Regulatory Alerts2021-01-01
Added · Updated
Circular 117 (2021)
The Superintendency of Banks of Panama issued General Board Resolution No. SBP-GJD-0006-2021 to temporarily extend the validity of appraisal reports held in bank files for the constitution of guarantees on movable and immovable property. This extension grants an additional six-month period for the validity of these reports, subject to specific exceptions outlined in the resolution. The resolution entered into force upon its signature, requiring bank managers to instruct their personnel on compliance.
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