Panama's risk of contagion from banking woes in the United
States and Europe is "very limited", an official with banking
regulator SBP said on Thursday, adding that local lenders have
no exposure from interbank deposits or other investments.
"We can count on a very solid banking system," Amauri
Castillo, an SBP superintendent, said at a conference in Panama
City.
Panama's international banking center (CBI) held assets
totaling some $140 billion at the end of last year, up 5% from
2021.
Castillo said last week while presenting 2022 results that
key variables were all "robust," including solvency, adequate
capital and liquidity levels, with results showing profits rose
45% from 2021, landing ahead of pre-pandemic levels.
At the end of last year, Panama's national banking
system reported a capital adequacy ratio of 15.34% and
liquidity ratio of 57%.
(Reporting by Milagro Vallecillos; Writing by Sarah Morland;
Editing by Anthony Esposito and David Gregorio)
(Adds details)
PANAMA CITY, March 16 (Reuters) -
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