Panacredit (Panama)

Panacredit is a financial company located in Panama City. It was incorporated in 2008 and aims to provide comprehensive financing solutions to a select clientele from various sectors of the country's economy. The company offers consumer credit, primarily through personal loans deducted directly from salaries, targeting the government sector, retirees, and private companies. Additionally, Panacredit provides auto loans, leasing services, mortgage-backed loans, factoring or invoice discounting, and commercial financing, mainly for small and medium-sized enterprises. The company maintains relationships with prestigious local banks and has a solid shareholder base, allowing it to operate with agility, strength, and financial capacity to meet the financing needs of its customers. Panacredit is a public company and is actively listed on the Panama Stock Exchange through the issuance of Tradable Commercial Securities (VCNs) such as Corporate Bonds. The company has two local investment-grade credit ratings. As of January 4, 2016, the company operates under the trade name PANACREDIT and has a presence in branches throughout the country to serve different business segments.