Scotia Leasing

  • You use productive assets, without the need to own them

  • You are looking for options to acquire new assets

    What is leasing?

    Leasing is a way of using productive assets without the need to buy or own them. Choose the leasing option that best suits your needs:

  • Business Leasing

  • Financing Leasing

  • Regional Leasing

  • Assets subject to leasing:
  • Vehicles: light duty and private

  • Distribution Fleet

  • Machinery and equipment for industrial and construction use

  • Electronic equipment

  • This is a very useful financial tool for companies that need to upgrade assets to keep them from becoming obsolete.

    One of its main advantages is that it prevents the company's debt from increasing, improving financial indicators and freeing up resources for productive activities by preventing them from being frozen in investments in fixed assets.

    This tool is commonly used in the productive sectors in developed countries, in which it represents a significant percentage of financial activity.


  • Asset value: for our Business Banking customers there is a maximum lease amount of $200,000. For Corporate Business Banking customers there is no maximum amount.

  • Lease term: up to 5 years.

  • Payment method: periodic payments or prepayments

  • Monthly payments are FECI exempt.

  • Guarantee deposits: from 20% for new and used assets in accordance with current corporate policy at the time of the request.

  • Related costs such as insurance, maintenance, inspections, license plate, traffic tickets and municipal taxes, transfers, legal fees, evaluations, or others, are the responsibility of the lessee.

  • For the purposes of the lessee, for "financial leasing" one of the following criteria must be met:

  • The right of ownership of the leased asset is contractually transferred to the lessee at the end of the lease.

  • The lease contract includes an option to purchase at a nominal price (that price that virtually ensures the eventual exercise of the option).

  • When the lease period is essentially equal to or greater than 75% of the estimated economic life of the asset.

  • The right of ownership of the leased asset is contractually transferred to the lessee at the end of the lease.

  • Under financial leasing, accounting essentially defines the leasing as a form of financing similar to obtaining a loan, and therefore allows the lessee to deduct the amount of interest implicit in the minimum lease payments and amortize the value asset during the period of the lease.

    Personal Financial Leasing is much like a traditional credit, the main difference is that the asset is registered under the name of name of Scotia Leasing S.A. and is transferred to the client's name when the contract expires and the customer pays off the entire balance of the operation.

    Scotiabank has an optimal regional structure for attending to leasing customers, whether for Panamanian companies with activities in the Central America region, or Central American companies that choose leasing as way to acquire assets.

    Scotiabank Panama provides the necessary support for operations in the region in order to give you the same service and advice that only years of experience allow, to be at the forefront in the development of leasing business according to customers' needs.

    Scotia Leasing has offices in Guatemala, Panama, and Nicaragua, and we offer the services in Honduras with the support of our central offices in San Jose, Costa Rica.

    In addition, to find the benefit and for the development of leasing in the region, it is also an active member of the following associations:

  • Felalease (FELALEASE): An association of the major Latin American Leasers.

  • Equipment Leasing Association: An important U.S. association that brings together an industry worth $600 billion, thus making it the most important in this country and giving us access to information about the industry in more developed countries.

  • ABC Specialized Leasing Commission: A local association that looks to improve the sector at a local level together with Asociación Bancaria Costarricense.

  • List of requirements to request a Leasing at Scotiabank:


  • Pro forma invoice of the asset

  • Copies of ID card/passport and a second form of ID

  • Current work letter addressed to Scotiabank, last Social Security card, and a copy of last two pay stubs (for individuals on salary)

  • Income Statements of the last two (2) years in the case of self-employed individuals

  • Copy of utility bill (water, electricity, or telephone) with your current address

  • Legal entity:

  • Pro forma invoice of the Asset

  • Corporation's Articles of Incorporation

  • Amendments

  • Current Certificate of Registration

  • Photocopies of the directors' and representatives' ID

  • Audited financial statements or tax returns for the last two years (if owner)

  • Ready to Apply?

    In Person

    Visit your nearest Scotiabank branch

    By Phone from Panama City 

    Speak to one of our specialists by calling

    (507) 215-5491
    By Phone from Panama City 

    Speak to one of our specialists by calling

    By Phone from the city of David, Province of Chiriqui

    Speak to one of our specialists by calling

    (507) 777-6500