In a historic event for the state banking sector and the country's economic development, Caja de Ahorros and Banco Nacional de Panamá formalized a strategic collaboration agreement. The purpose is to unite efforts and resources in favor of Panamanian families and the nation's sustainable growth. This alliance will boost the real estate sector, and both banks will provide access to preferential social housing. The signing of this agreement consolidates both banks as a driver of inclusion, progress, and national transformation, strengthening public confidence in institutions that work with purpose, a future vision, and a commitment to Panama's well-being.
Under this agreement, developers will have the guarantee that both Caja de Ahorros and Banco Nacional de Panamá will finance up to 50% of the total number of homes built. This will facilitate access to first homes for more than 2,600 Panamanian families, representing approximately B/.90 million in mortgage disbursements, generating a direct boost to the reactivation of the construction sector, job creation, and the strengthening of the national economic fabric.
Strengthening public banking and social development
During the signing ceremony, the General Manager of Caja de Ahorros, Andrés Farrugia, highlighted the importance of this alliance in the context of the institutional transformation the entity is undergoing: "Today, the state banking sector is uniting forces to write a new chapter in the history of Panama's economic and social development. From Banco Nacional de Panamá, we firmly believe that a country's development is built when its institutions unite forces for a common purpose: to create real opportunities for people."
Together, Caja de Ahorros and Banco Nacional de Panamá represent over 30% of the national mortgage market, reaffirming the leadership of the state banking sector in the country's economic and social development. "At Caja de Ahorros, we are transforming to be a more agile, close, and modern bank that understands that behind every credit there is a story and a dream to accompany," Farrugia emphasized. Caja de Ahorros, recognized as a national leader in social and preferential housing finance, maintains a leading position in the banking system. This alliance with Banco Nacional transcends the financial; it has a profoundly human purpose: to improve the quality of life for all families. Currently, it holds the second position in the national mortgage ranking, with a mortgage portfolio that reaches B/.2,948 million by the close of September 2025, of which 65% corresponds to loans under preferential law and 35% outside that category. So far this year, the entity has disbursed more than 2,100 housing solutions for an amount exceeding B/.150 million, positioning itself as one of the main drivers of housing access in the country.
For his part, the General Manager of Banco Nacional de Panamá, Javier Carrizo Esquivel, highlighted that "with the signing of this Inter-institutional Agreement, we strengthen our commitment to working for the well-being of Panamanian families."
