A. M. 
The Asociación Bancaria Salvadoreña (ABANSA) presented an updated report on the balance of refinanced and general loans in the country, as of july 2024. According to the figures, the total balance of refinanced loans reached US$662.9 million, while the overall balance of loans reached US$16,923.3 million. This growth reflects a positive trend in access to credit, driven mainly by the consumer and housing sectors.
In terms of loan refinancing by economic sector, the consumer sector continues to dominate with 53% of the total, equivalent to US$349.1 million. This is followed by the housing sector, which represents 16% of the refinanced balance, with US$103.5 million. Other sectors such as commerce and agriculture also showed an important participation with 7% and 9%, respectively.
The overall loan balance, which includes both refinanced and new loans, reached US$16,923.3 million as of july 2024, surpassing the US$16,190.5 million recorded in december 2023. The consumer sector remained the most representative with 33% of total loans, followed by housing with 16%. The manufacturing industry and commerce are also among the most benefited sectors with 10% and 15%, respectively.
ABANSA’s report highlights the stability in the distribution of credit in the salvadoran economy, noting that the productive sectors continue to receive considerable support. In particular, the construction, services and commerce sectors have maintained a significant proportion of access to financing, driving economic development.
The figures presented by ABANSA show a sustained growth of credit in the country, which reinforces the confidence of consumers and businesses in the salvadoran financial system.
