El Salvador: Credit Portfolio Shrinks 6.3%During 2009, the banks’ credit portfolio lost $583.5 million; it is the first reduction in 5 years.Wednesday, February 3, 2010
By the end of 2009, banks had $8.6 billion in loans, down from $9.2 billion at the end of 2008. Source: laprensagrafica.com ¿Busca soluciones de inteligencia comercial para su empresa?Less Demand for Loans in El SalvadorSeptember 2010 Demand for credit is not growing as expected, as there are fewer investments in the country. Fewer Loans to Private Sector in El SalvadorApril 2010 At the end of February the loan portfolio of Salvadoran banks was 4.6% smaller than the same month of 2009. Credit Drops 6.5% in El SalvadorOctober 2009 Approved loans fell 6.5% in the past 12 months (August 08 - August 09); loans for the productive sector where the most affected. Warning about credit restriction in El SalvadorSeptember 2008 The export and industrial sector in the country has indicated that market conditions have worsened.
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