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The latest update from abansa on financial data reveals that the salvadoran banking sector continues to demonstrate a healthy and stable financial system capable of supporting the country’s growth. According to the report, private banks hold assets of US$24.638 billion, resources that allow them to grant loans and finance strategic projects in various productive sectors.
As of september of this year, banks had issued US$17.020 billion in loans, boosting companies that continue to invest, hire more staff, and increase their production capacity.
Business lending stands out as one of the main drivers of financing; this year alone, the indicator registered an 11.6% growth, equivalent to US$8.48 billion.
The economic sectors that have most frequently used bank financing are:
Construction: US$1.156 billion in loans, a 31.9% increase compared to the previous year.
Commerce: US$2.771 billion, an 8.8% increase.
Industry: US$1.568 billion, equivalent to an 8.3% growth.
Meanwhile, financing for micro, small, and medium-sized enterprises (MSMEs) reached US$2.725 billion, representing a 13.7% increase compared to 2014. This sector, considered key to the national economy, continues to receive significant support to expand operations and strengthen its competitiveness.
The data reflects that the salvadoran banking system maintains a robust structure, capable of responding to credit demand and supporting the country’s economic dynamism, which continues to advance with positive indicators.
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