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.

Tu Balboa Con Sentido has officially launched its social network accounts in Facebook, Instagram, and YouTube, where users can find information, images, videos and make financial education-related enquiries.

As part of the continuous training program for the regulated entities and supervisees, the seminar “Best Practices for an AML/TF/WMD System” was provided.

Aware of the need of supporting and ensuring permanent access to education, the Superintendency of Banks of Panama (SBP) donated office furniture to support the schools located in San Miguelito.

The Superintendent of Banks, Amauri A. Castillo, presented to the Budget Commission of the National Assembly the budget of USD 22.073 million for the fiscal year 2022.

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.