I have accelerated my tests and investigations and now finally finished. And what I already mentioned in my previous post, has now actually been confirmed: an older version of Panda Antivirus Free is the solution. Panda Antivirus Free 21.01.00, the last version (from October of 2022) before the 22 series was released, runs smoothly under Windows XP without the annoying delay at system start-up. The main culprit of all versions 22.0x.0x is the process PSANHost.exe which does not run properly, leads to a full utilisation of the system during computer start-up, a very long delay and unsightly disturbances during other operations after completion of loading. Therefore, my current recommendation is to use Panda Antivirus Free 21.01.00 on Windows XP instead of the latest version, which is currently 22.03.05. At least, until the manufacturer provides a fixed version. I have informed the Panda support in detail but don't know if they will ever react. But I do hope so. In any case, my Windows XP computer needs now again less than 2 minutes for system start-up without any unsightly disturbances during later operations. So once again, the old rule applies: the latest is not always the greatest.
Merry Christmas to all, AstroSkipper