- SBP highlights the impact of digital transformation in onsite and offsite supervision

Consumer loans remain positive.
Liquidity and solvency indicators recorded 56.7% and 15.34%, respectively.

Amauri A. Castillo, Superintendent of Banks of Panama, attended the CVI Meeting of the Board of Directors of the Association of Supervisors of Banks of the Americas (ASBA), held on April 25 and 26, 2023.

The economic performance demonstrates the Panamanian productive sector’s capacity to overcome difficult situations.
The report displays the impact of interest rate hikes.

With the aim of understanding the Panamanian banking sector’s vision regarding its role in managing and adopting Environmental, Social, and Governance (ESG) criteria, including climate and social risks, the Superintendency of Banks of Panama (SBP) hosted the first Participatory Workshop with banks.

Bank liquidity and solvency exceed regulatory minimums.
Good payment performance is demonstrated by a 2.4% delinquency rate.

The Volunteer Committee of the Superintendency of Banks of Panama celebrated “Good Deeds Day” with various activities, including the creation of the school garden and a self-sustaining chicken coop at Centro Educativo Multigrado Las Zanguengas, located in the community of Las Zanguengas, Panama Oeste.

The Superintendent of Banks of Panama, Amauri A. Castillo, attended the Technical Agenda and General Assembly meetings of the Central American Council of Banks, Insurance, and Other Financial Institutions Superintendents (CCSBSO) held in Guatemala on April 13 and 14, 2023.

For the second year, ‘Tu Balboa con Sentido’ and the Superintendency of Banks of Panama are participating in the 59th edition of the Azuero International Fair (FIA), where the Azuero community and visitors will learn, in an engaging manner, about saving and budgeting, how to manage money, as well as financial advice, free of charge.

The technical staff of the Superintendency of Banks of Panama (SBP), comprised of Roxana Castillo, Director of Supervision of Financial Intermediaries and Trust Companies, and Ingrid Arboleda, Financial Analyst of the Financial Stability Division, attended the meeting of the Accounting and Financial Standards Committee organized by the Superintendency of Banks of the Dominican Republic and the Central American Council of Banks, Insurance, and Other Financial Institutions Superintendents (CCSBSO) in Santo Domingo, Dominican Republic, from April 19 to 22, 2023.

During the meeting, the progress of roadmaps of CCSBSO members to implement the International Financial Reporting Standards (IFRS) was presented.

Representatives from the superintendencies of Colombia, Costa Rica, El Salvador, Honduras, Nicaragua, the Dominican Republic, and Panama participated in the event.