• The Salvadoran financial institution provides financing to all of the country’s production sectors.

April 9, 2024- Banco Hipotecario joined the Latin American Association as an active member with a view to bolstering ALIDE’s efforts in El Salvador and undertaking joint activities to support the financing and entrepreneurial development of SMEs in the country.

Banco Hipotecario de El Salvador was founded in 1935 with the backing of important agricultural and stockbreeding trade associations and in 1992, capital contributions by the Central Reserve Bank made the state its major shareholder.

The financial institution has as its mission to be the bank that supports the sustainable growth of all the country’s production sectors and offers financing solutions to the people of El Salvador.

Furthermore, as its vision states, it seeks to be a bank that boosts the economic development of a better country, by responding to the needs of all production sectors through its various credit lines and also by offering special lines to sectors that have been historically marginalized.

By joining ALIDE, Banco Hipotecario de El Salvador will have an opportunity to establish closer relations with international organizations, agencies for cooperation, and others of the region’s development banks.

It should be stressed that Banco Hipotecario will be welcomed into ALIDE during the Annual Meeting of the ALIDE General Assembly, to be held in Fortaleza, Brazil, on May 15 to 17, 2024.  The bank’s participation will reinforce ALIDE’s presence in El Salvador and Central America.