Bank lending suffers in El Salvador as portfolio falls by $420 million through June
Friday, August 6, 2010
El Salvador is still feeling the impact of the international financial crisis, combined with domestic uncertainty, reflected in bank lending.
Statistics from the Salvadoran bankers’ association indicates that the credit portfolio of the nation’s banks has fallen by $420 million this year through June.
The sectors where bank lending has fallen include commerce, by $175 million, housing by $62 million, farming $59 million and construction
$23.5 million.
Original source (in Spanish): Elsalvador.com