The Board of Directors of the Superintendency of Banks of Panama (SBP) has appointed directors Rafael Guardia Pérez and Adriana Raquel Carles as Chairperson and Secretary of the board, respectively.
During the Ordinary Meeting of the General Assembly of the Central American Council of Banking, Insurance, and Other Financial Institution Superintendents (CCSBSO), held in Tegucigalpa, Honduras, from December 4 to 6, 2024, the Superintendent of Banks of Panama, Milton Ayón Wong, assumed the Vice Presidency of this important regional organization.
In 2024, Panamanians' Christmas savings reached a historic total of USD 244 million, benefiting 445,133 savers. This result marks a 15% growth compared to the previous year, indicating a stronger commitment from families toward financial planning.
The operations of Panama’s International Banking Center (IBC) continue to evidence steady credit growth. Over the past year, the credit portfolio increased by 9.1%, reaching a total of USD 94.1 billion, while total assets rose by 6.9%, surpassing USD 150 billion for the first time.
The Superintendency of Banks of Panama organized the seventh Supervisory College of the Promerica Group, bringing together representatives from this important financial group to present their corporate strategies related to their business.
As of the end of August 2024, the International Banking Center (IBS) achieved notable growth in its loan portfolio, according to the Banking Activity Report (IAB) from Panama's Superintendency of Banks.
The Superintendent of Banks, Milton Ayón Wong, inaugurated the VII Awareness Session titled "Strengthening Financial Integrity towards ML/FT/FPWMD Risk," organized by the Directorate of Prevention of Money Laundering and Illicit Operations of the SBP.
As part of the 2024 Continental Training Program, the Association of Supervisors of Banks of the Americas (ASBA) conducted an in-person course on Liquidity Risk in Panama City, from September 30 to October 3, 2024.
The balance of consumer loans granted by banks with a general license in Panama has shown sustained growth of 4.43%, reaching a total of USD 13,9 billion, according to the Banking Activity Report (IAB) as of July 2024, issued by the Superintendency of Banks of Panama (SBP). This increase is equivalent to USD 592 million more than in the same period of the previous year.
As of June 2024, the credit portfolio, and deposits of the International Banking Center (CBI) have shown sustained growth, according to the Banking Activity Report issued by the Superintendency of Banks of Panama (SBP).
