A. M. 
Deposits of the banking system in El Salvador reached the historic figure of US$18,315.5 million, according to the most recent report of the Asociación Bancaria Salvadoreña (ABANSA). This amount represents a growth of US$1,212.4 million, equivalent to an increase of 7.1% compared to the same period of the previous year.
One of the most outstanding segments is time deposits, which showed a 5.0% growth, reaching US$6,147.2 million. This type of deposit has become a preferred option for Salvadorans, who seek financial stability and competitive interest rates.
The ABANSA report stresses that this increase reflects the confidence of citizens and companies in the country’s financial system. In addition, it highlights that deposits in checking and savings accounts also contributed significantly to the overall growth of the sector.
The upward trend could be related to the economic recovery and increased bankarization of the population, driven by the digitalization of financial services. These initiatives facilitate access to savings tools and reinforce the security of deposited funds.
With a favorable outlook for the banking sector, projections point to continued growth in deposits in the coming months. This progress not only benefits financial institutions, but also fosters the country’s economic development by generating greater resources for loans and productive investments.
