New rules for Panama banks
The measure that was approved establishes regulations for credit risk capital, and is applicable to all entities operating under the local system.
Monday, October 13, 2008
Due to the growth and evolution of the risk profiles in existing credit portfolios, the Panama Superintendence of Banks (SBP) approved Accord No. 5-2008 on October 1, 2008.
The Superintendency of Banks has approved the Agreement No.4-2013, which establishes rules on the management and administration of credit risk.
Six new institutions want to join the 94 that make up the banking center which operates in the country, whose assets grew by 35% in the last three years.
Tomorrow the Superintendence of Banks (SIB) will request that the Monetary Board approve a modification of the Regulations for Credit Risk Management.
Moody's warns of the risks faced by banks in Central America in the context of a rising trend in interest rates and dollarization of their loan portfolios.
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