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).
The Superintendency of Banks of Panama (SBP) participated in the First Supervisory College conducted to Grupo Sura – Bancolombia Financial Conglomerate, led by the Financial Superintendency of Colombia (SFC, for its acronym in Spanish).
The Superintendent of Banks, Amauri A. Castillo, received a courtesy visit of the Head of Mission of the European Union Delegation, The Hon. Chris Hoornaert.
The International Banking Center (IBC) recorded accumulated net profits, as of March 2021, of USD 314 million, 32% less than that recorded in March 2020, as reflected in the Banking Activity Report of the Superintendency of Banks of Panama (SBP).
