The Índice General de Precios al Consumidor registered a monthly increase of 0.21%.
Written by Leydin SortoThe Índice General de Precios al Consumidor (IPC) in august 2023 was 129.44, registering a monthly increase of 0.21%, being this variation 0.22% higher than the result of july 2023, according to data published by the Banco Central de Reserva (BCR).
Deposits in El Salvador grew 5.2% at the end of august 2023
Written by Leydin SortoThe increase in bank deposits in El Salvador in 2023 reflects a more dynamic economic activity compared to 2022, which demonstrates the confidence of salvadoran depositors.
Banco Cuscatlán begins operations in Honduras
Written by Leydin SortoBanco Cuscatlán begins a new stage of regionalization by starting operations in Honduras, making effective its change of image, after Inversiones Cuscatlán Centroamérica, an investor in the financial sector at a regional level with ample solidity and experience in El Salvador and Guatemala, obtained the corresponding regulatory authorizations for the acquisition of the majority of the shares of Banco de los Trabajadores.
Advantages of a mortgage loan as a financial instrument
Written by Leydin SortoWhat is a mortgage loan? A mortgage loan is a loan offered by a financial institution that allows a person to purchase a home or real estate. The property acquired acts as collateral for the loan.
CAF to support El Salvador with a US$77 million loan for the implementation of a telemedicine system
Written by Leydin SortoThe Board of Directors of the Development Bank of Latin America and the Caribbean (CAF) approved a $77 million loan in favor of the Republic of El Salvador to support the implementation of a telemedicine system in the country.
Tax collection increases by US$135.3 million so far in 2023
Written by Leydin SortoAccording to the Ministerio de Hacienda (MH), the State's tax collection from january through august 2023 totals US$4,939.4 million. This represents an increase of US$135.3 million compared to the same period of 2022, that is, a growth of 2.8%.
Tourism in El Salvador generates a total of US$2,480 million
Written by Leydin SortoAs of august of this year, El Salvador has received 2 million visitors, which translates to more than US$2.48 billion in foreign exchange income.
Nayib Bukele publishes data on El Salvador's bond rebound in his X account
Written by Leydin SortoIs it time to collect profits or is it now a virtuous circle? According to data revealed by Santander Corporate & Investment Banking, El Salvador's bond rally almost defies gravity, with bond prices now comfortably in the 70s and yields near a threshold that could soon suggest market access.
BCR President warns not to give financial information in census
Written by Leydin SortoThe Banco Central de Reserva de El Salvador (BCR) will invest US$44 million granted in 2018 by the Inter-American Development Bank (IDB) in the census program that begins next monday, september 11.