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The Asociación Bancaria Salvadoreña (ABANSA) reported that the country’s financial system exceeded 7 million active savings and checking accounts as of march 2026, reflecting a year-over-year growth of 21%.
According to the association, over 1.28 million new accounts were added to the financial system over the past year, indicating greater access by the population to formal banking services.
ABANSA highlighted that this growth represents a significant step forward in financial inclusion, allowing more salvadorans to save, conduct transactions, and manage their money securely through regulated institutions.
One of the segments that showed the greatest growth was that of simplified accounts, a product designed to facilitate access to banking services for people with lower incomes or who previously did not use financial services.
According to the data presented, simplified accounts saw year-over-year growth of 72% among women and 75% among men as of the end of march 2026.
The association explained that this type of account has fewer requirements for opening and allows users to more easily access basic financial tools such as deposits, withdrawals, transfers, and electronic payments.
ABANSA noted that the increase in the number of accounts reflects the banking sector’s efforts to eliminate barriers to access and bring financial services to more segments of the population, regardless of their income level.
Furthermore, having a bank account provides greater security for safeguarding money, facilitates financial transactions, and promotes greater participation by individuals in the formal economy.
The association noted that the growth of financial inclusion also drives the use of digital payment methods and strengthens the modernization of El Salvador’s banking system.
With these results, the banking sector continues to expand access to financial services in the country, promoting greater integration of Salvadoran families into the formal economic system.
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