Salvadoran Banks Reduces Profits

In March 2009, the banks from the financial system recorded profits of $22 million, compared to $34.9 million for the same period last year.

Monday, May 4, 2009

Of the banks, Agricultural Bank was the one that registered the highest profits.

José Luis Henríquez wrote: "It is anticipated that with the loans contracted by the Government with multilateral organizations and the release of contingency reserves that the SSF forced banks to establish, interest rates will begin to go down gradually. Financial statements from newspapers also indicate that banks had a loan portfolio of $8.697 billion, lower than the $8.895 billion recorded by the Superintendent in March 2008."

More on this topic

El Salvador: Banking Profits Down 63.5%

November 2009

Salvadoran banks made a profit of $43.6 million in the first 9 months of the year, $75 million less than the same period 2008.

All the banks in the system fared worse than last year, with the exception of Banco Azteca and Citibank.

"Credit was down 9%, as there were less loans granted to the private sector", reported

Salvadoran Banking Profits Down 13%

March 2009

In 2008, banking generated $128.3 million in earnings, $19.7 million less than the $148 million generated in 2007.

The statistics reported by the Salvadoran Banking Association indicated that the Industrial Bank was the one that had the most earnings last year, but it suffered a drop of $10 million in profits.

Banks Earn 66% Less in El Salvador

February 2010

In 2009, Salvadoran banks earned $44.1 million, $84.2 million less than in 2008, when they generated $128.8 million.

Victor Ramírez, superintendent of the Financial System, explained that the loan portfolio shrank 6.33% when compared to 2008.

“The overdue loan portfolio increased 23.6%. Late loans increased from $257 million in 2008 to $318 million in 2009”, reported

Salvadoran Banks ask for More Flexible Bankruptcy Law

June 2010

The banking sector disagrees with a bankruptcy bill that would generally benefit debtors.

ABANSA, the Salvadoran Banking Association, has asked the SSF, the superintendence of the financial system, to introduce more flexibility in the debtor’s classification section of the bill.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Technisys is the omnichannel digital banking company. It offers technology solutions that allow banks to stand out through their customer experience, increase their sales and dramatically reduce their time-to-market when it comes to launching new financial services. Technisys culture lies on its innovation, its human capital talent and its vision of the future. The digital age represents an unprecedented growth opportunity for the financial service providers, and Technisys helps its customers to differentiate and capitalize it.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2256 7168

Company Profile

Stock Indexes

(Oct 21)
Dow Jones
S&P 500


(Oct 23)
Brent Crude Oil
Coffee "C"