Panama’s non-performing loan rate edged down to 5.9% in February 2026, according to APC Experian, the country’s primary credit reporting agency. This indicates that roughly five out of every 100 Panamanians are facing difficulties meeting their financial obligations, a slight improvement from previous months.
Despite the marginal decrease in delinquency, overall debt within Panama’s financial system remains substantial, totaling $41 billion. A particular area of concern is credit card debt, where the non-performing loan rate stands at 8%, with average balances exceeding $3,000 per card.
Beyond the issue of existing debt, APC Experian has highlighted a slowdown in the approval of new loans as another warning sign, potentially reflecting a broader cooling of economic activity within the country. This observation comes as Panama’s legislative assembly debates a bill concerning debt prescription, a proposal that has drawn scrutiny from the financial sector.
APC Experian officials have cautioned that while many Panamanians consistently meet their payment obligations, legislation allowing for the statute of limitations on debts could disproportionately benefit those who default on their commitments. The company, which currently serves over 100,000 users on its platform, emphasizes the importance of understanding credit history as a key component of financial health. More than 4,500 Panamanians visit APC Experian’s customer service centers each month in Panama, Herrera, Chiriquí, and Coclé to consult their credit histories free of charge.
The company has also seen increasing adoption of its mobile application, with over 100,000 total users as of August 2025, utilizing the tool for fraud prevention and real-time tracking of financial obligations. APC Experian recommends that individuals regularly monitor their credit reports, utilize digital financial management tools, balance expenses, carefully evaluate new financing options, prioritize existing debts, and establish clear financial goals. The organization stresses that a positive credit history is essential for accessing financial products and securing favorable credit terms.
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