The Superintendency of Banks of Panama (SBP) serves as the main counterpart, along with the Ministry of Economy and Finance (MEF), the Superintendency of the Securities Market (SMV), the Superintendency of Insurance and Reinsurance (SSRP), and other stakeholders in the banking and financial sector, in the Financial System Assessment Process (FSAP) of Panama.
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Michelle Arango, Secretary-General of the Superintendency of Banks, inaugurated the training seminar on “Supervision and Regulation of Financial Conglomerates,” attended by employees from the Superintendency of Banks of Panama (SBP), the Superintendency of the Securities Market (SMV), the Superintendency of Insurance and Reinsurance of Panama (SSRP), and the Public Employees Savings and Retirement Capitalization System (SIACAP).
- Banks have until December 31 to transition modified loans into the portfolio subject to normal collection treatment.
The modified loans portfolio decreased to 2.7% as of November 2022, representing a significant reduction from the 47.6% recorded in July 2020, as revealed in the final Banking Activity Report (IAB) of the year issued by the Superintendency of Banks of Panama (SBP).
This percentage indicates that pressures on asset quality are under control, highlights the SBP’s report.
The publications will be made available in both print and digital media.
The survey will provide information on financial and default interest rates, commissions, and other fees.
CBI deposits grew by 4.5% in July 2023.
As part of the SBP’s transformation and modernization plan, efforts and investments have been allocated in recent years to strengthen its technological infrastructure.
The Minister of Economy and Finance, Héctor Alexander, presided over the swearing-in and taking office ceremony of María de Lourdes Marengo as a new member of the Board of Directors of the Superintendency of Banks of Panama.
The Ministry of Education (Meduca) and the Superintendency of Banks of Panama (SBP) are collaborating to implement the National Strategy for Financial Education (NSFE) in Panamanian public schools. As part of this initiative, workbooks have been developed to teach elementary school students the basic concepts of responsible financial resource use and to promote a culture of saving money from an early age.
Tu Balboa con Sentido (TCBS) and the Superintendency of Banks of Panama (SBP) are participating in the International Book Fair (stands 69 and 70), held at Centro de Convenciones Atlapla (Atlapa Convention Center) from August 15 to 20. Attendees will have the opportunity to learn in an engaging manner about savings, budgeting, how money works, and receive financial assistance free of charge.
The Law and Political Science School celebrates “Lawyer Week.”
The Court of Auditors conducted an awareness training session for the administrative staff of the SBP regarding Law 67, dated 14 November 2008.
The Superintendency of Banks of Panama (SBP), as the banking and trust supervisor and regulator, is committed to providing continuous training to the entities under its supervision. This commitment aims to strengthening compliance and enhance the management of money laundering risks.
As part of the internal Sustainable Development Goals (SDG) awareness campaign, the Volunteers Committee of the Superintendency of Banks of Panama (SBP) participated in a productive training session.
Panama hosted the General Assembly and Board of Directors meeting of the Central American Council of Superintendents of Banks, Insurance and Other Financial Institutions (CCSBSO, for its acronym in Spanish) on July 27 and 28, 2023.
Loans to the construction sector increased by 1.2%, marking the first positive outcome since May 2018.
The performance of the credit portfolio has a positive impact on the assets of the CBI.
Banking access is of utmost relevance in the current economic and social context, as it has the power to transform lives and communities.
The Board of Directors of the Superintendency of Banks of Panama (SBP) appointed Messrs. Felipe Echandi Lacayo and David Alberto Davarro as Chairman and Secretary of said body, respectively.
The Superintendency of Banks of Panama (SBP) held the “2022 Meeting with Journalists” to update reporters on topics of interest regarding the supervisory and regulatory management of the institution.
The International Banking Center’s (IBC) loan portfolio show signs of improvement in terms of profitability and risk indicators, according to the statistics of the Banking Activity Report of October 2022, issued by the Superintendency of Banks of Panama (SBP).