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Bank of the Year, El Salvador: Banco Agrícola

Nov 1, 2013

As El Salvador’s largest and most profitable bank, Agrícola has held up well against the country’s economic headwinds

Banco Agrícola is one of the few banks in the world rated two notches above its sovereign. That standing, combined with a large asset base, strong profitability and a sound capital ratio, makes it a clear winner for Bank of the Year El Salvador, an accolade it has held consistently since 2007. "Banco Agrícola is number one by size, profitability and resilience, by any way you want to measure it," says Fitch director for financial institutions Edgar Cartagena. Agrícola's profitability will continue leading the local...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management