PANAMA CITY — Panamanian banks are set to inject a record USD 272 million into the retail economy this holiday season, as a surge in dedicated “Christmas savings” accounts underscores a strategic shift among households […]
Panama’s Retail Savers Amass $272 Million for Holidays, Shunning Consumer Debt Read More »
PANAMA CITY, Dec 8, 2025 (PBI) – Davivienda Group has officially closed its acquisition of The Bank of Nova Scotia’s (BNS) operations in Colombia, Costa Rica, and Panama, marking a transformative expansion that reshapes the
PANAMA CITY, Dec 8 (PBI) – Davivienda Group has finalized the integration of Scotiabank’s operations in Panama, marking the completion of one of the most significant banking mergers in the region this decade. The move
PANAMA CITY, March 18, 2026 (PBI) – BAC International Bank has finalized the acquisition of a majority stake in Multi Financial Group (MFG), the sole owner of Multibank and its subsidiaries. The closing of the
BAC Completes Majority Stake Acquisition of Multibank Parent; Moves Toward Panama Merger Read More »
PANAMA CITY, December 12, 2025 (PBI) – BAC, one of Central America’s leading financial institutions, has announced the formalization of its regional headquarters, BAC Headquarters, in Panama City. The strategic move is designed to centralize
BAC Group Designates Panama as Regional Headquarters; Relocates Executive Leadership Read More »
PANAMA CITY, Nov 27 (PBI) – Panama’s International Banking Center (CBI) has surpassed a historic milestone, with its net credit portfolio reaching $100.09 billion as of October 2025, according to the latest Banking Activity Report
PANAMA CITY NOV 1 (PBI) — Seeking to bolster the resilience of the regional banking sector against complex institutional threats, the Superintendency of Banks of Panama (SBP) partnered with the U.S. Federal Reserve to conduct
Banco General integrates with ACH Xpress, expanding the network to 21 banks. Customers now gain 24/7 instant transfer access. ACH Xpress transaction volumes surged by 165.3% in 2024, showcasing rapid adoption and solidifying its role in Panama’s digital payment evolution. Discover the impact!
21 Banks Strong: ACH Xpress Welcomes Banco General Read More »
Panama is revolutionizing digital banking with Xpress, enabling instant interbank transfers via mobile numbers. Banco Nacional and BAC Panamá lead, simplifying transactions with enhanced security. More banks are set to join in 2025, making banking more accessible and convenient for everyday users. Experience seamless, secure transfers today!
Panama Banks Launch Mobile Xpress for Instant Transfers Read More »
Caja de Ahorros partners with Yappy to integrate digital payments, modernizing financial services for over 600,000 customers. Launching in July 2025, this service will streamline transactions for 55+ public institutions and provide access to 36,000 businesses and 1.6 million Yappy users, enhancing convenience and efficiency across Panama.
2025: Caja Ahorros, Yappy Partner for Digital Banking Boost Read More »
Caja de Ahorros facilitated over 4,020 families in obtaining homes in 2024, totaling B/.312 million. Continuing this momentum into 2025, they’re processing B/.176 million in mortgage applications. Participate in Expo Vivienda CAPAC 2025 and explore opportunities to buy a home, offering solutions that benefit all families.
Panama Homeownership: Caja de Ahorros’ $312M Boost Read More »
Panama’s CBI shows strong financial health in 2024, with assets reaching USD 156.39 billion. The net credit portfolio expanded by 9.1%, reflecting increased lending activity. The SBP is committed to strengthening regulation and modernizing payment systems to maintain stability and competitiveness.
Panama CBI: Strong 2024 Signals Banking Sector Resilience Read More »
Discover how ACH Xpress is reshaping Panama’s banking landscape, boasting over 2 million active users. Juan Melillo, Caja de Ahorros’ General Manager, hails the positive impact on financial experiences. Banistmo’s Aimeé Sentmat de Grimaldo emphasizes speed and security, while BAC Panama’s Ramón Chiari supports innovations for a simplified digital life. Despite the benefits, the article underscores the need to educate consumers on the gradual shift towards a more connected, digital economy.
