Panama sees limited risk from US, European bank problems
This article is a summary of reporting by Reuters. Originally published March 16, 2023.
Panama's banking authorities noted that the country's international banking center held approximately $140 billion in assets by late 2022, reflecting a 5% increase over the previous year. Officials confirmed that local and international institutions operating in the hub maintained solid liquidity and capital reserves. The assessment offered reassurance that turmoil in U.S. and European banking systems would have a limited impact on Panama's financial stability.
AI Summary
Panama's banking regulator reported that the country's international banking center faces minimal risk from global banking turmoil.
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