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 total index for capital adjustment cannot be less than 8% of average total of assets, plus the average out of balance operations that represent an irreversible backup based on their risk function.

More on this topic

Costa Rica: Limitations on Bank Loans

April 2017

By requiring banks to have additional capital requirements the Sugef aims to discourage consumer loans, mortgages and vehicles loans with long repayment terms.

Arguing that terms of over 30 years for housing loans and more than 5 in consumer loans encourages overindebtedness of Costa Ricans, the Superintendent of Financial Institutions (SUGEF) has presented a proposal to reform the rules on capital adequacy of financial entities, in order to require entities that carry out these credit operations to have additional capital.

Panamanian Banking Center Continues to Grow

August 2015

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.

Data from the Superintendency of Banks indicates that "... the banking center currently has 94 entities: 2 official banks, 18 Panamanian banks with a general license; 29 foreign banks with a general license, 29 internationally licensed and 16 representative offices.

Panama: New Rules on Bank Risk Management

June 2013

The Superintendency of Banks has approved the Agreement No.4-2013, which establishes rules on the management and administration of credit risk.

From a statement from the Superintendency of Banks:

New agreement strengthens administration and credit risk management

The Board of Directors of the Superintendence of Banks approved Agreement No. 4-2013, which establishes rules on the management and administration of credit risk.

Modification to Banking Regulations in Guatemala

December 2008

Tomorrow the Superintendence of Banks (SIB) will request that the Monetary Board approve a modification of the Regulations for Credit Risk Management.

Even though bank portfolios in arrears are not at a critical level, the SIB will request that the Monetary Board make the changes to the rules in order for banks to increase their reserves for bad debts (loans).

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