superintendency of Banks of Panama (SBP).

The Board of Directors of the Superintendency of Insurance and Reinsurance of Panama has approved the appointment of Mr. Fernando Sucre Míguez as its representative on the Board of Directors of the Superintendency of Banks of Panama.

The deposit portfolio of the International Banking Center (CBI) grew by 9% as of February 2024, amounting to USD 107.06 billion, a year-on-year increase of 9% compared to February 2023 when it totaled USD 98.22 billion, according to the Banking Activity Report (IAB) issued by the Superintendency of Banks of Panama (SBP).

• Panama becomes the third country in Latin America and the Caribbean and the first in Central America to launch its Sustainable Finance Taxonomy.

• This key instrument will facilitate the flow of trade and capital towards environmentally sustainable investments in Panama, contributing to the transition towards a resilient, sustainable, and inclusive national economy.