BAC El Salvador

Latin America

Region

214.1

Commitment (MNOK)

Active

Status

BAC has been in operation in El Salvador since 1997, as part of BAC Credomatic Financial Group which has its origins in the 50s in Nicaragua. As of today, it is the 3rd largest bank in the country, out of 13 commercial banks, with 44 branches across the country and 2,163 employees (out of which 57% are women). It has a portfolio split of 45% in business loans (with an average loan size of $250,000), 42% in consumer loans, and 13% in mortgage loans. During 2022, it increased its loan portfolio by 15% (well above the 10.7% of the overall financial system), with the business loan portfolio notably representing 67% of this growth.

detail_image

Key information

Sector:
Financial Inclusion
Commitment (MNOK):
214.1
Year:
2023
Region:
Latin America
Country:
El Salvador
Domicile:
El Salvador
Instrument:
Loans
Status:
Active
Mandate:
Development