Panama Homeownership: Caja de Ahorros’ $312M Boost
Panama Homeownership: Caja de Ahorros’ $312M Boost
Caja de Ahorros facilitated over 4,020 families in obtaining homes in 2024. The total value of these mortgages in 2024 was B/.312 million. As of March 2025, Caja de Ahorros has 2,226 mortgage applications in process, totaling B/.176 million. Caja de Ahorros will participate in Expo Vivienda CAPAC 2025, offering a range of credits and financing solutions.
Panama City – Caja de Ahorros is significantly impacting Panama’s housing market, facilitating homeownership for thousands of families and contributing substantially to the nation’s economic dynamism. With a strong performance in 2024 and continued momentum into 2025, the bank is solidifying its position as a key player in the sector.
2024: A Year of Significant Impact
In 2024, Caja de Ahorros played a pivotal role in enabling over 4,020 families to realize their dreams of homeownership. These mortgages totaled B/.312 million (USD equivalent), demonstrating the bank’s commitment to supporting the Panamanian housing market. This activity has helped Caja de Ahorros build a substantial portfolio of over 68,000 mortgages, valued at B/.2,918 million by the end of 2024, securing its place as the second-ranked bank in the National Mortgage Ranking.
Early 2025: Continued Momentum
Building on its success, Caja de Ahorros has maintained a strong pace in early 2025. As of March, the bank is processing 2,226 mortgage applications, totaling B/.176 million. February alone saw 620 mortgage disbursements, amounting to B/.47 million, underscoring the ongoing demand for housing and the bank’s ability to meet it.
Expo Vivienda CAPAC 2025: An Opportunity for Future Homeowners
Caja de Ahorros is set to participate in the Expo Vivienda CAPAC 2025, offering a comprehensive suite of credits and strategic financing solutions designed to help prospective buyers acquire property. This event represents a key opportunity for individuals and families to explore various options and take advantage of attractive real estate assets.
“At Caja de Ahorros, we firmly believe that owning a home is the first step toward building a better future,” said Andrés Farrugia G., Gerente General de Caja de Ahorros. “That’s why we are here, to provide the best solution for acquiring your home, offering opportunities that benefit all families.”
Looking Ahead
Caja de Ahorros’ dedication to facilitating homeownership and supporting the Panamanian economy makes it a reliable partner for those seeking to buy a home. Its continued efforts in providing accessible financing solutions are vital to the growth and stability of the housing market.
Potential homebuyers and investors are encouraged to monitor Caja de Ahorros’ offerings at Expo Vivienda CAPAC 2025 and consider how these opportunities align with their financial goals.