Mortgage Loans Increase by 6.5%

The Panamanian Credit Association reported that in October there were a total of 204,000 active mortgages, 6.46% higher than in the same month in 2010.

Monday, December 5, 2011

Meanwhile the balance of the total outstanding mortgage loans on the same date (October 2011), increased by 19.48%.

"This year, banks have begun to further consolidate their participation in relation to mortgage loans.

Between January and March 2011, banks contributed 93.6% of the money in mortgage loans issued between April and June, the contribution increased to 95.6%, and in September this share was more than 96%", reported Capital.com.pa



More on this topic

The Role of Credit in the Construction Sector

September 2013

In Panama housing loans total $1.121 billion, infrastructure loans $668.5 million and commercial construction loans $466 million.

Added to these is $841 million for additions and remodeling. The figures were revealed by the Superintendency of Banks in Panama (SBP).

Credit has become the key to growth of the construction industry and property development in the country.

Social Housing Loans Reach $89 million in El Salvador

July 2012

From a press release from the Social Fund for Housing (FSV in Spanish):

FSV PRESENTS ITS ACCOUNTABILITY REPORT FOR JUNE 2011 TO MAY 2012.

The Social Housing Fund (FSV) has presented in open court its Accountability Report which reports on the results obtained by the institution between June 2011 May 2012 in granting loans to families, civil society organizations and government entities.

More Mortgages in Panama

May 2012

In January 2012, there were 202,000 active mortgages, which is an increase of 4.2% compared to 2011.

Figures from the Panamanian Credit Association (CPA) show that in January 2012, there were 202,000 active mortgage loans, representing an increase of 4.2% compared to the figures for the same period in 2011.

Mortgage Lending Slows Down in Guatemala

November 2010

Until September there was a reported growth of 6.87%, less than the 12% of 2009 and the 25% of 2008.

According to the Superintendence of Banks, from January to September 2010 total mortgage loans totaled $ 2.07 billion.

Mauricio Alvarez, strategic planning manager of Banco de los Trabajadores, told Prensalibre.com, "The economy has barely recovered and the most affected sector has been construction, so one of the reasons for this behavior is a lower housing demand."

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