The evolution of savings accounts shows that they grew US$628.3 million or US$5,866 million in 2022 compared to US$5,238 million in 2021.
The growth of lending in the financial system is a reflection that the country's economy has a positive dynamism. As of october 27, 2022, the amount granted in loans had an interannual increase of 10.02%, which represents US$1,600.8 million.
This data shows that the year-on-year growth of loans in banks, cooperatives and Savings and Credit Societies (SAC) in 2021 was US$15.67 billion.
As of october 27, 2022, banks, cooperative banks and savings and credit societies registered an inter-annual growth of US$729.7 million, or 4.3% in deposits, which reflects the confidence that salvadorans have in the country's financial system.
Savings accounts with simplified requirements show a growing trend since 2018, reaching a total of 183,964 as of september 2022, demonstrating the easy access to financial products from mobile devices.