In 2024, Panamanians' Christmas savings reached a historic total of USD 244 million, benefiting 445,133 savers. This result marks a 15% growth compared to the previous year, indicating a stronger commitment from families toward financial planning.
This increase contrasts with the decline in current savings deposits, as many users have opted to transfer their funds to fixed-term deposits due to better interest rates. Nonetheless, Christmas savings accounts remain vital for household financial stability, allowing families to enjoy the holiday season without relying on debts.
The province of Panama accounts for 82% of the total, with USD 201 million and 363,000 active accounts. Other regions, such as Chiriquí, Colón, and Azuero, also stand out in using this product, which not only enhances financial security but also stimulates the economy during the holiday season.
Promoting a culture of saving continues to be essential for Panama’s sustainable economic development.
For more information about the report on the Performance of Christmas Savings at the close of 2024, please visit our website through the following link:
https://www.superbancos.gob.pa/documentos/financiera_y_estadistica/estudios/Ahorros-navidad-2024.pdf?v=2.1
