Panama adopts temporary measures in response to the financial crisis

Responding to the international financial situation the Panamanian Bank Superintendent's Office has decided to adopt temporary measures.

Tuesday, November 11, 2008


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According to Resolution 8-October 31, 2008; at the request of a bank, the Superintendent's Office may approve a resolution to the effect that obligations issued by the Panamanian government, US Treasury bonds and notes and Latin American government debt within its investment portfolio be transferred from the category of securities available for sale to the category of term securities.

More on this topic

Costa Rica Extends Measures for Banking Liquidity

March 2009

In response to the local and global economic crisis, the liquidity measures taken in October 2008 were extended by nine months.

In October 2008, the National Council of Financial System Supervision (CONASSIF) decided to relax some of the risk indicators required of financial institutions to strengthen their liquidity.

$290 million for Guatemalan banks

January 2009

The Monetary Board extended the term of the money table for domestic banks up to May 31.

Prensalibre.com reports: "The measure allows banks to get funds via repurchase agreements that were authorized on 1 November 2008 and which would have expired on 31 January 2009.

The option of opening a window to provide liquidity in dollars came from the decision of the correspondent banks to cut or reduce lines of credit to local banks."

Guatemala: Banking System has $3,450 million

September 2011

Funds in the banking system have increased by 10.34% so far this year.

Data provided by the Superintendency of Banks (SB), indicates that loan funds have reported increases year after year. Figures up to December 2008 amounted to $2,449 million, for December 2009 it was $3,013 million, and the balance in December 2010 showed an increase of 4.2%.

Guatemalan banks request extension of money table

January 2009

The banking sector requested that the term for the temporary measure of providing liquidity in US dollars via repo transactions be extended.

Sigloxxi.com reports that "Jose Angel Lopez Camposeco, president of the Banking Association of Guatemala (ABG) and the Rural Development Bank (Banrural), commented that the measure worked, "because it is an instrument which gave signals that in case of any need for or suspension of credit, we have resources available."

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