Displaying items by tag: loans

The Superintendencia del Sistema Financiero (SSF) informed that "savings accounts reveal an inter-annual growth of US$236.7 million, as of march 15, 2023, highlighting the confidence of users in the financial system". Thus, the balance safeguarded in these instruments amounts to US$5,908.4 million.

According to the Superintendencia del Sistema Financiero (SSF), as of december 2022, the evolution of savings accounts shows an increase of 10.1%, with a year-over-year growth of US$553.8 million.

The Treasury and Special Budget Commission issued two opinions in favor of the Executive Branch subscribing a loan with the Central American Bank for Economic Integration (CABEI) and the Corporación Andina de Fomento (CAF).

At the close of the first half of the year in june of this year, the SISTEMA FEDECRÉDITO achieved a growth in its loan portfolio of 12% compared to june 2021, equivalent to $289 million. The loan portfolio balance reached $2,686 million at the end of the first half of 2022, explained Oscar Pérez, director of Finance and Operations of FEDECRÉDITO.

The minister of Housing, Michelle Sol, informed this morning that together with the Fondo Social para la Vivienda (FSV), they have invested US$500 million to benefit 33,000 families with credits, contributions for construction or improvement, deeds, and resettlement.

Demonstrating solid results to date, despite the complicated international economic environment, SISTEMA FEDECRÉDITO has recorded a balance of US$2,341.1 million in its loan portfolio at the close of the first quarter of 2022, reflecting a growth of US$60.3 million in this first quarter.

The Superintendencia del Sistema Financiero (SSF), reports through its Twitter account that banking remains solid, reflecting growth in the amount of loans granted. As of april 29, 2022, an interannual increase of US$1,324.6 million is reported, showing the economic momentum in the country.

Credit cards

They are an example of revolving credit, which provides you with a line of credit, that is, a total amount on which you make purchases and payments. The main characteristic of a credit card is its temporary nature, since it allows you to use money that you do not have at the moment but that you will receive in the immediate future.

The mortgage loan is one of the most important loans, since it helps in the dream of acquiring a home in order to build an own patrimony.

The President of Banco de Desarrollo de El Salvador (BANDESAL), said in a morning interview, that through the Fideicomiso para la Recuperación Económica de las Empresas Salvadoreñas (FIREMPRESA), they delivered 33,323 credits in 11 months, which saved an equal number of companies affected by the Covid-19 pandemic.