El Salvador: Financial System Stability Assessment

Publication Date: February 11, 2014
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Summary: This paper discusses key findings of the detailed assessment of compliance of the Basel Core Principles for Effective Banking Supervision for El Salvador. The Salvadoran financial system is comparable with its regional peers in terms of size. The financial system has weathered the global financial crisis reasonably well. Reflecting a flight out of riskier assets and a number of recapitalization rounds, capital adequacy levels slightly increased and currently averages nearly 17 percent. Nonperforming loans amount to 3.8 percent of total loans, up from about 2 percent before the crisis. The Salvadoran authorities are also in the process of overhauling the supervisory landscape.
Series: Country Report No. 14/44
Subject(s): Financial system stability assessment | Article IV consultation reports | Financial sector | Banks | Nonbank financial sector | Bank supervision | Basel Core Principles | Bank legislation | Bank soundness | Financial safety nets | Capital markets | Economic indicators | Reports on the Observance of Standards and Codes | El Salvador

Publication Date: February 11, 2014
ISBN/ISSN: 9781475513790/1934-7685 Format: Paper
Stock No: 1SLVEA2014001 Pages: 65
US$18.00 (Academic Rate:
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