PROFESSIONAL TRUST, S.A.
Appointment of Cubias & Fung as new Resident Agents in replacement of Gasparino Fuentes Troestch
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Banco Pichincha Panamá, S.A.
Banco Pichincha Panamá, S.A.
Banco Pichincha Panamá, S.A. – New Board of Directors
• Fidel Esteban Egas Sosa / Director-President
• Simón Acosta Espinosa / Director-Vice President
• Clara Díaz de Sotelo / Independent Director-Secretary
• Alejandro Ribadeneira Jaramillo / Director
• Evan Acosta Sardiña / Director
• Fabián Mora Vásconez / Alternate Director
• Xavier Donoso Salazar / Alternate Director
• Miguel Moreno Jiménez / Alternate Director
• Gianina Martinelli de Correa / Independent Director
ABANCA CORPORACIÓN BANCARIA (OR)
ABANCA Corporación Bancaria
General Manager: Juan Ignacio Prado Sánchez
BAC International Bank Inc.
BAC International Bank Inc. – New Board of Directors
• Rodolfo Tabash Espinach / Director-President
• Ana María Cuellar de Jaramillo / Director-Vice President
• Daniel Pérez Umaña / Director-Secretary
• Álvaro de Jesús Velásquez Cook / Independent Director-Treasurer
• Carlos Ricardo Henrique López / Independent Director
• Diego Valdés Moreno / Independent Director
• Ana María Moreno Rubio / Independent Director
• Patricia Beatriz Pascual Landa / Independent Director
Banco General, S.A.
Appoint Mr. Francisco Sierra Fábrega new General Manager effective from 1st January 2024
New Board of Directors – effective from 1st January 2024
• Juan Raúl Humbert Arias / Director-President
• Francisco Sierra Fábrega / Director-Executive Vice President-General Manager
• Juan Ramón Brenes Stanziola / Director-Secretary
• Carlos Alberto Motta Fidanque / Director-Treasurer
• Raúl Alemán Zubieta / Director
• Álvaro Alfredo Arias Arias / Director
• Francisco Salerno / Director
• Osvaldo Mouynes / Director
BAC BANK, INC.
By Resolution SBP-BAN-R-2023-01348, dated 17th October 2023, Resolution SB No. 80-2002, dated 21st October 2002 was annulled. This resolution granted an International Banking License to BAC Bank, Inc., and the license was subsequently canceled.
Net Credit and Deposit Portfolios are Still Growing in October 2023
The net credit portfolio of the International Banking Center (CBI) reached a total of USD 87.096 billion, reflecting a 4.3% or USD 3.60 billion increase in October 2023 compared to October 2022 when it totaled USD 83.49 billion, as revealed by the Banking Activity Report (IAB) for October 2023.
Corporate Banking Credit Portfolio Continues Growing in the Third Quarter of 2023
As of the end of the third quarter of 2023, the corporate banking credit portfolio of the National Banking System (SBN) grew by 4.2% year-on-year, reaching a total of USD 60.58 billion. The data suggests widespread growth in several economic sectors, with a particular emphasis on the corporate and household components, as revealed by the Banking Activity Report (IAB) for September 2023.
XXVI ANNUAL ASSEMBLY OF THE ASSOCIATION OF BANK SUPERVISORS OF THE AMERICAS AND HIGH-LEVEL MEETING OF THE BASEL COMMITTEE ON BANKING SUPERVISION
In celebration of its 25th anniversary, the Superintendency of Banks of Panama (SBP) hosted the 26th Annual Meeting of the Association of Bank Supervisors of the Americas (ASBA), the 108th Board of Directors Meeting, and the High-Level Meeting of the Basel Committee on Banking Supervision (BCBS).
Corporate Banking Credit Portfolio Grows 5% in August 2023
According to August 2023 Banking Activity Report (IAB) released by the Superintendency of Banks, the credit portfolio within the corporate banking segment of the National Banking System exceeded USD 60 billion. This marks a significant 5% growth in August 2023, equivalent to an additional USD 2.89 billion, compared to August 2022 when the portfolio was valued at USD 57.17 billion.