Bank credit grows in El Salvador
Despite the tough situation in the country, banking credit grew 9.5% at the end of June 2008.
Friday, August 8, 2008
According to the latest ranking done by the Salvadoran Bank Association (Abansa), the total credit portfolio in June of 2007 was at $8.43 billion, but the bounce in economic activity allowed the portfolio to rise to $9.23 billion at the end of the first six months of this year.
In September 2015 the consumer credit portfolio amounted to $5.4 million, 15% more than in the same period last year.
The bank hopes to offer $548 million in loans for consumption, housing and development in 2009.
In September the banking loan portfolio to the private sector recorded an increase of 17% compared to the same month last year.
Analysis has been conducted on the composition of the loan portfolio to buy vehicles, one of the fastest growing sectors in recent years.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar