Displaying items by tag: financial system

We've all felt the impact of the COVID-19 pandemic in our lives, so it's no surprise that it has also impacted the development of the payments industry and the use of digital financial media and services.

Today, humanity still faces many challenges to achieve true wellbeing for all, such as climate change, gender gaps, social and governance dynamics.

The Salvadoran financial system contributes to the stability of the country's economy and this is reflected in the strength of its indicators at the end of may 2023, highlighting the 9.2% interannual growth in loans, which reached US$17,974.62 million.

Today, the President of the Banco Central (BCR), Douglas Rodriguez, and the Secretary of Trade and Investment, Miguel Kattan, presided over the signing of the Technical Cooperation Agreement on financial education and inclusion, between the BCR and the financial system entities.

The Superintendencia del Sistema Financiero (SSF), reported that the stability of the banking sector is reflected in the growth of savings account balances, which, as of october 27, 2022, registered a 12% inter-annual growth compared to the last period.

The Superintendencia del Sistema Financiero (SSF) and the Defensoría del Consumidor (DC), signed a Technical Cooperation Agreement that will strengthen the provision of services in favor of the population that uses financial products and services.

The Superintendencia del Sistema Financiero (SSF), informed that Mario Ernesto Méndez Alvarado will now be the new Superintendent who will be in charge of promoting the economic welfare of salvadorans.

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