El Salvador: Financial System Stability Assessment

IMF Staff Country Reports, February 11, 2014

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El Salvador: Financial System Stability Assessment

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Bibliographic details

• Published: February 11, 2014
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781475513790.002

Summary findings

• The paper presents an assessment of financial sector stability in El Salvador.
• The financial system of El Salvador was resilient in the face of the global shocks and political uncertainty that took a toll on the economy in 2009.
• The new stand-by arrangement with the IMF bolstered confidence in the new authority’s policies and eased concern over the limited lender-of-last-resort capacity of the central bank.
• Despite the adverse economic environment of 2009, banks’ capitalization and liquidity remain high, and stress tests indicate that most banks could withstand severe shocks.
• Regulated nonbanks are also sound.
• Pension funds’ poor profitability could pose a problem in the longer term.

Subjects and keywords (as listed)

• Subject: Banking, Credit, Financial institutions, Financial regulation and supervision, Financial Sector Assessment Program, Financial sector policy and analysis, Loans, Money, State-owned banks
• Keywords: banking law, capital adequacy ratio, Central America, central bank, commercial bank, CR, Credit, credit risk, external borrowing, financial crisis, Financial Sector Assessment Program, financial system, Global, interest rate, ISCR, Loans, problem bank Resolution, real GDP, resolution process, simulation exercise, State-owned banks

Content in this bundle

• El Salvador: Financial System Stability Assessment; IMF Country Report 14/44; August 30, 2010
  • El Salvador: Financial System Stability Assessment; IMF Country Report 14/44; August 30, 2010 (Markdown version)
  • El Salvador: Financial System Stability Assessment; IMF Country Report 14/44; August 30, 2010 (PDF)