Displaying items by tag: Deposits

Deposits in banks, savings banks, cooperative banks and credit institutions in El Salvador reached US$18,373.65 million as of september 2023, according to the Superintendencia del Sistema Financiero (SSF).

The 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.

The President of the Banco Central de Reserva (BCR), Douglas Rodríguez, explained in a morning interview that the country's financial health has shown positive results, as deposits made by salvadorans showed a 4% growth as of april 26, 2023, or US$18,382 million compared to the same period of 2022.

Thanks to the soundness and financial efficiency of the SISTEMA FEDECRÉDITO, at the end of the first quarter of 2022, deposits reached US$1,780.5 million, a growth of US$54.2 million. Assets grew by US$3,049.3 million, and its book equity was US$571.5 million.

According to a report prepared by the Asociación Bancaria Salvadoreña (ABANSA), deposits grew +2.4% at the end of 2021, reflecting the economic activity and confidence of salvadoran depositors.

The most recent report of the Superintendencia del Sistema Financiero (SSF) reflects a bonanza in the use or request of loans and bank deposits.

The minister of Economy, María Luisa Hayem, stated that the salvadoran economy will continue to grow despite the Covid-19 pandemic.

The Superintendencia del Sistema Financiero (SSF) informed through its official Twitter account the positive increase that state-owned banks have had in relation to deposits made as of May 2021.