Best Bank - El Salvador

Best Bank - El Salvador

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So far, so good. As of August, the bank was able to increase its return on average equity (ROAE) to 16.3% from 9.8% a year earlier, according to company information. It also grew return on average assets (ROAA) to 2.1% from 1.2% in the same period. These are the highest ROAE and ROAA in the Salvadoran banking sector, according to the local banking association, Abansa. For instance, as of August, Abansa data show that Scotiabank had ROAE of 3.9% and ROAA of 0.4%. HSBC had ROAE of 6.27% and ROAA of 0.8% while Citi claims ROAE of -13.8% and ROAA of 0.2%. Moreover, according to Fitch, the average ROAE of Salvadoran banks is 6.9% and average ROAA 0.9%. Agrícola’s better performance

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