El Salvador's Banking Sector: A Ranking Analysis as of December 2024
El Salvador's banking sector continues to demonstrate resilience and growth, as evidenced by key financial indicators as of December 2024. The total assets of the banking system reached USD 25,333 million, with total loans amounting to USD 17,022 million. Liabilities stood at USD 22,557 million, while total deposits accounted for USD 11,649 million. The banking sector's net worth was USD 2,723 million, with total revenues of USD 2,561 million and a final net income of USD 325 million. These figures highlight the sector’s capacity to sustain operations while generating solid profitability.
A closer look at the market share distribution by assets reveals the dominance of a few key players. Banco Agrícola, S.A. leads the sector with a 24% market share, reinforcing its position as the largest bank in El Salvador. Following closely, Banco Cuscatlán de El Salvador, S.A. holds a 17% share, maintaining a strong foothold in the industry. Banco de América Central, S.A. ranks third with a 15% share, while Banco Davivienda Salvadoreño, S.A. and Banco Hipotecario de El Salvador, S.A. hold 13% and 9% of the market, respectively. These five institutions collectively control a significant portion of the financial landscape, shaping the competitive dynamics of the sector.
The financial performance of the banking industry reflects a well-capitalized and efficiently managed system. With total loans representing approximately 67% of total assets, credit activity remains a crucial driver of banking revenues. Meanwhile, the sector’s profitability, with a final result of USD 325 million, underscores the ability of banks to navigate economic challenges while maintaining stable margins. The deposit base, amounting to USD 11,649 million, plays a fundamental role in funding operations, although there remains room for growth in financial inclusion and savings mobilization.
Looking ahead, the banking sector in El Salvador faces opportunities and challenges amid a shifting economic environment. While top institutions continue to consolidate their market presence, regulatory adjustments, digital transformation, and evolving consumer behaviors will shape the industry’s trajectory. The performance of the leading banks will be pivotal in determining the sector’s resilience and capacity to sustain long-term growth in the years to come.
|
ASSETS |
MARKET SHARE |
|
BANCO AGRÍCOLA, S.A. |
24,0% |
|
BANCO CUSCATLÁN DE EL SALVADOR, S.A. |
16,8% |
|
BANCO DE AMÉRICA CENTRAL, S.A. |
14,6% |
|
BANCO DAVIVIENDA SALVADOREÑO, S.A. |
13,3% |
|
BANCO HIPOTECARIO DE EL SALVADOR, S.A |
9,0% |
|
BANCO PROMÉRICA, S.A. |
5,8% |
|
BANCO ATLÁNTIDA EL SALVADOR, S.A. |
5,2% |
|
BANCO AZUL DE EL SALVADOR, S.A. |
3,5% |
|
BANCO INDUSTRIAL EL SALVADOR, S.A. |
3,0% |
|
BANCO DE FOMENTO AGROPECUARIO |
2,0% |
|
BANCO APOYO INTEGRAL, S.A. |
1,1% |
|
CITIBANK N.A. |
0,9% |
|
BANCO ABANK, S.A. |
0,8% |
|
TOTAL |
100,0% |
|
LOANS |
MARKET SHARE |
|
BANCO AGRÍCOLA, S.A. |
24,3% |
|
BANCO CUSCATLÁN DE EL SALVADOR, S.A. |
17,6% |
|
BANCO DE AMÉRICA CENTRAL, S.A. |
15,7% |
|
BANCO DAVIVIENDA SALVADOREÑO, S.A. |
14,1% |
|
BANCO HIPOTECARIO DE EL SALVADOR, S.A |
