Panama's Superintendency of Banks has expanded the information that banks must provide to borrowers. Agreement No. 6-2026, dated July 22, 2026, will enter into force on October 22, 2026 and amends existing transparency requirements for banking products and loans.
For loans repaid in installments, banks will have to provide customers with more detailed information about their financial obligations. This includes an amortization schedule showing how the loan develops over time. Information concerning interest rates, commissions and other charges must also be presented more clearly.
The regulation does not set or cap interest rates. Its purpose is to improve transparency regarding the real cost of borrowing and the contractual conditions attached to a loan.
For foreigners living in Panama, the change may be particularly relevant when financing property, vehicles or other purchases. It should make loan offers and their associated costs easier to understand and compare. The new requirements apply from October 22, 2026.
Relevance: People financing a home, vehicle or other purchase in Panama should be able to compare borrowing costs and contract terms more easily. This can help them prepare for major financial decisions.
Effective date:
