News

The event was attended by Jorge Luis Almengor, Vice Minister of Finance; Amauri A. Castillo, Superintendent of Banks; the superintendents of Non-financial Reporting Entities and Insurance and Reinsurance (SSRP); and representatives from the financial sector.

The Superintendent of Banks, Amauri A. Castillo, and the Magistrate President of the Supreme Court of Justice, María Eugenia López Arias, signed a Cooperation Master Agreement. The purpose of this agreement is to establish a strategic alliance for the development of joint programs, training sessions, projects, and activities related to the banking and trust industries, as well as other matters pertaining to financial reporting entities.

Under the theme “Finance for Life: Strategies for a Sustainable Financial Future,” Kathy de Guardia, Director of International Projects and Affairs at the SBP, served as the guest speaker during the monthly update meeting hosted by the National Human Resources Association (ANREH, for its acronym in Spanish).

We are actively working to enhance financial literacy in the country. This time, the Financial Education program “Tu Balboa con Sentido,” under the leadership of the Superintendency of Banks, hosted the “Savings and Financial Plan” workshop for the Institutional Protection Service (SPI, for its acronym in Spanish) agents. During the workshop, participants gained knowledge about setting financial goals and managing personal finances.

The Superintendent of Banks, Amauri A. Castillo, delivered the opening remarks at the “Anti-Money Laundering, Countering the Financing of Terrorism and the Proliferation of Weapons of Mass Destruction (AML/CFT/WMD): Risk-based Approach Supervision, Financial Services and Products” Workshop organized by the Superintendency of Banks of Panama (SBP).

A group of Junior students majoring Banking and Finance, along with members of the faculty from Universidad Autónoma de Chiriquí, visited the headquarters of the Superintendency of Banks of Panama (SBP).

- 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.

The Superintendency of Banks of Panama (SBP) celebrated its 25th anniversary with a thanksgiving mass at Santuario Nacional del Corazón de María.

The Eucharist was presided over by Monsignor José Domingo Ulloa, Archbishop of Panama, and concelebrated by temple priest Freddy Ramírez.

The religious ceremony was attended by the Superintendent of Banks, Amauri A. Castillo, members of the Board of Directors, the Secretary-General, the executive staff, and over 400 institutional employees.

A revamped version of the previous website, featuring innovative content and enhanced user-friendliness, was unveiled.
The regulatory body aims to provide an outstanding information platform that is incredibly useful for its visitors.

The International Banking Center (CBI) is regaining its performance in 2022 in terms of assets, financial intermediation volume, and profitability, as emphasized by the Superintendent of Banks, Amauri A. Castillo, during the presentation of the December 2022 results.

According to the Banking Activity Report (IAB) issued by the Superintendency of Banks of Panama, the assets of the International Banking Center (CBI) exhibited an accelerated expansion rate, thanks to the improved performance of the net credit portfolio as of January 2023.

The results of CBI’s net credit portfolio showed a growth of 12.1% as of January 2023, reaching a total of USD 83.37 billion. This represents a substantial year-on-year difference of USD 9.03 billion compared to January 2022.