The leading private banks are: Banco Agrícola S.A. The banking industry is competitive due to the presence of foreign banks and the openness of the banking law.Ĭommercial banking services in El Salvador are provided by fourteen institutions: twelve private banks and two state-owned banks. Private banks, branches of foreign banks, state-owned banks, and credit unions are authorized to collect funds from the public. Interest rates and fees are set by market conditions. The Central Bank regulates the financial system, administers international reserves, and manages the payment system and financial services, and provides services to exporters and importers (Centro de Tramites de Importaciones y Exportaciones – CIEX El Salvador).īy law, all transactions carried out in Salvadoran banks must be denominated in U.S. In August 2011, the Financial System Supervisor was merged with the Stock Market and the Pension Supervisor in order to create a single, independent regulatory agency which is headed by a Directive Council.
The Financial System Supervisor ( Superintendencia del Sistema Financiero, SSF), an independent regulatory agency, authorizes and supervises all financial institutions in El Salvador. Leading Sectors for US Exports & InvestmentsĮl Salvador - Automotive Parts and Service EquipmentĮl Salvador - Safety and Security EquipmentĮl Salvador - Import Requirements and DocumentationĮl Salvador - Labeling/Marking RequirementsĮl Salvador - Prohibited & Restricted ImportsĮl Salvador - Investment Climate StatementĮl Salvador - U.S.
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El Salvador - Using an Agent to Sell US Products and ServicesĮl Salvador - Distribution and Sales ChannelsĮl Salvador - Selling Factors and TechniquesĮl Salvador - Trade Promotion and AdvertisingĮl Salvador - Sales Service/Customer SupportĮl Salvador - Protecting Intellectual PropertyĮl Salvador - Local Professional ServicesĮl Salvador - Principle Business AssociationsĮl Salvador - Limitations on Selling US Products and Services
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