Panama Banking Regulator for Panama Banks

The banking regulator of Panama is the Superintendency of Banks in Panama (SBP). It's responsible for overseeing and managing Panama’s financial system.

In this article, we’re exploring the banking regulator of Panama. More specifically, its responsibilities in overseeing and managing all financial institutions and their customer support and banking services offered.

This article is part of our free series on Panama banking services. You can access this series right now by using the link above.

In addition to detailed account opening guides, this free series on Panama banking also discusses the largest banks in Panama, Panama opening requirements, the costs of banking in Panama, and much more. Use the link above to start exploring all of your free Panama banking content right now.

Alternatively, use the table of contents to continue exploring more information on the banking regulator of Panama.

Table of Contents

  1. Panama Banking Regulator
  2. Frequently Asked Panama Banking Questions
  3. Do You Want to Open a Panama Bank Account?

Panama Banking Regulator

Panama’s banking regulator, the Superintendency of Banks in Panama, was founded in 1998. It is responsible for the oversight and regulation of all financial institutions that operate in the country. 

The Superintendency of Banks in Panama is also responsible for protecting consumers through Panama’s banking secrecy protocols, preventing financial crime, and ensuring the country’s financial system is stable. Panama’s banking regulator does this by ensuring financial institutions are following compliance procedures according to Panama’s banking license regulations and adhering to proper banking practices.

Is There a Central Bank in Panama?

No, there is no central bank in Panama. The official currency of Panama is the United States Dollar, making it a dollarized economy. The Superintendency of Banks oversees, manages, and regulates all financial institutions in Panama.

If you are interested in learning more about banking in Panama, don’t forget to visit our comprehensive guide on Banking in Panama, available in the link above.

Alternatively, if you would like to explore all of your offshore banking options, download our free guide and compare Panama to some of the top banking jurisdictions available.

Do You Want to Explore All Your Offshore Banking Options?

Frequently Asked Panama Banking Questions

Below are a few of the most common questions we receive from people exploring the banking regulator of Panama. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.

What Banking System Is in Panama?

Panama’s banking system is regulated by the Superintendency of Banks where it oversees the stability, compliance, and transparency of all financial institutions in the country. Panama’s banking system is both resident and non-resident-friendly, offering a wide range of financial services, including multicurrency accounts, remote account opening, wealth management, investment services, and much more.

Who Is the Superintendent of Banks in Panama?

The Superintendent of Banks in Panama is Amauri Castillo. The purpose of the superintendent is to oversee and regulate Panama’s banking sector. Amauri Castillo plays a critical role in managing Panama’s banking sector.

What Regulator Regulates Banks?

Banks in Panama are regulated by the Superintendency of Banks in Panama (SBP). The Superintendency of Banks in Panama regulates and maintains Panama’s banking sector by implementing banking regulations and managing and overseeing all banking activities in Panama.

Do You Want to Open a Panama Bank Account?

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GlobalBanks Team
GlobalBanks Team

The GlobalBanks editorial team comprises a group of subject-matter experts from across the banking world, including former bankers, analysts, investors, and entrepreneurs. All have in-depth knowledge and experience in various aspects of international banking. In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies.

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