In addition, it has a loan portfolio that reached a balance of US $2,341.1 million, reflecting a growth of US$60.3 million in this first quarter.

"The sustained growth and constant development of the SISTEMA FEDECRÉDITO reflect the soundness of the operation of the Cajas de Crédito and the Bancos de los Trabajadores, which has also allowed access to international sources of financing that contribute to the benefit of its members and clients, who can access financial products and services that adapt to their needs", said Oscar Ruano, Business Manager of FEDECRÉDITO, who emphasized that the vision and leadership of its President and CEO, Mr. Macario Armando Rosales Rosa, has also been key to the success and strength of the System.

A key factor in achieving great results is the wide coverage and the multichannel platform of the SISTEMA FEDECRÉDITO, which allows us to provide our members and customers with excellent service, in addition to the commercial agility demonstrated by the Cajas de Crédito and Bancos de los Trabajadores that are members of the SISTEMA FEDECRÉDITO.

It is important to highlight how the SISTEMA FEDECRÉDITO makes available the use of technology through its digital channels, FEDE MÓVIL and FEDE BANKING, allowing members and customers to receive their family remittances easily and securely, without having to travel.

The 47 Cajas de Crédito and the 7 Bancos de los Trabajadores members of the SISTEMA FEDECRÉDITO provide a great benefit to Salvadorans, bringing financial products and services to their members and customers from various sectors of the economy, while maintaining a firm commitment to financial inclusion for all salvadorans.

SISTEMA FEDECRÉDITO has more than 1.3 million members who trust in the strength of the institution, which maintains a leadership in the market thanks to its innovative vision with the primary objective of always giving the hand to the growth of its members and customers, as it has been a fundamental part of Salvadoran history as a promoter of financial inclusion in El Salvador.

In recent years, financial inclusion has made considerable progress in the country, since several of the initiatives implemented by the SISTEMA FEDECRÉDITO have been accepted by salvadorans and are generating great benefits for them by making use of the various financial products and services available to them, such as savings accounts exclusively for members, which have no cost, loans, payment of family remittances, Visa International debit and credit cards, insurance, among others. Likewise, it also facilitates access to these through a broad multi-channel platform integrated by FEDE MÓVIL, FEDE BANKING, FEDE RED 365, FEDE PUNTO VECINO, Call Center, Financial Kiosks, among others.

In order to continue promoting financial inclusion and savings, the SISTEMA FEDECRÉDITO offers its members the benefit of obtaining their savings accounts at no cost and having a Visa International debit card with which they do not pay membership fees.

Likewise, it develops numerous financial education activities to make its members and clients aware of the importance of saving and foresight for the future, so that they can generate financial habits that allow them to reach their objectives and avoid over-indebtedness; with this same objective, the Cajas de Crédito and Bancos de los Trabajadores of the SISTEMA FEDECRÉDITO offer members and clients who receive their family remittances, different financial products and services focused on savings to optimize the use of these remittances.

2022 continues to be a year of many challenges for the SISTEMA FEDECRÉDITO, as it will continue to consolidate its position as the financial network with the greatest national coverage, as it is "just around the corner" with more than 810 points of attention in the country, located in 195 municipalities, while continuing to promote the use of digital channels and increasing the supply of products and services, to continue consolidating itself as the best option for salvadorans when it comes to meeting their financial needs, and thus contribute to the economic and social development of our country.