Panama: Defaults Increase in the Banking Credit System

In the month of June of 2008, past due accounts and defaults represented 2.4% of the credit accounts receivable; in September, 2.7%; and in December, 3.4%.

Tuesday, February 17, 2009

Prensa.com publishes in its website: "Commercial banks should maintain defaults under control and make other provisions to assure stability."

"It is time to take conservative positions and preventative actions such as to improve the management of collections and to keep track of defaults."

More on this topic

Defaults Increase in the Banking Credit Sector in El Salvador

February 2009

The December 2008 credit default index was 2.79%, according to data from the Salvadorian Banking Association (ABANSA).

Laprensagrafica.com reports: "Based on the information provided by banks, the increase in defaults in 2008 in comparison to 2007 was $256.9 million as reflected in past due accounts.

Panama: Car Loan Defaults Increase

February 2009

According to data from the Bank Superintendent of Panama, the balance of defaults and past due accounts reached $37.3 million in 2008.

María de Gracia writes in Pa-digital.com.pa: "The loans that show the highest default rate are those for cars that have a price of up to $15,000, with $28 million, followed by the ones of up to $30,000, with $7.2 million."

Loan Payment Defaults Still Rising

August 2011

There have now been seven consecutive months during which the default rate of borrowers from the Banco Nacional de Costa Rica has increased, having exceeded the normal limit of 3% over the past three months.

The increase in defaults is due mainly to problems with real estate projects in Puntarenas and Guanacaste, said Bernardo Alfaro, deputy general manager of the bank’s risk management office.

Delinquent Balance Up 53% in Panama

July 2009

At the end of May, the delinquent portfolio of the banking system summed $565 million, up from $369.7 in the same period of 2008.

According to data from the Banking Superintendence, delinquent loans account for 2.5% of the total credit portfolio.

From Prensa.com: "Additionally, loans with more than 90 days of non-payment have increased 23% to 91.9 million".

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