IBC a key element in economic reactivation
- Depositors are confident of the banking system.
- The modified [loan] portfolio shrunk by 59% or USD 13.69 billion.
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SBP presents its FECI Management Report at the Fourth Meeting of the Agricultural Cabinet
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...
CAF starts Technical Cooperation to Support the Implementation of Financial Education and the Design of the National Strategy for Financial Inclusion
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.
Continuous Education Strengthens the Institutional Development Strategy
During 2021, the Superintendency of Banks held 498 training sessions on topics related to technical knowledge, skills development, and complementary training.
IPACOOP and SBP sign a Cooperation Agreement to Promote Financial Education
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.
Financial System maintains a Solid and Resilient Position
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.
SBP participated in the “IV Convention on International Regulations”
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).
ANTAI recognizes SBP’s Transparency
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.
IBC Credit Portfolio Grew 1.9% as of October 2021
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.
SBP held the 2021 Journalist Training
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.