Regulatory Alerts2022-01-01
Added · Updated
Circular 035 (2022): Temporary Extension of Appraisal Reports
The Superintendence of Banks of Panama issued Resolution SBP-GJD-0001-2022 to temporarily extend the validity of appraisal reports held in bank files for securing guarantees on movable and immovable property until August 1, 2022. This extension modifies the previous Resolution SBP-GJD-0006-2021 and takes effect on April 19, 2022. General Managers are instructed to disseminate these requirements to their personnel to ensure compliance with the new regulatory timeline.
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