A. M. El Salvador’s banking sector once again demonstrates its robustness and dynamism, with a significant increase in total assets. At the end of the last period analyzed, assets consolidated an impressive US$26,028.7 million, marking a year-on-year growth of more than US$1,886.8 million, representing a remarkable 7.8% increase.
This progress translates not only into numbers, but also into an engine for the national economy. The health of bank assets has a direct impact on the capacity to grant loans, finance investment projects and stimulate consumption, vital elements for the growth of the Gross Domestic Product. The 7.8% increase underscores a favorable environment for financial transactions and investment, consolidating El Salvador as an attractive destination for capital and business expansion in the Central American region.
According to the most recent Banking Ranking of the Asociación Bancaria Salvadoreña (ABANSA), Banco Agrícola tops the list with a total of US$6,413.4 million, representing a 24.6% share of total bank assets. It is followed by Banco Cuscatlán, with US$4,357.1 million and a 16.7% share, demonstrating its relevance in the national financial landscape. In third place, BAC Credomatic contributes US$3,792.1 million, accounting for 14.6% of the total, demonstrating the diversification and competitiveness of the banking sector in the country.
This distribution of participation reflects the confidence of depositors and investors in these entities, which have managed to maintain and increase their portfolio in an economic environment that demands constant adaptation and solidity.
The 7.8% increase in total assets and the consolidation of the main banks as pillars of the system, project an encouraging outlook for the economic stability of El Salvador.
