Banco Cuscatlan El Salvador
Latin America
Region
158.7
Commitment (MNOK)
Active
Status
Banco Cuscatlán has been in operation in El Salvador since 1972. In 2015, it became part of Terra Group, one of the strongest Central American business groups. In April 2019, Terra Group decided to acquire the operations of Scotiabank El Salvador and to merge them with the Cuscatlán operation. This merger was completed successfully in 2020, strengthening the bank's franchise and business model. It is now the 2nd largest bank out of 13 commercial banks in the country and currently serves more than 700,000 clients. It has national coverage, with a network that includes 50 full agencies, 30 mini agencies and 9 remittance centers
Key information
- Sector:
- Financial Inclusion
- Commitment (MNOK):
- 158.7
- Year:
- 2022
- Region:
- Latin America
- Country:
- El Salvador
- Domicile:
- El Salvador
- Instrument:
- Loans
- Status:
- Active
- Mandate:
- Development
Additionality Banco Cuscatlan El Salvador
This investment is particularly additional on the following ambitions:
- Investing in the poorest countries
- nvesting in the most capital constrained markets
- Investing in the riskiest markets
- Investing in sectors with high development needs
- Investing in high risk instruments
- Improving social and environmental performance
- Supporting enterprise improvements
