According to data from the trade union, the loan portfolio stood at US $12 million 532 thousand in 2018. This means an increase of US $660 million (5.56%) compared to last year when it amounted to US $11 million 872 thousand.
The executive director of ABANSA, Marcela de Jiménez explained that as of December 2018, credit to companies represents 45.8%, while loans to individuals 34.5%, and credit to purchase homes 19.7%.
She said that the growth of credit to companies was 8.6%; to the people of 4.8%, and in the last place was the one used for the acquisition of housing with 0.3%.
ABANSA explained that financing to the commerce, manufacturing, and services sectors represents 68.5% of the total credit granted to companies.
The director of the union stressed that on average in the last 5 years, credit to the industrial sector grew 4.8%, trade 3.7%, and services 3%.
Deposits grow 4% in the last 5 years
Deposits in salvadoran banking register an average annual growth of 4% in the last 5 years.
The trade union data indicate that until September 2018, deposit accounts totaled 4,879,818, those used for savings totaled 3,724,304; those of current account were 990,721, with a term of 164,740; and housing certificates with 53.