Wednesday, 22 September 2021 14:28

Banking reflects growth in deposits and loans

Written by Dinero Staff

The most recent report of the Superintendencia del Sistema Financiero (SSF) reflects a bonanza in the use or request of loans and bank deposits.

As of september 17, Banks, Cooperative Banks and Savings and Loans Societies reflected an inter-annual growth of deposits of US4648.5 million, and in loans these institutions show an inter-annual growth of US4782.9 million.

While liquidity has also been positive during this 2021, since the expected liquidity was US$2,243.0 million; while the one reflected to date is US$2,573.4 million.

In the Financial newsletter of the Asociación Bancaria Salvadoreña (ABANSA) of the second quarter, it shows that savings and checking accounts have been increasing; since, last july they reached US$15,430 million, which represented a 6.2% annual growth, where the most dynamic item was checking accounts with an 11.9% increase and savings accounts with 9.1%.

 

Likewise, the above mentioned Bulletin shows that banks continue to support the economic development of the country, because the balance of loans reached a total of US$13,788 million as of july 2021, the most benefited clients are companies, representing a growth of 3.3% compared to the previous quarter.

The SSF through its twitter account points out that the state-owned bank registered, at the end of august 2021, a year-on-year growth of 22% in deposits and 7.83% in loans. If placed in figures loans reached US$1,233.1 million as of august while deposits US$1,553.4 million.