- Depositors are confident of the banking system.
- The modified [loan] portfolio shrunk by 59% or USD 13.69 billion.
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As of Wednesday, February 23, 2022, the modification of the percentages for the distribution of the Special Interest Compensation Fund (FECI, for its acronym in Spanish) to the agricultural sector came into force, announced by the President of the Republic, Laurentino Cortizo Cohen...
The Development Bank of Latin America (CAF) is part of the multilateral institutions supporting the initiative for the implementation of the National Strategy for Financial Education (ENEF, for its acronym in Spanish) in Panama.
During 2021, the Superintendency of Banks held 498 training sessions on topics related to technical knowledge, skills development, and complementary training.
The Superintendency of Banks of Panama (SBP) and the Panamanian Institute of Autonomous Cooperatives (IPACOOP) signed a collaboration and cooperation agreement to continue raising the financial education of the Panamanian population.
According to the Banking Activity Report as of November 2021, new loans granted by the National Banking System (NBS) stood at USD 15.96 billion, which represents an increase of 17% versus the same period of 2020, when it reached USD 13.60 billion, i.e. USD 2.37 billion more.
The Superintendency of Banks of Panama (SBP) participated in the “IV Convention on International Regulations” held by the Instituto Guatemalteco de Contadores Públicos y Auditores (IGPA – Guatemalan Institute of Public Accountants and Auditors).
The National Authority for Transparency and Access to Information (ANTAI, for its acronym in Spanish) qualified and certified the Superintendency of Banks of Panama (SBP) with a score of 100 for reaching the maximum level in the annual assessment that measures compliance with Law 6 on Transparency in Public Management.
The net loan portfolio of the International Banking Center (IBC) recorded a 1.9% growth, as of October 2021, by amounting to USD 72.83 billion, USD 1.35 billion more than that of October 2020, when it totaled USD 71.47 billion.
The Superintendency of Banks of Panama (SBP) held the “2021 Journalist Training” for journalists specializing in the financial sector. The training was aimed at reinforcing knowledge on banking supervisory and regulatory matters.
The efficient and rational use of energy, the implementation of non-conventional technologies, and educational and outreach actions were the topics discussed at the meeting recently held between Dr. Yovani Barría, Project Coordinator of the National Energy Secretariat (SNE, for its acronym in Spanish) and members of the Energy Saving Committee of the Superintendency of Banks of Panama (SBP).
The Superintendency of Banks of Panama remains committed to share valuable information and experiences of the banking and fiduciary sector, with the help of renowned speakers, by holding the 19th Banking and Fiduciary Update Seminar entitled “The Challenges of an Inclusive Regulatory Framework in Judicial Management.”
“The new forms of financial business, powered by technology, are a potential source of investment and development for the country, which has led us to think outside the box.” With these remarks, the Superintendent of Banks, Amauri A. Castillo, opened the Anti-Money Laundering and Terrorism Financing Seminar that was held from October 26 to 28, 2021.
The Superintendent of Banks, Amauri A. Castillo, and members of the Financial Studies Division of the Superintendency of Banks of Panama participated in the National Competitiveness Forum 2021. The main topic of this year was “Boosting Competitiveness: Retaking the Strategic Roadmap.”
With the participation of 450 people, the Superintendency of Banks of Panama and Tu Balboa con Sentido program (TBCS, for its acronym in Spanish) held different activities to celebrate World Savings Day established on October 31.
In accordance with the vision of the National Strategy for Financial Education (NSFE) to ensure that the Panamanian people manages their economic resources in a responsible manner, to improve their quality of life and their environment, the Superintendency of Banks of Panama (SBP)
As of the end of September 2021, the domestic loan portfolio totaled USD 54.73 billion, a USD 586 million or 1.08% increase, according to the monthly Banking Activity Report (IAB, for its acronym in Spanish) issued by the Superintendency of Banks of Panama.
Committed to the development of the National Strategy for Financial Education (NSFE), which allows raising people’s culture in this matter, the Superintendency of Banks of Panama (SBP) is firmly stepping into that direction.
The banks that make up the International Banking Center (IBC) have demonstrated their commitment to ensuring the well-being of savers, by maintaining sound capital levels, with a capital adequacy ratio on risk-weighted assets of 16.43%, as of August, which represents an improvement to the ratio recorded in August 2020 when it reached to 15.98%.
“Panama at the face of tax evasion, corruption and other financial crimes in the new era” was the main topic of the Fifth Awareness Session 2021 hosted by the Superintendency of Banks of Panama (SBP), as part of its continuous training program addressed to the employees working for the different entities under our regulation and supervision.