Adriana Raquel Carles Rojas took office as new a member of the Board of Directors of the Superintendency of Banks of Panama (SBP), at the Office of the Ministry of Economy and Finance, H.E. Héctor Alexander.

The domestic loan portfolio showed a significant improvement as of June 2022 by recording USD 56.59 billion, a USD 2.37 billion or 4.4% increase versus June 2021.

The Banking Activity Report of the Superintendency of Banks of Panama (IAB, for its acronym in Spanish) highlights that, as of the fifth month of the year, the banks’ loan portfolios keep showing an upward trend, where all new loans segments have accumulated positive results.

For the Superintendency of Banks of Panama (SBP) is of vital importance to promote the modernization of the domestic financial system, with new technological businesses that allow financial inclusion, within a fit and flexible regulatory framework and that seeks to place easy, friendly, and secure financial solutions within the underserved public’s reach, thus allowing responsible innovation.

The uncertainly of the international context due to geopolitical threats has not prevented the International Banking Center (IBC) from recording better results. Proof of this is that the Banking Activity Report (IAB, for its acronym in Spanish), as of April 2022, reported an accumulated net profit of USD 648 million, a 54.6% growth versus April 2021, when it recorded USD 419 million.