According to data provided by the economic agents affiliated with the APC Experian Credit Reference System, the mortgage portfolio in the banking sector maintains sustained growth year after year, ranking in the first place within the total credit balances with an amount of US$20,626,474,788 as of February 2024, distributed in 333,563 obligations.

According to Giovanna Cardellicchio, Country Manager of Experian in Panama, 96% of people pay their mortgage credit on time, and at the end of February 2024, only 4.3% of people have a arrears of more than 61 days, which indicates that it is a very healthy portfolio.

Personal loans occupy the second place with an amount of US$7,982,411, divided into 610,841 bonds as of February 2024 with an average balance of 13,068, reflecting an increase of 5% compared to the same period in 2023, with a balance of US$7,599,900,033, with a default of 3.8% at more than 61 days.

Meanwhile, car loans in banking institutions in February 2024, totaled a balance of US$1,923,216,354, reflecting an increase of 5.9% compared to the same period of the previous year, when it had a balance of US$1,815,095,523.