Panama’s ACH Xpress: Redefining Banking Norms with Instant Transactions Read More »
Panama’s SBP enacts a 60-day reorganization for Atlas Bank, effective Dec 1, 2023. All banking operations suspended. Explore the implications and regulatory measures in place. Stay updated on this significant development in the financial sector.
Atlas Bank Panama: SBP Orders 60-Day Reorganization | Key Details and Implications Read More »
“Panama retains its top-tier status in Latin American financial inclusion, as revealed in Credicorp’s latest IIF Index. Despite a minor dip, Panama leads with 52 points, showcasing superior knowledge of financial products. The report unveils key insights into digital wallet adoption, savings trends, and trust in the financial system, solidifying Panama’s position as a regional leader in inclusive finance.”
Panama Shines in Credicorp’s Inclusion Index Read More »
Banco Aliado acquires Banco Panama and is strengthened within the strongest banks in the Panamanian banking sector. Banco Aliado through its subsidiary Allied Pacific Inc. has signed a promise agreement for the acquisition of Grupo
Banco Aliado acquires Banco Panama Read More »
Panama aims to lead Latin America’s digital economy by regulating cryptocurrencies. A new bill in the National Assembly seeks to foster innovation, attract investment, and drive economic growth. Deputy Gabriel Solís champions the initiative, urging colleagues to support the legislation for Panama to become a regional technology hub.
5 Ways Panama Could Lead LatAm’s Digital Economy Read More »
Panama is rapidly becoming a fintech hub with a 92% digital payment adoption rate. Digital wallets have surged by 72%, fueled by ease of use and internet access. Scotiabank highlights biometrics, cross-border e-commerce, and AI as key trends. This positions Panama as a leader in Latin America’s fintech evolution.
Panama’s Fintech Leap: Contactless Payments & Digital Dominance Read More »
The Panama Fintech Chamber launched its official website, fintechpanama.org, aiming to boost innovation and financial inclusion. Focused on PayTech, Lending/BNPL, Insurtech, RegTech, WealthTech, and DeFi/Cripto, the Chamber, led by Rafael Robinson, seeks to strengthen Panama’s fintech ecosystem and drive regional growth. Learn more!
Panama Fintech Chamber Launches Website, Fuels Innovation Read More »
Panama launches its Financial Innovation Hub (Finhub) to foster fintech growth and financial inclusion. Supported by regulatory bodies and the Inter-American Development Bank (BID), the Finhub aims to promote sustainable financial development and create a clear legal environment for emerging business models. This initiative positions Panama at the forefront of financial innovation.
Panama’s Innovative FinHub Launches for Financial Inclusion Read More »
The Superintendency of Banks of Panama (SBP) is piloting a plan to speed up bank account openings, boosting Panama’s competitiveness. The initiative involves collaboration with the financial sector, regulatory adjustments, and aims to enhance user experience for both local and foreign clients as Panama prepares for FATF evaluation.
Panama SBP’s Pilot Plan Streamlines Bank Account Openings Read More »
Panama hosted the “Build your Neobank (From Scratch)” program, drawing fintech leaders from Latin America. Discussions focused on launching and scaling neobanks, crucial for the region’s fintech evolution. Towerbank’s digital transformation was highlighted. Cloud solutions and digital payments are key to neobank success. Panama is solidifying its role as a regional fintech hub.
4 Keys to LatAm Neobank Success: Panama Hosts Fintech Training Read More »
Panama’s National Assembly approves Project Law No. 207, extending preferential mortgage interest rates. The state will cover up to 85% of interest, benefiting middle- and low-income families. Exclusively for Panamanian citizens and permanent residents, this law fosters sustainable real estate development and market integrity. Aims for a brighter future for homeowners.
Affordable Panama Homes: New Law Extends Mortgage Benefits Read More »
Mercantil Banco partners with Galileo to enhance digital banking via Cyberbank Digital, improving customer experience and innovation. This move strengthens Galileo’s presence in Latin America. The collaboration aims for a superior digital experience and positions Mercantil Banco for sustained growth in Panama’s evolving financial sector.
