Panamanian banking adjust credit conditions

©image: Alex Cascone

The rules of the game have changed. One month ago there was talk about the possible effects that Panama would feel from the financial crisis which started in the United States and expanded to Europe, Asia, and Latin America.
Today it can be said that the rise in the cost of money, which was announced as an adverse consequence of the lack of liquidity on the global stage, is being felt in the country.

Banks have increased and will continue to increase interest rates for loans.

This will change the order of investments that were projected by companies and will impact the personal finances of those with credit today and of those that plan to acquire new financial commitments.

Source: martesfinanciero.com

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