Car loans increase in Panama
During the first semester of 2008, banks granted 8,971 credits for new cars at a total of $132 million.
Tuesday, September 2, 2008
These bi-annual figures are almost as big as the yearly total recorded in 2005: 9,773 credits valued at $135 million, reported the Banking Superintendence.
The rates and terms for car loans in 2009 will be linked more to each client's profile instead of t a general strategy to make the portfolio grow.
Over the next four years it is expected that annual sales will average 42,000 vehicles, according to BBVA Research.
Between January and October 2013 car dealers sold 46,983 new vehicles, more than the 6,379 cars sold in the same period of 2012.
During the first six months of this year, automobile distributors sold 22,227 new cars, up 19 percent from the same period last year.
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