Alonso Zuniga / Photographer / Producer
Bancoagrícola is in the process of consolidating its position as a regional leader in El Salvador by promoting three fundamental pillars that seek to foster economic and social development in the country. The first pillar of this strategy focuses on financial inclusion. Bancoagrícola has invested US$280 million to improve access to financial services for women and the self-employed. In addition, it has disbursed US$137 million in loans and time deposits through the development and improvement of its digital services.
The second pillar of the bank’s strategy is the expansion of the productive fabric. Bancoagrícola is investing more than US$450 million to boost competitiveness in the agroindustrial sector, small and medium-sized enterprises (SMEs), and the export sector. This investment seeks to strengthen these key areas of the Salvadoran economy, thereby promoting more robust and sustained growth in the country.
The third pillar focuses on building sustainable cities. Bancoagrícola has earmarked US$111 million for projects that promote energy efficiency and the use of renewable energy. This investment reflects a commitment to environmental sustainability and the development of environmentally friendly infrastructure.
In terms of digital growth, Bancoagrícola has achieved a notable expansion in its client base. In the last year, the number of digital customers has grown by 33%, reaching 617,000 users. Time deposits in the entity exceeded US$250 million, with more than 14,000 deposits made digitally. In addition, in the first half of the year, the institution has opened more than a thousand new digital accounts, demonstrating a strong trend towards the digitization of its services.
With these efforts, Bancoagrícola not only seeks to strengthen its position in the regional market, but also to contribute significantly to the economic and social progress of El Salvador, through strategic investments and a growing adoption of digital technologies.