Displaying items by tag: loans

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.

The Ministry of Housing has benefited 24,700 families, representing more than one million salvadorans with credits, contributions for construction and home improvement, resettlement, housing kits, and legalizations.

Deputies belonging to the Treasury and Special Budget Committee of the Legislative Assembly have issued a favorable opinion to modify and manage the request for a loan of more than US$200 million.

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