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.
Mean while, for loans which terms that are less than a year, the increase was 0.06%, regarding August, ending up at 7.55%.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

El Salvador: Bank Credit Up 5%

April 2018

In the first quarter of 2018, credit granted by banking system entities grew by 5% compared to the same period in 2017, driven by consumer loans and business loans.

Figures from the Salvadoran Banking Association (Abansa), up to last March, indicate that "...

Central America Banks: Solid But Less Profitable

September 2013

In the last year, the sector was characterized by lower loan growth, lower returns and higher funding costs.

Fitch has presented its Special Report on the Central American Banking System, which analyzes the performance of the sector in the period between July 2012 and June 2013.

Central American Banks Resists Contagion

July 2012

Fitch believes that increased volatility of international markets has had only a marginal effect on the stability of savings in the banks passive mix.

The funding of the Central American banks, led by domestic deposits in about 90%, had its strength tested during the spread of the financial crisis, according to a new report from Fitch Ratings.

Bank Deposits Grow 7% in Panama

March 2011

In late January 2011, the Panamanian banking system recorded $ 44.582.000 in deposits, 7% more than the same month of 2010.

MEF analysts highlight the fact that internal and external deposits increased in comparison to last year and pointed out the assets Panama has built after the great financial crisis.

ok