Fintech Boost: Mercantil Enhances Digital Banking with Galileo’s Cyberbank Read More »
A recent study reveals that Panama’s banking sector reputation lags behind the Iberoamerican average, with a score of 44.3/100. Panamanians prioritize banks’ social roles, including investment in education and environmental causes. Ethical conduct and accessible credit are critical for enhancing the reputation of Panama’s financial institutions. Learn more about these pressing issues.
Panama Banks: Weak Reputation, Strong Social Role Read More »
The U.S. is opposing IDB funding for projects involving Chinese state-owned enterprises in Latin America, citing concerns over China’s Belt and Road Initiative and regional security. Panama’s banking sector could be indirectly affected by these geopolitical tensions and shifts in investment flows. A delicate balancing act: securing economic development while navigating US-China tensions.
IDB Funding Under Fire: US Opposition to China-Backed LatAm Projects Read More »
PANAMA CITY – Panama’s electronic transaction volume and value saw significant growth in 2024, according to data from Telered, the country’s main transactional highway. Total transactions reached 349 million, with a processed value exceeding US$108.9
Panama’s Electronic Transactions Surge Past $108 Billion in 2024 Read More »
Panama City, Panama – January 22, 2024 – The assets of Panama’s International Banking Center (CBI) grew 4.2% year-over-year in November 2023, reaching $146.1 billion, according to data from the Superintendency of Banks of Panama.
Panama’s International Banking Center Assets Grow 4.2% in November Read More »
The Panama Banks October 2023 report unveils a 4.3% surge in the International Banking Center’s net loan portfolio, reaching US$87.1 billion. Despite a 4.9% dip in new credits, the sector adapts amid interest rate adjustments, emphasizing risk management for sustained financial health.
Panama Banking Credit Trends Report Read More »
Panama celebrates a positive shift as it exits the FATF gray list, gaining approval from credit rating giants S&P and Fitch. While hailed as a win for the financial system, the analysts emphasize that this triumph won’t alter Panama’s credit ratings. Insights from Joydeep Mukherji and Todd Martinez shed light on the implications, emphasizing the pivotal role fiscal challenges play in shaping the country’s economic trajectory. The removal from the FATF list marks a potential boon for foreign investment and an improved business environment in Panama.
S&P and Fitch React to Panama’s FATF Success – What it Means for Investors Read More »
Panama’s International Banking Center (CBI) witnesses remarkable growth, with assets soaring to $146.1 billion, marking a substantial $5.9 billion increase. Fueled by a robust credit portfolio, the report highlights a 4.2% year-on-year surge, showcasing the sector’s resilience and dynamic financial performance throughout 2023.
Panama’s International Banking Sees Impressive $5.9B Asset Surge in 2023 Read More »
According to an official bulletin from the Spanish government, the Ministry of Finance in Spain has excluded Panama from its official list of countries considered to be tax havens and non-cooperative jurisdictions, which will be
Spain Removes Panama from Official Tax Haven List for 2023 Read More »
Mr. Amauri Castillo has been appointed as the new Superintendent of Banks in 2020. The lawyer and specialist in finance and banking already worked in the Superintendency as Secretary, so he knows the management of
New Superintendent of Banks 2020 Read More »
New banking liquidity regulation was issued by the Superintendency whereby the provisions on liquidity risk management and the short-term liquidity coverage ratio are established. The document is based on Basel III and will be effective
New banking liquidity regulation for Panamanian Banks Read More »
The last Banking Activity Report revealed a few days ago with statistical information until October 2018, shows a small increase in domestic credit compared to October 2017, when comparing the credit portfolio of both Octobers,
Last Panamanian Banking Activity Report Revealed Read More »
The purchase of housing in conjunction with personal loans are the main drivers of the consumer credit in Panamanian Banks, according to a report by the Superintendency.
Know the 2 main drivers of the consumer credit in Panamanian Banks Read More »
Banistmo issued in the Panamanian capital market the first series of bonds of the Corporate Bonds Revolving Program for up to USD $300 million.
Banistmo issues $300 million in Corporates Bonds Read More »
According to the last report from superintendence, the Panamanian banks maintain an increase in profits. Reduction in external loans, deposit capture, and growth of domestic credit are the drivers of the profits of the International
Panamanian banks maintain an increase in profits Read More »
