Travis L. Taliaferro V.
  • Home
  • About
  • Research
  • Sustainability
  • ART
  • Resources
    • Panama General Info
    • Panama Canal
    • Panama Water
    • Panama Energy
    • Panama Food
    • Panama Financial Sector
    • Panama Lifestyle
  • Blog
  • Contact
  • More
    • Home
    • About
    • Research
    • Sustainability
    • ART
    • Resources
      • Panama General Info
      • Panama Canal
      • Panama Water
      • Panama Energy
      • Panama Food
      • Panama Financial Sector
      • Panama Lifestyle
    • Blog
    • Contact
Travis L. Taliaferro V.
  • Home
  • About
  • Research
  • Sustainability
  • ART
  • Resources
    • Panama General Info
    • Panama Canal
    • Panama Water
    • Panama Energy
    • Panama Food
    • Panama Financial Sector
    • Panama Lifestyle
  • Blog
  • Contact
Lets talk about

Panama: Latin America’s Financial and Investment Hub

Panama City is a major world center for international banking and  related financial activity. The absence of currency exchange controls  allows cash to flow in and out of Panama freely, enticing investors to  bring their banking activities to Panama.

Find out more

Panama Financial Hub

International Bank Center

Panama has a well-developed banking system and has become an important  international banking hub for years, now the hub has 62 banks in the  Bank Center.

Types of Banks in Panama

The Banks in Panama are categorized by the Panamanian Banking Law in three different types of Banks, according to the license granted:

  • General License Bank, 
  • International License Bank, and 
  • Representation  Office License; 
  • additionally, there are two State Owned banks

State Bank

These banks can be generally viewed as safe and with good ratings.

The State Banks as their name implied are banks owned by the Government of Panama and under the Panamanian Banking Law.

They can perform business only in Panamanian territory.

General License Bank

This license type is the more commonly used among the Banks in Panama, in fact in the List of Banks in Panama, you will find that the 60% of the Banks in Panama are under a General License.

This  type of license allows the Bank to do business in Panamanian territory  as well as abroad, and therefore the more widely used.

International License Bank

 Only 36% of the Banks in Panama are under an International License.

This type of license allows the Bank to do business only overseas Panamanian territory.

The Ministry of Economy and Finance of Panama

MEF´s Mission

To formulate economic and social policy, administer and provide resources for the execution of government plans and programs, promoting the greater well-being of the population.

Minister of MEF

Hector Alexander

Superintendency of Banks of Panama

What is the Superintendency of Banks ?

The Superintendency of Banks of Panama is the official entity in the Republic of Panama that is in charge of banking and fiduciary supervision.

Functions of the Superintendency of Banks

  • Ensure that banks maintain appropriate solvency and liquidity ratios to meet their obligations.
  • Strengthen and foster favorable conditions for the development of Panama as an international financial center.
  • Promote public confidence in the banking system.
  • Develop the provisions of the banking system.
  • Impose the corresponding sanctions on those who carry out the banking business without being duly authorized.
  • Exercise the functions assigned to it by the laws of the Republic.

Panama Banking Law

Liquidity Requirements

 All  Banks must maintain, at all times, a minimum balance of liquid assets  equivalent to the percentage of the gross total of their deposits to be  determined periodically by the Superintendency. This percentage shall  not exceed thirty five percent (35%) and until the Superintendency  decides otherwise, that percentage will be thirty percent (30%).

Banking Supervision


All  banks that engage in banking business in the Republic of Panama, are  subject to inspection and supervision of the Superintendence to confirm  their financial stability and structure of compliance with the  provisions of the Banking Law.

Panama Financial Activities

With Superintendent of Banks of Panama

 Amauri Castillo and son, at an event of the Panamanian Association of Executives 

IDB

Had a special discussion session with The Topic: "The Future of Work" with Mrs. Carmen Pagés, Head of the Labor Markets Division of the Inter-American Develpomnet Bank

FINTECH

Presenting "Fintech" solutions in Panama

Want to know more about Panama?

Lets talk about the Sustainable Development Goals!

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


  • Home
  • About
  • Research
  • Sustainability
  • ART
  • Valle Escondido
  • Panama General Info
  • Panama Canal
  • Panama Water
  • Panama Energy
  • Panama Food
  • Panama Financial Sector
  • Panama Lifestyle
  • Blog
  • Investment Opportunities
  • TT

Powered by ART

Cookie Policy

This website uses cookies. By continuing to use this site, you accept our use of cookies.

Accept & Close