Salvadoran Banks: Few Loans, Excess Liquidity

©image: Chris Dlugosz

Abansa, the country’s banking association, reported that in January the index measuring liquidity stood at 41.42%, more than in January 2009 (36.51%).

Economists and business leaders criticize banks for not lending these resources to the productive sectors of the country.

“Manuel Enrique Hinds, Economic Analyst, considers the restriction to credit as one of the reasons behind the current economic stagnation, along with insecurity”.

Source: elsalvador.com

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