National Bank of Panama

National Bank of Panama
Banco Nacional de Panamá
Established1911[1]
President of directive juntaLizbeth Ann Henríquez Leonard
Central bank ofPanama
CurrencyPanamanian balboa
Websitewww.banconal.com.pa

The National Bank of Panama (Spanish: Banco Nacional de Panamá) (BNP) is one of two Panamanian government-owned banks. As of January 2009, it held deposits of about US$5 billion. The other government-owned bank is Caja de Ahorros de Panamá (Savings Bank of Panama), with about US$1 billion in total deposits.

Panama has never had an official central bank.[2] The National Bank of Panama was responsible for nonmonetary aspects of central banking in Panama, assisted by the National Banking Commission (Superintendencia del Mercado de Valores), which was created along with the country's International Financial Center, and was charged with licensing and supervising banks.[3]

  1. ^ "Nuestro Banco".
  2. ^ "Panama Has No Central Bank". Mises Institute. March 24, 2007.
  3. ^ "Panama - Monetary Policy". www.country-data.com.