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Finance
Activity: Bank
Date of creation: 1996
Employees: 700
Banco Promerica El Salvador is a young financial
group with great alliances and an experienced team to
attend clients which is the main reason for the Bank’s
success and constant growth. The Bank has grown
consistently in all financial variables, thus, increasing
its market share, and strengthening its trust and
image among its clients and the financial sector.
Grupo Promerica was founded in Nicaragua in
1991, with the foundation of Banco Nacional de la
Producción; swiftly its financial commercial services
extended to Central America, Panama, Ecuador and
the Dominican Republic.
Banco Promerica began its operations in El Salvador
on January 12, 1996; was founded thanks to the
contributions and strong support of a group of
visionary stockholders who believed in the well-being
and development of the country and the region. The
financial conglomerate Inversiones Financieras
Promerica, include a controlling company and a
commercial bank.
Its assets are around $USD 400 million. Its main
markets are small and medium enterprises that
generate 47% of its business, and 40% consumption,
thanks to 75,000 credit cards available only in El
Salvador.
Banco Promerica is a bank that offers all types of
services at a regional level to whomever wishes to
establish themselves in El Salvador as a platform
for expansion in the rest of the Central American
countries.
The Bank’s market share is 3% but it represents
an economic group with over 3,000 million in
assets that is characterized by its speedy decision
making. Besides, they are the administrators of the
Millennium account. They were the winners in a
competition against all the banks of the country.
In 2009, the Financial Group Promerica modified
its corporate regional image with a new logo that
supports its solid service philosophy and market
strategy. The new change of image of Banco
Promerica reflects the growing dynamism and the
cutting edge way of dealing with its internal and
external clients and they remain a financial guide,
illuminating its banking arrangements with its service
excellence and perfection of their products..
“At the bank we assist great entrepreneurial groups
that for years have trusted Banco Promerica. After
10 years, clients now look for us.”
Eduardo Quevedo, Executive President
FEDERACIÓN DE CAJAS DE
CRÉDITO Y DE BANCO DE LOS
TRABAJADORES (FEDECRÉDITO)
– FEDERATION OF SAVINGS AND
WORKER’ BANK
Macario Armando Rosales Rosa
President
25 Av. Norte y 23 Calle Poniente,
Edif. Macario Armando Rosales
Rosa, San Salvador
Tel: (+503) 2209 9611
Fax: (+503) 2226 7059
Armando.rosales@fedecredito.com.sv
www.fedecredito.com.sv
Activity: Savings and Loan Bank Federation
Date of Creation: 1943
Equity: 166 US million Dollars
Employees: 1500
Although the Savings and Loan Credit banks were
born at the end of the 30’s it was not until 1943 that
the Federation of Savings and Loans and Workers’
Bank (Fedecrédito) was born when the Rural Credit
Law was approved.
In 2004 the Fedecredito System was registered
as a brand and the Savings and Loans Credit and
Workers’ Bank and its Federation were established.
Banco Promerica’s headquarters