SBP-SG-CIRCULAR-2026-0108 — Issuance of Agreement No. 10-2026

October 16, 2026
SBP-DR-CIRCULAR-2026-0108

To:
General Manager
City

Reference: Issuance of Agreement No. 10-2026

Dear General Manager:

We are pleased to inform you that the Board of Directors of this Superintendency has issued Agreement No. 10-2026 of October 15, 2026, by which a paragraph is incorporated into Annex No. 1 of Agreement No. 1-2025 “That adopts an enumerative guide of the catalog of positions of politically exposed persons.”

Through the aforementioned Agreement, an exception paragraph is incorporated to clarify that members of boards of directors designated by a state institution exclusively to exercise oversight functions in accordance with the Law shall not be considered Politically Exposed Persons (PEPs), provided they do not have voting rights.

This Agreement shall enter into force from its promulgation in the Official Gazette. Attached you will find a copy of the Agreement, the text of which can be consulted through our website www.superbancos.gob.pa in the regulatory section.

We thank you, General Manager, for issuing the pertinent instructions to your staff for the compliance with the present.

Sincerely,

Milton Ayón Wong
Superintendent

YGL/cn

“Strength and trust: guarantors of the rights of banking consumers”

Av. Samuel Lewis, Panama Business Tower, ground floor - Tels.: (507) 506 7800 / (507) 506-7900 - Fax (507) 506-7700 / 506-7703

P.O. Box 0832-2397 W.T.C. Panama, Republic of Panama - www.superbancos.gob.pa - email: superbancos@superbancos.gob.pa

Official document signed with Qualified Electronic Signature in the Document Transparency System – TRANSDOC of the Superintendency of Banks 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=hEHKt9PIn5mpQWcK014%2FWTlqbs7zjx6vGC3Ac9Yvl%2FE%3D