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Superintendent of Banks Advocates for 2023 Budget in the National Assembly

With a budget investment of USD 24.39 million for 2023, the Superintendency of Banks of Panama (SBP) intends to strengthen the supervision of reporting entities by adopting technological tools and reinforcing its highly trained human resources, informed the Superintendent of Banks, Amauri A. Castillo, during the presentation of the 2023 budget before the Budget Commission of the National Assembly.

SBP oversees innovative business models of technological financial services, exclusively in AML/CFT/WMD matters

For the Superintendency of Banks of Panama (SBP) is of vital importance to promote the modernization of the domestic financial system, with new technological businesses that allow financial inclusion, within a fit and flexible regulatory framework and that seeks to place easy, friendly, and secure financial solutions within the underserved public’s reach, thus allowing responsible innovation.

IBC Profits recorded a sustained growth of 54.6% as of April 2022

The uncertainly of the international context due to geopolitical threats has not prevented the International Banking Center (IBC) from recording better results. Proof of this is that the Banking Activity Report (IAB, for its acronym in Spanish), as of April 2022, reported an accumulated net profit of USD 648 million, a 54.6% growth versus April 2021, when it recorded USD 419 million.