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)

Panama, June 30, 2026
CF-L3-85-No.003-2026 CIRCULAR-2026-0068
Mr.
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) Dear General Manager:
In accordance with the provisions of Article 4 of Law No. 3 of May 20, 1985, and modified by Law No. 399 of September 25, 2023, “By which a preferential interest rate regime is established for certain Mortgage Loans”, we hereby inform you that, within the framework of the established norm, the calculation of the reference rate for the third quarter of 2026 was 6.38% annually. In accordance with the foregoing, the Local Market Reference Rate for Residential Mortgage Loans, corresponding to the Third Quarter of 2026, is SIX POINT FIFTY PERCENT ANNUALLY (6.50%), which represents the closest one-quarter (1/4) of a percentage point to the calculation obtained according to the norm. Note: This reference rate applies only to loans covered by Law No. 3 of May 20, 1985, and its modifications. Without further ado, we remain yours. Sincerely, Milton Ayón Wong Superintendent “Solidity and trust: guarantors of the rights of banking consumers” Samuel Lewis Avenue, Panama Business Tower, ground floor - Tels.: (507) 506 7800 / (507) 506-7900 - Fax (507) 506-7700 / 506-7703 P.O. 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 Superintendency of Banks of Panama, in accordance with Law 83 of 11/09/2012 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=hA0f%2Fjnz6YYFLIFdiPwb0oYtrKfEuBgh%2BxwAA71bEeE%3D