Regulatory Alerts2026-01-01
Resolution SBP-ADM-R-2026-00003: Establishing Suspension Dates and Compensation Hours for the Banking Superintendence Offices in 2026
The Superintendent of Banks of Panama issued Resolution SBP-ADM-R-2026-00003 to temporarily modify the work schedule and office closure dates for the Banking Superintendence during 2026. The resolution mandates the suspension of administrative procedural terms on specified holidays and establishes a compensation schedule requiring employees to work additional hours between January 19 and February 5, March 23-26, October 19-22, and December 1-11. It further instructs the issuance of public notices to the banking and financial sectors regarding these temporary changes to the entity's operating hours.
Republic of Panama Banking Superintendence of Panama RESOLUTION SBP-ADM-R-2026-00003 January 5, 2026
THE SUPERINTENDENT OF BANKS,
In exercise of its legal powers, and
CONSIDERING:
That Article 26 of the Internal Work Regulations of the Banking Superintendence develops the norms regarding the work schedule to be performed by officials, as established by law, empowering the Superintendent to modify said schedule in accordance with the best interests of the Institution;
That, through Circular SBP-DR-2025-0123 of December 11, 2025, the period for submitting information through the ITBANk system on holidays, feast days, or national days of the year 2026 was established;
That, through Executive Decree No. 38 of December 5, 2025, the Ministry of Government declared the holidays for the year 2026 for the celebration of the founding of the districts of the country, ordering the closure of public offices on those days;
That, in accordance with the above, it is necessary to temporarily modify the work schedule of the Banking Superintendence for the year 2026, corresponding to days of celebration or national mourning and end-of-year festivities, as well as to establish the number of hours to be compensated by collaborators and the period in which such hours will be compensated, in the corresponding cases, in accordance with what is provided in Article 16, ordinal II, numeral 6 of the Banking Law;
That, in merit of the above, the Superintendent of Banks,
RESOLVES:
ARTICLE ONE: ESTABLISH the dates during the year 2026 on which the Offices of the Banking Superintendence will suspend work due to holidays, national mourning, district festivities, or end-of-year festivities, and the compensation schedule for certain dates.
ARTICLE TWO: FIX the work schedule corresponding to the days that will be compensated, from 8:00 a.m. to 4:30 p.m., with thirty (30) minutes for lunch.
ARTICLE THREE: On the dates established in Article One, administrative procedural terms are understood to be suspended, as appropriate, in those processes being advanced within the Superintendence.
Official document signed with a Qualified Electronic Signature in the Document Transparency System – TRANSDOC of the Banking Superintendence of Panama, in accordance with Law 83 of 09/11/2012 and Executive Decree No. 275 of 11/05/2018. Use the QR Code to verify the authenticity of the document or the URL: https://sigob.superbancos.gob.pa/consulta?id=%2F5GN386whd4HOtQbmx7ZmqoS4iDbk%2B%2BDebTPYjlIr2c%3D
| SPECIAL DATES | IDENTIFICATION | NUMBER OF HOURS AND DAYS TO COMPENSATE | PERIOD IN WHICH THE HOURS WILL BE COMPENSATED |
|---|---|---|---|
| Friday, January 9 | National Sovereignty Day | ||
| Thursday, March 19 | Founding of the District of David (only for the Customer Service Office in that district). | ||
| Monday 16, Tuesday 17, and Wednesday 18 of February. | Carnival | 14 hours corresponding to Monday 16 and Wednesday 18 of February. | From January 19 to February 5. |
| Thursday 2 and Friday 3 of April. | Holy Thursday and Good Friday. | 4 hours corresponding to Thursday, April 2. | From March 23 to 26. |
| Friday, May 1 | Labor Day | ||
| Monday, November 2 | Day of the Dead | 4 hours | From October 19 to 22 |
| Tuesday 3, Wednesday 4, Thursday 5, and Tuesday 10 of November. | Patriotic Festivities. | ||
| Tuesday 8, Thursday 24, Friday 25, Thursday 31 of December 2026, and Friday, January 1, 2027 | End-of-year Festivities. | 4 hours corresponding to Thursday 24 and 4 hours corresponding to Thursday 31 of December. | From December 1 to 11. |
Page 2 of 2 Resolution SBP-ADM-R-2026-00003
ARTICLE FOUR: Issue Public Notices and corresponding Circulars to the Banking System, Trust System, and Financial Obligated Entities, communicating the temporary change in the work schedule and public attention hours of this Entity during the days expressed in Article One.
ARTICLE FIVE: Banking entities shall be governed by what is established in Resolution SBP No. 124-2006 of December 4, 2006.
LEGAL BASIS: Article 13, 16, Ordinal II, Numeral 6 of the Banking Law, Article 68 of Law 38 of July 31, 2000, Article 26 of Resolution J.D. No. 0002-2012 of January 31, 2012 (Internal Work Regulations – Banking Superintendence); Resolution SBP No. 124-2006 of December 4, 2006.
Given in the city of Panama, on the fifth (5) day of the month of January of two thousand twenty-six (2026).
LET IT BE COMMUNICATED, PUBLISHED, AND COMPLIED WITH.
THE SUPERINTENDENT OF BANKS, Milton Ayón Wong
Official document signed with a Qualified Electronic Signature in the Document Transparency System – TRANSDOC of the Banking Superintendence of Panama, in accordance with Law 83 of 09/11/2012 and Executive Decree No. 275 of 11/05/2018. Use the QR Code to verify the authenticity of the document or the URL: https://sigob.superbancos.gob.pa/consulta?id=%2F5GN386whd4HOtQbmx7ZmqoS4iDbk%2B%2BDebTPYjlIr2c%3D