The Superintendency of Banks of Panama (SBP) hosted the Fifth Supervisory College of Ficohsa Financial Group. This meeting was intended to reinforce the exchange of information, allowing supervisors from four jurisdictions (including Panama) to have a clearer view of the banking group’s risk profile.

“We will be able to face the challenges this pandemic has brought us, as long as we maintain a transparent and fluid communication both at the supervisory level and with our regulated parties,” said the Superintendent of Banks of Panama, Amauri A. Castillo, when closing the Fifth Supervisory College of Lafise Group.

Una delegación de altos funcionarios de la Comisión Nacional de Bancos y Seguros (CNBS) de Honduras, conformada por el Lic. Evasio Asencio, comisionado Propietario, Lic. Evin Andrade, superintendente de Bancos y Otras Instituciones Financieras, y el Lic. Daniel Gómez Santeli, gerente de Riesgos, visitaron recientemente la Superintendencia de Bancos de Panamá, con el propósito de ampliar sus conocimientos sobre la supervisión transfronteriza de los grupos bancarios regionales.

The decrease in interest income, associated with the slowdown in credit provisioning expenses, has impacted the accumulated net profits of the International Banking Center (IBC), which as of May 2021 registered USD 520.6 million, 15.4% less that that of May 2020, as revealed by the banking Activity Report of May 2021 issued by the Superintendency of Banks.

The Supervisory College, which was recently held in virtual format, included previous work sessions, in working groups with banking and financial regulators where the group has presence: Guatemala, Honduras, El Salvador and Panama.

By means of the Board of Directors’ General Resolution SBP-GJD-0004-2021 dated 21 June 2021, the Superintendency of Banks of Panama sets a new phase, aimed at restructuring the loans of debtors who, despite of being in a temporary liquidity restriction, are willing to meet their obligations.

With the aim of fostering the exchange of information and permanent cooperation in supervision, the Fifth Supervisory College of Grupo Promerica was held, led by the Superintendency of Banks of Panama (SBP) as home supervisor.

The International Banking Center recorded accumulated net profits, as of April 2021, of USD 418 million, 16.1% less than that of April 2020.

As of Tuesday, June 1, 2021, bank clients will have at their fingertips the scheduling of appointments through the mobile application “Fluyapp,” to go to the Superintendency of Banks of Panama (SBP) to make inquiries or lodge bank complaints.

With the aim of contributing to the preservation of the environment and strengthening the in-house recycling project “Reciclando por la gente y el ambiente” (Recycling for the People and the Environment), a Cooperation and Assistance Agreement was entered between the Superintendency of Banks of Panama (SBP) and Fundación de Acción Social por Panamá (FAS Panamá).