Webinar: Investment Opportunities
Panama Banking System
December 02, 2021
In order to address the regulatory framework and private investment opportunities that contribute to the achievement of the objectives set by the government of Panama, a Web Seminar entitled: Investment Opportunities in the Banking System of Panama, was prepared to present the various activities on the future development of the banking sector, the new financial regulations and business opportunities that the country presents thanks to both.
We were accompanied by PANUS Chamber of Commerce, the Banking Association of Panama, the Superintendency of Banks and Banco Santander. All entities intervened through excellent professionals in the banking field.
The main topics of discussion in the panel involved: the international approach to the future of the financial sector and the new post pandemic trends, the development of the banking business in Panama and in the future (business opportunities) and the facilities of the banking and financial system of Panama.
Panama's banking system has experienced remarkable growth in recent decades. In the last 20 years there have been mergers, transformations and incorporations of new banks that have made Panama one of the most important financial centers in Latin America.
The Panamanian banking sector has certain qualities that differentiate it from other countries in the region:
- Absence of a Central Bank
- Use of the dollar as the local currency
- Territorial taxation
- Direct discount" law
- Law of encrypted accounts and banking secrecy.
- Low entry barriers
- High competition