Panama sees limited risk from US, European bank problems

PANAMA CITY, March 16 (Reuters) – Panama’s danger of contagion from banking woes in america and Europe is “very restricted”, an official with banking regulator SBP stated on Thursday, including that native lenders don’t have any publicity from interbank deposits or different investments.

“We are able to depend on a really strong banking system,” Amauri Castillo, an SBP superintendent, stated at a convention in Panama Metropolis.

Panama’s worldwide banking middle (CBI) held property totaling some $140 billion on the finish of final 12 months, up 5% from 2021.

Castillo stated final week whereas presenting 2022 outcomes that key variables had been all “strong,” together with solvency, satisfactory capital and liquidity ranges, with outcomes displaying income rose 45% from 2021, touchdown forward of pre-pandemic ranges.

On the finish of final 12 months, Panama’s nationwide banking system reported a capital adequacy ratio of 15.34% and liquidity ratio of 57%.

Reporting by Milagro Vallecillos; Writing by Sarah Morland; Enhancing by Anthony Esposito and David Gregorio

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