CF-L3-85-No.004-2026 CIRCULAR-2026-0101. Residential Mortgage Loans

October 2, 2026
CF-L3-85-No.004-2026 CIRCULAR-2026-0101

To:
General Manager
E. S. D.
Ref.: Residential Mortgage Loans
(Law 3/85, 11/90, 5/94, 28/95, 50/99, 65/2003, 29/2008, 28/2012, 63/2013, 66/2017, 94/2019, 255/2021, 399/2023)

Dear General Manager:

In accordance with Article 4 of Law No. 3 of May 20, 1985, as amended by Law No. 399 of September 25, 2023, “By which a regime of preferential interest rates is established in certain Mortgage Loans,” we inform you that, within the framework of the established norm, the calculation of the reference rate for the fourth quarter of 2026 was 6.46% annually.

In accordance with the above, the Local Market Reference Rate for Residential Mortgage Loans, corresponding to the Fourth Quarter of the year 2026, is SIX POINT FIFTY PERCENT ANNUALLY (6.50%), which represents the nearest quarter (1/4) percentage point to the calculation obtained in accordance with the norm. Note: This reference rate applies only to loans covered by Law No. 3 of May 20, 1985, and its modifications.

With no further matters, we remain at your disposal.

Sincerely,

Milton Ayón Wong
Superintendent

“Solidity and trust: guarantors of the rights of banking consumers” Av. Samuel Lewis, Panama Business Tower, ground floor - Tels.: (507) 506 7800 / (507) 506-7900 - Fax (507) 506-7700 / 506-7703 Postal Box 0832-2397 W.T.C. Panama, Republic of Panama - www.superbancos.gob.pa - email: superbancos@superbancos.gob.pa

Official document signed with Qualified Electronic Signature in the Document Transparency System – TRANSDOC of the Superintendence of Banks of Panama, in accordance with Law 83 of 09/11/2012 and Executive Decree No. 275 of 11/05/2018. Use the QR Code to verify the authenticity of the document or the URL:
https://sigob.superbancos.gob.pa/consulta?id=Z2QjFf0wMsANkuqUo0%2Fbh3U0p2WvX7wiS4G3WXPqhVA%3D