The recent decision by the European Parliament to remove Panama from its list of countries with deficiencies in combating money laundering has already begun to show tangible results. One of Europe’s major financial institutions, Spain’s BBVA, has officially re-entered Panama’s International Banking Center with authorization from the Superintendency of Banks.
According to the Association of Banks of Panama (ABP), this milestone signals a renewed wave of international confidence in the country’s financial system. The return of BBVA is seen not only as a symbolic gesture but as the first step toward broader financial reintegration with global markets.
The Panama Chamber of Commerce, Industries and Agriculture (CCIAP) also welcomed the news, calling it the beginning of a domino effect. Its president, Juan Arias, stated that each week new companies express interest in establishing operations in Panama, and the removal from the EU’s list has accelerated this momentum.
Arias emphasized the significance for the national economy: “The arrival of new banks is only part of a larger wave of foreign investment. This means more money flowing into Panama’s economy and more opportunities for growth.”
He also underlined the private sector’s critical role in sustaining the economy, noting that 80 percent of investment in Panama originates from private initiatives rather than government spending. Arias urged authorities to simplify bureaucratic processes to allow both local and international investments to materialize more efficiently.
Investment Outlook
Analysts point out that the return of established financial players like BBVA could help Panama attract new multinational corporations and further diversify its economic base. This momentum is expected to strengthen Panama’s position as a regional hub for finance, logistics, and trade.
