The measure stands out for including collaborators with temporary, probationary, interim, and transitional contracts, who traditionally face greater challenges to access bank credit. The agreement was formalized by the president of the Supreme Court of Justice, Magistrate María Cristina Chen Stanziola, and the general manager of Caja de Ahorros, Andrés Farrugia. «This agreement sends a clear message to our contract and interim officials: their effort is valued, and the institution works to generate fairer conditions,» affirmed the magistrate. Requirements to access financing Access to the financial products contemplated in the agreement will be governed by parameters defined according to the official's type of contract: • Labor stability: For mortgage loans, one year of permanence is required for permanent staff and two years for interim or occasional staff. «First came construction workers, then MINSA servers, and now we are formalizing opportunities for officials of the Judicial Branch,» explained Farrugia. In turn, Magistrate María Cristina Chen Stanziola highlighted that this step reflects a modern understanding of institutional strengthening. The agreement flexibilizes and adapts personal, mortgage, and automobile loan policies, allowing the different hiring modalities within the Judicial Branch to be recognized under responsible evaluation criteria aligned with current regulations. Flexibility of credit policies Andrés Farrugia G., general manager of Caja de Ahorros, pointed out that this agreement responds to a vision of state banking aimed at accompanying public servants. Agreement between the Judicial Branch and Caja de Ahorros facilitates the financial inclusion of 7,000 officials • With the signing of this inter-institutional alliance, access to mortgage, personal, and auto loans is expanded for the occasional and transitional staff of the judicial administration. «We have opened the compass to provide financing solutions to those who did not previously enjoy access to credit in the formal banking system.» For personal loans, one year is required for permanent staff and five years for the rest of the statuses. For auto loans, two years of general service are required. • Capacity and indebtedness: A maximum indebtedness level of 55% (45% for personal loans) and a payment capacity of 35% on verified income are established. • Documentation: Interested parties must present a work letter, last pay stub, and the Caja de Seguro Social (CSS) card. With this alliance, Caja de Ahorros reaffirms its strategy to bank the Panamanian population through innovation and flexibility, offering real opportunities to those who serve the country from the public sector and ensuring that access to credit is sustainable for each applicant.
