The Minister of Economy and Finance, Héctor Alexander, presided over the swearing-in and taking office ceremony of María de Lourdes Marengo as a new member of the Board of Directors of the Superintendency of Banks of Panama.
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The Ministry of Education (Meduca) and the Superintendency of Banks of Panama (SBP) are collaborating to implement the National Strategy for Financial Education (NSFE) in Panamanian public schools. As part of this initiative, workbooks have been developed to teach elementary school students the basic concepts of responsible financial resource use and to promote a culture of saving money from an early age.
Tu Balboa con Sentido (TCBS) and the Superintendency of Banks of Panama (SBP) are participating in the International Book Fair (stands 69 and 70), held at Centro de Convenciones Atlapla (Atlapa Convention Center) from August 15 to 20. Attendees will have the opportunity to learn in an engaging manner about savings, budgeting, how money works, and receive financial assistance free of charge.
The Law and Political Science School celebrates “Lawyer Week.”
The Court of Auditors conducted an awareness training session for the administrative staff of the SBP regarding Law 67, dated 14 November 2008.
The Superintendency of Banks of Panama (SBP), as the banking and trust supervisor and regulator, is committed to providing continuous training to the entities under its supervision. This commitment aims to strengthening compliance and enhance the management of money laundering risks.
As part of the internal Sustainable Development Goals (SDG) awareness campaign, the Volunteers Committee of the Superintendency of Banks of Panama (SBP) participated in a productive training session.
Panama hosted the General Assembly and Board of Directors meeting of the Central American Council of Superintendents of Banks, Insurance and Other Financial Institutions (CCSBSO, for its acronym in Spanish) on July 27 and 28, 2023.
Loans to the construction sector increased by 1.2%, marking the first positive outcome since May 2018.
The performance of the credit portfolio has a positive impact on the assets of the CBI.
Banking access is of utmost relevance in the current economic and social context, as it has the power to transform lives and communities.
The Board of Directors of the Superintendency of Banks of Panama (SBP) appointed Messrs. Felipe Echandi Lacayo and David Alberto Davarro as Chairman and Secretary of said body, respectively.
The Superintendency of Banks of Panama (SBP) held the “2022 Meeting with Journalists” to update reporters on topics of interest regarding the supervisory and regulatory management of the institution.
The International Banking Center’s (IBC) loan portfolio show signs of improvement in terms of profitability and risk indicators, according to the statistics of the Banking Activity Report of October 2022, issued by the Superintendency of Banks of Panama (SBP).
The Superintendent of Banks, Amauri A. Castillo, along with the Deputy Director of Banking Supervision, Luis Barahona, and the Environment Analysis Manager, Patricio Mosquera, attended the 10th Joint Meeting of the Central American Monetary Council (CMCA, for its acronym in Spanish) and the Central American Council of Superintendents of Banks, Insurance and Other Financial Institutions (CCSBSO, for its acronym in Spanish), a physical and virtual event held in San José, Costa Rica.
Because of the negative effects that climate change could trigger in the financial system, the Board of Directors of the Superintendency of Banks of Panama (SBP) approved Rule 11-2022, dated 1 November 2022, “Whereby number 13 is added to Article 4 of Rule 8-2010 on Comprehensive Risk Management.”
The National Banking System’s (NBS) domestic portfolio recorded increases in the gross loan portfolio amounting USD 58.14 billion, with a 12-month performance of 6.2% (USD 3.41 billion), a figure related to greater qualified loan demand, as indicated in the Superintendency of Banks’ Banking Activity Report as of the end of IIIQ2022. According to these data, the private banking loan portfolio recorded the highest annual growth since January 2018.
The Superintendency of Banks of Panama (SBP) formalized its adherence to the Central American Green Taxonomy Project. The initiative, which also includes the banking systems of Colombia, Ecuador, and the Dominican Republic, aims to help financial players and other stakeholders determine which investments can be identified as green investments within their jurisdictions.
The Board of Directors of the Superintendency of the Securities Market (SMV) recently approved the appointment of Mr. Eduardo Lee as its representative to the Board of Directors of the Superintendency of Banks of Panama.
Panama, October 4, 2022.- The Inter-American Development Bank (IDB), together with the Superintendency of Banks of Panama (SBP) and the Panama Banking Association (ABP, for its acronym in Spanish), presented the “Integrity Handbook for the Banking Industry”, tailored specifically for the banks and the financial institutions in the market, to address the risks related to the lack of transparency that these entities could face during the performance of their activities.