A. M. El Salvador’s banking sector confirms its strength and dynamism, registering an impressive growth in total assets. According to the Asociación Bancaria Salvadoreña (ABANSA), the consolidated figure reached US$26,477.5 million. This amount represents a year-on-year increase of more than US$1,975.4 million, marking a remarkable 8.1% growth.
This progress is a key driver of the salvadoran national economy, as the health of bank assets boosts lending capacity. This capacity finances investment projects and stimulates consumption, crucial elements for Gross Domestic Product (GDP) growth. The 8.1% increase highlights a favorable environment for transactions.
Banco Agrícola leads the ranking with a total of US$6,560.1 million, accounting for 24.8% of total assets. It is followed by Banco Cuscatlán, with US$4,464.9 million and a 16.9% share of the financial market. In third place, BAC Credomatic contributes US$3,843.8 million, representing 14.5% of the total.
This share distribution reflects the confidence of depositors and investors in these institutions. Banks have managed to maintain and increase their portfolio in an economic environment that demands constant adaptation and soundness.
The Asociación Bancaria Salvadoreña highlights this growth as a key indicator of financial stability. The consolidation of the main banks as pillars of the system projects an encouraging outlook. This outlook boosts the country’s economy.
