CREDICOMER Expands in El Salvador

The company started operations on April 27 and has projections for opening eight agencies around country.

Friday, May 8, 2009

It was given operating authority on March 25 by the Superintendent of the Financial System (SSF).

Journalist German Rivas wrote for Laprensagrafica.com, "It was constituted with capital of $6.5 million and it has a paid capital of $4.7 million to date, $1.2 million more than is required by law.
It is currently serving customers in Century Plaza and Paseo General Escalón in San Salvador. It will open agencies in downtown Santa Tecla, in La Libertad, in World Plaza, Soyapango, San Salvador, in Santa Ana and in San Miguel in the short term."

More on this topic

El Salvador: New Financial Company Begins Operations

December 2014

The Superintendent of the Financial System has authorized the Savings and Credit Society Multivalores to start operating from December 22.

Sociedad de Ahorro y Crédito Multivalores, whose main shareholder is Nicaraguan, start operations on December 22 and will be headquartered in San Salvador.

New Issuer on Salvadoran Stock Exchange

February 2012

Credicomer constitutes a new issuer of securities, kicking off business with an issue of $2 million.

Credicomer, Savings and Loan Company is a new issuer on the Salvadoran Stock Exchange (BVES). This week it made its first release totaling $2 million, reported ElSalvador.com.

Credicomer and La Curacao Alliance

July 2011

Salvadoran clients of La Curacao will benefit from improved conditions in loans from the financial institution.

The economic growth experienced in El Salvador has seen a significant increase in loans for various economic activities.

The Salvadoran savings and loan company Credicomer, has benefited from this situation, increasing its loan portfolio by over 100% last year.

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