Savings guaranteed in El Salvador

The IGD will extend its savings guarantee to $8,500 for clients in cooperative banks and non banking financial institutions.

Friday, December 26, 2008

As reported by, the Institute for Savings Guarantee (IGD) "will provide a guarantee similar to that currently in place for banks regulated under the Banking Law, to these organizations, that will join the Institute as member entities".

More on this topic

El Salvador: Bank Deposit Insurance

December 2013

In case of bankruptcy of a bank, the accounts will be insured for up to $10,000 by the Deposit Guarantee Institute.  

The Deposit Guarantee Institute (IGD) announced that from January 1st deposits will be insured up to a limit of $10,000 per bank. Insurance is active if any of the entities registered in the Financial System goes bankrupt.

Guarantee Fund Could Pass to Central Bank

March 2013

Private banks in Costa Rica are opposed to the $30 million fund that protects small depositors being transferred to the Central Bank. reports that "private banks are against transfer of the administration of the $30 million fund which protects small savers, in case of bankruptcy of a financial institution, to the Central Bank, as ordered by a Bill ruled on in the Economic Affairs Committee of Congress. "

El Salvador Will Guarantee Deposits Over $9.000

January 2010

Starting January 1st, 2010, bank deposits smaller than $9.000 are covered by the Deposits Guarantee Institute (IGD).

IGD was created in 1999, and aims to protect small depositors from the eventuality of a bank collapse.

"The initiative aims to further protect depositors", reports "95% of the clients at participant institutions have deposits below the guarantee limit".

El Salvador: Comédica Builds Administrative Headquarters

March 2009

The Medical College’s Financial Cooperative is building a 2,500 square meter building that will be its administrative headquarters.

The aim is to centralize the various offices of the cooperative which are currently spread across various sectors.

An article in detailed some of the features of the new building: "It will have parking space for approximately 100 vehicles.

 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

Society of Trust and Estate Practitioners (STEP)

The Society of Trust and Estate Practitioners (STEP) is the leading worldwide professional body for practitioners in the fields of trusts, estates and related issues. STEP members help families plan their long term financial future, facilitating good stewardship and financial planning across future generations. STEP members also help families comply with the often complex tax rules surrounding trusts, estates and inheritance. STEP is a unique professional body providing members with a local, national and international learning and business network. STEP provides education, training, representation and networking for its members. Full members of STEP are the most experienced and senior practitioners in the field of trusts and estates. Members advise clients on the broad business of the management of personal finance.
Operates in Panama
Phone: (507 ) 205-6000

Company Profile

Stock Indexes

(Jun 28)
Dow Jones
S&P 500


(Jun 28)
Brent Crude Oil
Coffee "C"