6,1% |
|
BANCO PROMÉRICA, S.A. |
5,8% |
|
BANCO ATLÁNTIDA EL SALVADOR, S.A. |
5,1% |
|
BANCO AZUL DE EL SALVADOR, S.A. |
3,6% |
|
BANCO INDUSTRIAL EL SALVADOR, S.A. |
3,5% |
|
BANCO DE FOMENTO AGROPECUARIO |
2,0% |
|
BANCO APOYO INTEGRAL, S.A. |
1,2% |
|
BANCO ABANK, S.A. |
0,7% |
|
CITIBANK N.A. |
0,2% |
|
TOTAL |
100,0% |
|
LIABILITIES |
MARKET SHARE |
|
BANCO AGRÍCOLA, S.A. |
24,0% |
|
BANCO CUSCATLÁN DE EL SALVADOR, S.A. |
16,7% |
|
BANCO DE AMÉRICA CENTRAL, S.A. |
14,8% |
|
BANCO DAVIVIENDA SALVADOREÑO, S.A. |
13,2% |
|
BANCO HIPOTECARIO DE EL SALVADOR, S.A |
9,2% |
|
BANCO PROMÉRICA, S.A. |
5,9% |
|
BANCO ATLÁNTIDA EL SALVADOR, S.A. |
5,2% |
|
BANCO AZUL DE EL SALVADOR, S.A. |
3,5% |
|
BANCO INDUSTRIAL EL SALVADOR, S.A. |
3,0% |
|
BANCO DE FOMENTO AGROPECUARIO |
1,9% |
|
BANCO APOYO INTEGRAL, S.A. |
1,0% |
|
CITIBANK N.A. |
0,9% |
|
BANCO ABANK, S.A. |
0,8% |
|
TOTAL |
100,0% |
|
DEPOSITS |
MARKET SHARE |
|
BANCO AGRÍCOLA, S.A. |
31,5% |
|
BANCO CUSCATLÁN DE EL SALVADOR, S.A. |
18,6% |
|
BANCO DE AMÉRICA CENTRAL, S.A. |
15,9% |
|
BANCO DAVIVIENDA SALVADOREÑO, S.A. |
12,5% |
|
BANCO HIPOTECARIO DE EL SALVADOR, S.A |
5,9% |
|
BANCO PROMÉRICA, S.A. |
4,9% |
|
BANCO ATLÁNTIDA EL SALVADOR, S.A. |
2,8% |
|
BANCO AZUL DE EL SALVADOR, S.A. |
2,2% |
|
BANCO DE FOMENTO AGROPECUARIO |
2,1% |
|
BANCO INDUSTRIAL EL SALVADOR, S.A. |
1,8% |
|
CITIBANK N.A. |
1,3% |
|
BANCO APOYO INTEGRAL, S.A. |
0,4% |
|
BANCO ABANK, S.A. |
0,2% |
|
TOTAL |
100,0% |
|
EQUITY |
MARKET SHARE |
|
BANCO AGRÍCOLA, S.A. |
24,1% |
|
BANCO CUSCATLÁN DE EL SALVADOR, S.A. |
17,4% |
|
BANCO DAVIVIENDA SALVADOREÑO, S.A. |
13,7% |
|
BANCO DE AMÉRICA CENTRAL, S.A. |
13,3% |
|
BANCO HIPOTECARIO DE EL SALVADOR, S.A |
7,8% |
|
BANCO ATLÁNTIDA EL SALVADOR, S.A. |
4,8% |
|
BANCO PROMÉRICA, S.A. |
4,4% |
|
BANCO AZUL DE EL SALVADOR, S.A. |
3,8% |
|
BANCO INDUSTRIAL EL SALVADOR, S.A. |
3,8% |
|
BANCO DE FOMENTO AGROPECUARIO |
2,6% |
|
CITIBANK N.A. |
1,6% |
|
BANCO APOYO INTEGRAL, S.A. |
1,4% |
|
BANCO ABANK, S.A. |
1,3% |
|
TOTAL |
100,0% |
|
GROSS INCOME |
MARKET SHARE |
|
BANCO AGRÍCOLA, S.A. |
25,3% |
|
BANCO CUSCATLÁN DE EL SALVADOR, S.A. |
15,3% |
|
BANCO DE AMÉRICA CENTRAL, S.A. |
14,3% |
|
BANCO DAVIVIENDA SALVADOREÑO, S.A. |
14,1% |
|
BANCO HIPOTECARIO DE EL SALVADOR, S.A |
7,1% |
|
BANCO PROMÉRICA, S.A. |
6,5% |
|
BANCO ATLÁNTIDA EL SALVADOR, S.A. |
4,5% |
|
BANCO AZUL DE EL SALVADOR, S.A. |
3,6% |
|
BANCO ABANK, S.A. |
2,3% |
|
BANCO INDUSTRIAL EL SALVADOR, S.A. |
2,1% |
|
BANCO APOYO INTEGRAL, S.A. |
2,0% |
|
BANCO DE FOMENTO AGROPECUARIO |
1,9% |
|
CITIBANK N.A. |
0,9% |
|
TOTAL |
100,0% |
|
BANK |
NET INCOME USD 000 |
|
BANCO AGRÍCOLA, S.A. |
126.726 |
|
BANCO CUSCATLÁN DE EL SALVADOR, S.A. |
57.259 |
|
BANCO DE AMÉRICA CENTRAL, S.A. |
34.069 |
|
BANCO DAVIVIENDA SALVADOREÑO, S.A. |
33.164 |
|
BANCO HIPOTECARIO DE EL SALVADOR, S.A |
21.921 |
|
CITIBANK N.A. |
10.125 |
|
BANCO AZUL DE EL SALVADOR, S.A. |
8.737 |
|
BANCO DE FOMENTO AGROPECUARIO |
7.749 |
|
BANCO INDUSTRIAL EL SALVADOR, S.A. |
7.420 |
|
BANCO PROMÉRICA, S.A. |
7.131 |
|
BANCO ATLÁNTIDA EL SALVADOR, S.A. |
3.968 |
|
BANCO APOYO INTEGRAL, S.A. |
3.747 |
|
BANCO ABANK, S.A. |
3.033 |
|
TOTAL |
325.049 |
