www.ebizguides.com
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Finance
“Our credit institution promotes and seeks to
strengthen the entire productive sector, all micro,
small and medium businesses. Our bank is ready to
support you in any credit negotiation.”
Nora López, President
BANCO HIPOTECARIO
Carlos Alberto Ortiz
President
Pasaje Senda Florida Sur, Col. Escalón, San Salvador
Tel: (+503) 2250 7080
Fax: (+503) 2260 7069
juan.vega@hipotecario.com.sv
www.hipotecario.com.sv
Activity: Bank
Date of creation: 1940
Last January 29, 2010 the Banco Hipotecario de El
Salvador family celebrated its 75th birthday along
with the distinguished presence of the President of
the Republic, Mauricio Funes, the First Lady Wanda
Pignato and other authorities, when it was informed
publicly that Banco Hipotecario is going to become
the bank that will carry the country to development in
the same style as the Brazilian Banco Nacional de
Desarrollo (BNDES).
Since 2001 it has been working on focusing on the
Bank’s business approach by assigning a specific
mission. As a result of our strategic plan 2001-2004,
aiming our effort at the development of the PYME
Bank a philosophy based on “the relationship with
the client”, where knowledge of economic activity,
the environment, supply chain, customer needs
and strategic alliances are essential factors for its
implementation.
In order for the Bank to further develop its role of
assistance for small and medium enterprises and for
it to strengthen its solvency, on December 23, 2009,
legislative decree no. 537 went into effect, which
tells FOSAFFI, to acquire assets held by the Banco
Hipotecario, which should be given in exchange for
securities of their property of up to $USD 18 million
dollars, an operation that was performed on the
same day, amounting to $USD 17.2 million.
With this operation, the mortgage bank has been fully
financially strengthened tobeable to comprehensively
address the needs of small and medium enterprises
in the productive sectors of the country.
In order to safeguard the assets of the Bank, in the
same decree it stipulates the principles of focus and
responsibility we must set the bar in the sector in
order to maintain and ensure the long-term financial
stability of the Bank and the compliance of the
mission assigned to it.
BANCO MULTISECTORIAL DE INVERSIONES
(BMI)
Ricardo Mora
President
World Trade Center Torre 2,
Col. Escalón, El Salvador
Tel: (+503) 2267 0000
Fax: (+503) 2265 0016
Ricardo.mora@bmi.gob.sv
www.bmi.gob.sv
Activity: Bank
Date of creation: 1973
BMI is a Public Credit Institution that was created by
decree number 856 in 1994 to separate Central Bank
credit investments from private responsibilities. BMI
offers medium and long term credit services which
are granted through the local financial institutions
supervised by the Superintendence of the Financial
System (SSF).
BMI is in charge of promoting credits to financial
institutions so that they transfer these resources
to final end users, for use in their vital investment
projects, permanent expansion of their working
capital, personnel technical training, purchase of
equipment and machinery and even in the building of
facilities and infrastructure at their sites.
Banco Multisectorial de Inversion (BMI) takes
advantage of technology to implement new
communication channels that allows it be in touch
with its clients.
Development´s web page mainly has information on
financial services and products currently offered by
BMI to expand a business, update or improve work
equipment or infrastructure, acquire terrain, buy a
house or continue studying, among other things.
There are also several calculators that better help
define a person’s needs and financial options, where
you can register your business in the Business
Directory, the largest virtual directory of El Salvador.
The Corporate BMI webpage has all of the
institutional information of interest, on the Bank’s