The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

El Salvador

Awards of Excellence

Latin American regional awards


Best Bank: Banco Agrícola

At the end of March 2007, Banco Agrícola had the highest total assets for any bank in El Salvador, amounting to $3.36 billion. It had also granted more loans than any other bank, totalling $2.31 billion, and had the highest level of bank deposits at around $2.27 billion (some 29% of total deposits in the country). According to El Salvador’s banking superintendency, the bank had put aside the highest level of reserves against bad loans among all the banks in the country, meaning that any loan defaults would not affect its strength.

The bank has a total of 61 branches, 342 ATM machines and 178 sales points throughout El Salavdor. Last year, Banco Agrícola also successfully completed a $100 million future flow securitization.

In May, the biggest banking group in Colombia, BanColombia, acquired 89.1% of Banagrícola, the holding company for Banco Agrícola, for $791 million.

BanColombia says it will introduce into the El Salvadoran market products that it had developed as a speciality in Colombia, such as loans for small and medium-sized companies and micro credit.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree