Delinquent Balance Up 53% in Panama

©image: Donna

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".

Source: Prensa.com

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Panama: Defaults Increase in the Banking Credit System

February 2009

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%.

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

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."

Credit Histories in Panama

November 2011

With the implementation of the statute of limitations, more than 1.6 million records have already been wiped.

Two years ago the Panamanian Credit Association began implementing the statute of limitations, which applies when a consumer so requests, seven years after having made the last payment on any commitments they had.

Guatemala: Overdue loan portfolio increases to 86%

January 2009

As of November 2008 overdue loans in the banking system rose to $264 million, 85% more than in December 2007 when it was at $142 million.

According to sigloxxi.com, "In September the percentage was at 73.4% compared to the end of 2007.

Similarly, the Banking Superintendence pointed out that the overdue portfolio for credit cards owned by the banks was at 4.7% last November while it was at 5.9% during the same month in 2007."