Bank Earnings Down 38% in El Salvador

Up to June 30th, banks reported $33.7 million in earnings, 38.2% less than the same period of 2008, when they brought home $88.2 million.

Monday, August 3, 2009

Marcela Jiménez is the executive director of Abansa, the Banking Association of El Salvador. She assures local banks are committed to their projects in the country.

"Return over equity was 3.10% up to May 2009, while it was 14.72% in the same month of 2008", reported an article in

More on this topic

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

Banking Profits Fall 21% in Panama

December 2009

For the third quarter of 2009, Panamanian banks reported profits for $675.8 million.

In the same period of 2008, banks racked up $860.1 million in profits.

"The drop is mainly because banks are receiving less interest on deposits (around 50% less)", reported

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

Earnings Fall by 39.1% in Honduan Private Banking

June 2009

At the end of the first quarter of this year, profits were $32 million, 39.1% less than during the same period last year.

This is the first time in the last ten years that the Honduran banking system has registered a decrease in profits.

Journalist Luis Rodriguez wrote on the El Heraldo website: "The institutions that closed their balance sheets in the red were international banks such as HSBC (-59.8 million Lempiras, $3.17 million) Bancovelo (-3.4 million Lempiras, $180 thousand) and ProCredit (-29.5 million Lempiras, $1.56 million). The remaining 14 banks reported profits, but lower than those observed in the first quarter of 2008.

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