The International Banking Center (IBC) recorded accumulated net profits, as of March 2021, of USD 314 million, 32% less than that recorded in March 2020, as reflected in the Banking Activity Report of the Superintendency of Banks of Panama (SBP).
The Superintendent of Banks, Amauri A. Castillo, received the courtesy visit of H.E. Martina Klumpp, Ambassador of the Federal Republic of Germany.
The Superintendency of Banks of Panama (SBP) participated in the First Supervisory College of two Colombian financial conglomerates: Grupo Aval and Grupo Boliva, an activity led by the Financial Superintendency of Colombia (SFC, for its acronym in Spanish).
After receiving an invitation from the Diplomatic and Consular Academy of the Ministry of Foreign Affairs of Panama, the Superintendent of Banks, Amauri A. Castillo, participated in a video conference with Panamanian Foreign Service representatives, where he shared relevant aspects of Panama’s International Banking Center (IBC).
As part of the implementation of the National Strategy for Financial Education (NSFE), led by the Superintendency of Banks of Panama (SBP), along with the German Sparkassenstiftung for Latin America and the Caribbean, the virtual training sessions entitled “Train of Trainers (ToT)” began, with the participation of the team of volunteer facilitators of social programs of the Ministry of Social Development (MIDES, for its acronym in Spanish).
Loans to the private sector recorded a total of USD 54.15 billion, as of February 2021, which represents a decrease of USD 31 million (-0.1%) compared to that of January, due to the underperformance of the loans to the private sector (that shrunk in USD 30 million), according to the data from the Banking Activity Report of the Superintendency of Banks of Panama (SBP).
The Superintendency of Banks of Panama (SBP) advises the general public that it will be closed on Thursday, April 1 and Friday, April 2, 2021 in observnce of Holy Week.
The Superintendent of Banks, Amauri A. Castillo, and the Administrator General of the National Authority for Government Innovation (AIG, for its acronym in Spanish), Luis Ricardo Oliva, signed an Inter-institutional Agreement for Cybersecurity.
The Superintendency of Banks of Panama (SBP), along with the German Savings Banks Foundation for International Cooperation (Sparkassenstiftung für internationale Kooperation e.V), will celebrate the Global Money Week 2021 from March 22 to 26 with different activities addressed to children and adolescents in the country.
In response to the summon received at the end of February 2021, the Superintendent of Banks of Panama, Amauri A. Castillo, appeared before the plenary session of the National Assembly to answer the questionnaire sent by the Honorable Parliamentarians on some topics related to the role of the Superintendency of Banks of Panama (SBP), the situation of the banking system, the subsidies, among others.
