Interest rates for loans and deposits rise in El Salvador
Interest rates for loans and deposits rose again in September, according to the reference published by the Central Reserve Bank (BCR).
Wednesday, October 15, 2008
Regarding the active interest rate (loans) that is applied to loans with terms over a year, the increase was 0.21%, taking it up to 9.76%. This latest increase in interest rates for this type of credit is close to the highest percentage increase recorded in the last two years, which was 9.88% last March, according to records from the BCR.
Internal deposits in individual savings accounts in the banking systems amounted to $25 billion.
Most of the savings are held by individuals and local licensed banks.
Economic recovery and resources from the Venezuelan Cooperation explain the rise in deposits.
Total savings reported in 2010 were $ 3,389 million, 13.6% higher than 2009.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar