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Agriculture loans in Panama drop

Friday, November 21, 2014

Panama's agricultural bank BDA has seen a 14.7 percent drop in its loans from July to September this year, compared with the same period last year.

The drop comes after President Juan Carlos Varela promised to boost loans to the agricultural sector with the incentive of 0 percent interest rates.

From August 1, the bank has received 830 requests for credit with 0 percent interest rates, which total some $2.7 million, the company's director Ricardo Solís said.

Source (in Spanish): La Estrella