The Superintendency of Banks of Panama published its year-end 2025 report on “Christmas savings” accounts, indicating that more than 500,000 Panamanians will receive disbursements totalling USD 272 million from banks in the National Banking System. The balance to be paid out is 11% higher than the same period a year earlier, alongside 59,565 new accounts, a 13% increase. Christmas savings accounts represent 8% of total deposit accounts in the National Banking System and are described as the second most important deposit product after regular savings accounts (85%). October data show a highly concentrated market, with 97% of the USD 272 million held at four banks, led by Banco General with USD 208 million (76.4%), followed by Caja de Ahorros (9.1%), Banco Nacional de Panamá (6.6%) and Banistmo (5.1%). The report also notes that 81% of funds are concentrated in Panamá and Panamá Oeste (USD 220 million across 397,000 accounts), and that women hold 61% of Christmas savings accounts (312,628) and USD 163 million (60% of the total), with around 70% of accounts holding balances of up to USD 500 for both women and men.
Superintendencia de Bancos de Panama 2025-11-27
Superintendency of Banks of Panama publishes 2025 Christmas savings data showing USD 272 million in payouts to over 500,000 savers
The Superintendency of Banks of Panama's year-end 2025 report reveals over 500,000 Panamanians will receive USD 272 million from Christmas savings accounts, marking an 11% increase from the previous year. These accounts, representing 8% of total deposits, are primarily held at four banks, with Banco General holding 76.4% of the funds. The report highlights women hold 61% of these accounts, with 70% of accounts having balances up to USD 500.