Panama Banking Association (ABP as per its acronym in Spanish), founded in 1962, includes 91 local and international banking institutions, with international institutions representing circa 80% of the banking sector assets.
The ABP has recently created a sustainability commission, which is led by Colombian bank subsidiary Banistmo and Banco General of Panama.
One of the main objectives of the committee after joining the Sustainable Banking Network (SBN) is to develop and launch a sustainable banking protocol to promote three pillars: environmental and social risk management, green financial products and services and eco-efficiency.