Panama's Banking Center Expands

The Superintendency of Banks of Panama (SBP) announced the official incorporation of a major regional entity into the Panama International Banking Center, underscoring the jurisdiction's strength and appeal to world-class institutions.

New License Granted to BBVA Colombia

On July 11, 2025, the SBP, through Resolution SBP-BAN-R-2025-00416, formally granted an International Banking License to BANCO BILBAO VIZCAYA ARGENTARIA COLOMBIA S.A. (BBVA Colombia S.A.). This decision was made after verifying the bank’s full compliance with all requirements under Panama's stringent banking regulations.

As a result, BBVA Colombia S.A. will establish an office in the country, from which it can begin operations.

Scope of Operations

The International Banking License specifically empowers BBVA Colombia S.A. to conduct transactions that are finalized, consumed, or take effect outside of Panama. It also permits them to engage in other activities as previously authorized by the SBP. This type of license is central to Panama's role as a regional hub for offshore and cross-border financial services.

Bolstering Panama’s Financial Reputation

The entry of BBVA Colombia S.A. is significant. The bank is part of the global BBVA S.A. (Spain) financial group, a prominent institution with a solid, 165-year history and a presence in 25 countries.

The SBP explicitly stated that the incorporation of such a recognized entity "strengthens the positioning of Panama as a solid, reliable, and competitive international financial center." This confidence stems from Panama’s robust regulatory framework and banking supervision, which is consistently aligned with the highest international standards for security, transparency, and efficiency.

What This Means

This move reaffirms the SBP's commitment to the stability, integrity, and growth of the national financial system. For our clients and the broader financial community, it signals continued confidence in Panama's regulatory environment and its enduring status as a primary hub for international financial operations. The center remains a secure and competitive location for top-tier global financial institutions.