A Strong Lead
El Salvador - Best Bank – Banco Agricola
With tiny El Salvadors dollarized economy tied closely
to the United States, banks struggled with the downturn along
with the broader economy. The trend may be reversing in spite
of another complicated year amid continued global economic
turmoil. Bancolombias Salvadoran affiliate, Banco
Agrícola, maintains a strong lead in El Salvadors
banking sector with 30.6% of the markets loans and 27.9%
of its deposits, keeping it ahead of international rivals HSBC,
Citi and Scotiabank. And while global economic challenges are
still weighing on the...
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