Thursday, 23 September 2021 13:08

Find out how banks rank in the latest ABANSA "Banking Ranking"

Written by Evelyn Alas

In the most recent report presented and carried out in july 2021, the Asociación Bancaria Salvadoreña (ABANSA), announced the positions of the country's banks, called "Banking Ranking".

Bancoagrícola is in first place with assets of US$5,335.1, having a value in deposits of US$4,065.8 with profits of US$63.3, Banco CUSCATLAN of El Salvador is in second place with an asset value of US$3,595.1, receiving deposits of US$2,760.8 with profits of US$23.5, Banco Davivienda is in third place with an asset value of US$2,928.0 with deposits of US$2,047.6, having profits of US$16.9.

Banco Davivienda is in third place with an asset value of US$2,928.0 with deposits of US$2,047.6, having profits of US$16. 9, fourth place is obtained by Banco Bac Credomatic with assets of US$2,886.0, in deposits its value is US$2,200.3 and profits are US$13.3, Banco Hipotecario is in fifth place with assets of US$1,483. 3, obtaining deposits of US$1,188.2, with a profit value of US$9.8 and the sixth place is obtained by Banco Promerica with an asset value of US$1,327.4 with deposits of US$1015.2, and a profit value of US$3.4.
 

While the following places are occupied by: Banco Atlantida, Banco Azul, Banco de Fomento Agropecuario, Banco G&T Continental, Banco Industrial, Banco Citybank N.A, Banco Abank.

Likewise, in the selected balance sheet accounts of July 2020 and July 2021, the banks' profits went from US$89.6 to US$145.7 with an inter-annual variation of US$673.9, deposits went from US$14,528.0 to US$15,250.3 obtaining an inter-annual variation of US$179. 7 with 1.2% and assets in 2020 were US$19,925.4 reaching US$20,443.0 in 2021 with an inter-annual variation of US$141.6 with 0.7% and equity went from US$2,162.7 to US$2,334.2 with an inter-annual valuation of US$127.3 with 5.8%.

Also the selected financial indicators from july 2020 to july 2021, solvency, Equity fund over weighted assets went from 14.49% to 14.99%, then portfolio quality, past due loans over gross loans went from 1.5% to 2.6%, profitability, profit/loss (-) in the period after tax over average equity was from 7.4% to 11.0% and profit/loss in the period after tax over average brokerage assets went from 0.8% to 1.2%.