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The Asociación Bancaria Salvadoreña (ABANSA) reported that business loans reached US$9.143 billion, marking a year-over-year increase of 14.5%.
According to the association, this segment accounts for 51% of the salvadoran banking system’s total loan portfolio, reflecting the dynamism of various productive sectors in the country.
Among the economic activities with the highest growth, the construction sector stood out, with a credit balance of US$1.283 billion, equivalent to a year-over-year increase of 31.6%.
According to data presented by ABANSA, this growth represents an additional US$308 million compared to the same period last year.
The association noted that the commerce sector also showed significant dynamism, with growth of 30.2%, equivalent to US$303 million more in financing.
The services sector recorded a year-over-year increase of 19.6%, representing an additional US$250 million in loans.
ABANSA emphasized that the growth in business financing helps drive the country’s economic activity, as access to credit allows companies to invest, develop projects, and strengthen their operations.
It also noted that financing for productive sectors has ripple effects on other areas of the economy, such as job creation, demand for materials, and the movement of supply chains.
The association pointed out that the performance of business credit reflects increased economic activity and a rise in investment needs across various productive sectors in El Salvador.
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