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.
Image
News
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).
The Superintendency of Banks of Panama (SBP) held a training session titled “Compliance Reporting Update: New Structures and Data Quality Challenges in AML/CFT/CPF,” exclusively for the banking sector.
As part of the cooperation agreement signed between the Judicial Branch and the Superintendency of Banks of Panama (SBP), an Update Workshop on the New Code of Civil Procedure was held on Wednesday, March 11, at the SBP headquarters.
The Superintendency of Banks of Panama (SBP) joined the David International Fair in the province of Chiriquí, held from March 12 to 22, 2016, as part of the National Financial Education Strategy (ENEF).
Under the theme “Everything Is Possible,” the Superintendency of Banks of Panama (SBP), in collaboration with Grupo H. Tzanetatos, welcomed 19 young participants between the ages of 15 and 17 who are part of the Novatos + Expertos program.
The Superintendency of Banks of Panama (SBP) presented the 2025 financial results of the International Banking Center (IBC) within the framework of the twenty-sixth edition of its traditional annual event.
the Superintendency of Banks of Panama (SBP) participated in the 117th Session of the Board of Directors, Committee Meetings, and Technical Meeting of the Association of Banking Supervisors of the Americas (ASBA), held in Mexico City from February 10 to 12, 2016, as part of its agenda for technical cooperation and strengthening risk-based supervision. The meeting provided an opportunity to follow up on regional strategic guidelines regarding prudential regulation, digital transformation, integrated risk management, and the evaluation of the sustainability of banking business models, in an increasingly interconnected and technologically advanced financial environment.
The Board of Directors of the Superintendency of Banks of Panama (SBP) issued Rule 1 of 2026, dated January 16, 2026, through which it updates provisions aimed at preventing the misuse of banking and fiduciary services, with the objective of strengthening the regulatory framework applicable to supervised entities and consolidating the control and oversight mechanisms of Panama’s financial system.
From October 27 to 30, the Superintendency of Banks of Panama (SBP) hosted the in-person course “Consolidated Supervision and Risk Integration,” a high-level program delivered by specialists from the Board of Governors of the Federal Reserve System (Fed), aimed at professionals with extensive experience in banking supervision and regulation.
The Superintendency of Banks of Panama (SBP) held a solemn ceremony in honor of the memory of Mr. Rafael Guardia Pérez, a former member of its Board of Directors, in recognition of his invaluable contributions, leadership, and commitment to institutional strengthening and the development of the International Banking Center.
The net loan portfolio of the International Banking Center (CBI for its acronym in Spanish) grew by 5.91%, reaching USD 100,578.9 million, representing a year-on-year increase of USD 5,608.4 million compared to the same period of the previous year. This performance consolidates the loan portfolio as the main driver of asset expansion as of November 2025, according to the Banking Activity Report (IAB) issued by the Superintendency of Banks of Panama (SBP).
The Superintendent of Banks of Panama, Milton Ayón Wong, presented the SBP’s 2025 report on advances in Anti–Money Laundering, the Financing of Terrorism, and the Financing of the Proliferation of Weapons of Mass Destruction (AML/CFT/CFP), during the Expanded Meeting of the National Commission against Money Laundering (CNBC), a forum that brought together key stakeholders from Panama’s financial system.
The Board of Directors of the Superintendency of Banks of Panama (SBP) has appointed Board members Felipe Echandi Lacayo and David Davarro Palacios as Chair and Secretary, respectively, for the term spanning December 16, 2025, to December 15, 2026.