Banking Law in Panama

The Republic of Panama is currently one of the main banking centers worldwide. This assertion is evidenced by the establishment of more than 100 national and international banks, of recognized trajectory and importance in the international financial field.

It was precisely in response to this reality that our country promulgated Decree Law No. 9 of 1998, by which the Superintendency of Banks is created and the banking regime is reformed, in an effort on the part of the national government, as well as other members. of the financial sector in particular and of civil society in general, for keeping the Republic of Panama at the forefront in terms of the provision of banking services, keeping in tune with the latest trends and international agreements on this matter.

The Panamanian banking center offers a number of attractions for the investor, both local and foreign, due to the extensive experience in banking matters, which our country has and the stability of a financial center that has known how to combine its own principles and standards. of a system whose cornerstone is the protection of identity and other information related to the commercial activities of its clients (bank secrecy, fiduciary, etc.).

In addition, Panama has signed different international agreements on the prevention of money laundering and other illicit activities in financial matters; This reality has allowed the Panamanian Banking Center to currently achieve high levels of transparency and credibility in the international arena.

Our Firm specializes in providing advice on banking operations, mostly characterized by their complexity, before banking institutions and control institutions such as the Superintendency of Banks. It also provides advice to banking institutions, both national and international, in various aspects related to the normal course of their activities, such as the processing of banking licenses, mergers and acquisitions of other banks.