Salvadoran mortgage portfolio surpasses $2 billion
The banking system has a mortgage portfolio that surpassed $2 billion, according to a study presented by the Multi-sector Investment Bank.
Monday, August 18, 2008
The Social Housing Fund (FSV) mortgage portfolio, valued at $878.1 million in July of this year and which corresponds to 121,075 credits for new and used houses, should also be added to the total figure.
Until September there was a reported growth of 6.87%, less than the 12% of 2009 and the 25% of 2008.
Panama is the leading nation in Latin America for the provision of housing credit.
For the period covering the final year of the current presidential administration, the Social Housing Fund has budgeted nearly 68 million dollars to be invested in financing new housing.
The Social Housing Fund of El Salvador has raised the maximum amount for loans to $ 125,000, following a request of the Salvadoran Chamber of Construction.
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