Mortgage portfolio of banks in Panama totals US$21 billion


News from Panama

The Panamanian banking sector continues to show sustained growth in its mortgage portfolio, which reached more than US$21 billion in total balances as of December 2024, according to APC Experian data. This amount is distributed among 337,163 bonds, with an average balance of US$62,238 per mortgage. In the last two years, statistics indicate that 59% […]

January 25, 2025

Oracle could reactivate its regional headquarters in Panama


News from Panama

The Minister of Commerce and Industries, Julio Moltó met with executives of the multinational technology Oracle, where they addressed in an exploratory way the possibility of reactivating Oracle’s regional headquarters in Panama as a fundamental step to consolidate the country as a technological hub in the region. The meeting also served to strengthen Panama’s position […]

January 25, 2025

President Mulino and CEO of Maersk discuss strategies to boost commercial competitiveness and logistics infrastructure in Panama


News from Panama

The President of the Republic, José Raúl Mulino, held a bilateral meeting with the CEO of A.P. Moller – Maersk, Vincent Clerc, to discuss strategies that allow Maersk to continue supporting Panama’s objectives in strengthening commercial competitiveness and modernizing Panama’s port and logistics infrastructure. During the meeting, within the framework of the World Economic Forum […]

January 25, 2025