Banking loans Salvadorean Banking Association bank credit access to credit loan Banks credit contraction Armando Arias Central Reserve Bank of El Salvador Asamblea Legislativa (El Salvador) Banco G&T Continental Catastrophe Deferred Drawdown Option (CAT DDO) Claudio de Rosa National Bank for Agricultural Development (Honduras)

Salvadoran Banks Have $800 Million to Lend

Banks in El Salvador remarked they have resources to boost the country’s economic recovery and lend them to companies.

Monday, April 12, 2010

©image: cometstarmoon

Armando Arias, president of the Salvadoran Banking Association (ABANSA), explained they now have enough liquidity to assist the country in its economic recovery, thanks to being very cautious during the crisis.

“We have between $800 million and $1.000 million ready, we need investors to submit viable projects”, said Arias.

Source: laprensagrafica.com

Key entities

Salvadorean Banking Association Armando Arias

Countries

El Salvador

Insight

Banks loans loan Catastrophe Deferred Drawdown Option (CAT DDO) loans bank credit access to credit Banking

El Salvador: Financial Companies Request International Funds

August 2009

Financial companies members of ASIFBAN are demanding the government more access to international financial resources.

Nelson Alvarado is the President of the Salvadoran Association of Financial Intermediaries, also known as ASIFBAN. He stated that his union is undertaking several measures to obtain more financial resources...

Salvadoran Banks: Few Loans, Excess Liquidity

March 2010

Banks have been very cautious when granting loans; as a result, their liquidity is 24.4% above the legal requirement.

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.

Credit restrictions affecting Salvadoran productive sector

October 2008

Producers Associations in El Salvador expressed concerns about the tightening of credit policies.

The Corporation of Exporters of El Salvador (Coexport) has detected more restrictions for new credit and for refinancing. "The processes are stricter, especially for new clients and those who are in default," said Silvia Cuellar, executive director of Coexport.

Banco G & T El Salvador has $270 million for Loans

February 2012

The bank is planning to grant loans this year worth $270 million.

Last year it approved $210 million worth of loans to productive sectors such as industry, trade, services, agriculture and construction, an increase of 49% compared to 2010, said the General Manager of the institution, Roberto Silva Alvarez.

close (x)