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The growth in loans from january 2022 to may 2022 was US$16,512.9 million and in deposits US$18,158.0 million, or 3.8%.
As for the distribution of credits in the same period for housing, it is 16.8%.
However, he said that the interest rates for loans for more than one year for companies also increased. These, as of may 2022, stood at 8.7%, which is 1.7 percentage points higher than the rate registered in the same month of 2021, according to BCR figures.
Yesenia Salas, Director of Technical Affairs at Camarasal, explained that it is more expensive for companies to acquire a loan with a term of more than one year, so they must take care of their liquidity and the financing of their working capital.
Likewise, the institution affirms that the US Federal Reserve has published, in the course of 2022, three increases in reference rates totaling 1.5 percentage points, which could generate greater pressure on interest rates in El Salvador.
The interest rate is the additional percentage paid for the use of money, generally for a period of one year.