Development Bank in El Salvador Starts OperationsThe Development Bank in El Salvador has received about three hundred projects which it could potentially fund, in the category of medium and small businesses, and will start analyzing them next month.Friday, March 16, 2012
Oscar Lindo, chairman of the state agency, indicated that they have yet to define service guidelines between the Bandesal and private banks. Once they have been defined analysis of potential funding will start. Source: elmundo.com.sv ¿Busca soluciones de inteligencia comercial para su empresa?Productive Projects Pending CreditMay 2012 The Development Bank of El Salvador has received about 700 investment prospects recently and is preparing to grant loans starting from this May. El Salvador: Credit to MSMEsFebruary 2012 The start of 2012 will see the launch of the new Development Banking System, which has $200 million in credit to support micro, small and medium enterprises. Salvadoran Development Banking Law Comes into EffectJanuary 2012 From January 19th with the entry into force of the law to encourage development the Banco Multisectorial de Inversiones (Multisectoral Investment Bank) will operate as Banco de Desarrollo, (Development Bank or BDES). Development Bank System off to partial startNovember 2008 The Development Bank System (SBD) will start to function in December, but a great part of it is still incomplete and will take at least six months to complete.
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