Banking

Banco Hipotecario: Best Financial Inclusion Banking Strategy Central America 2023

Banco Hipotecario, a state bank of El Salvador, prioritises financial inclusion for all municipalities and individuals across the country. It tailors services to fit the needs of the population and seeks to remove obstacles to credit approval.

It has established a specialised unit to listen to clients and address their financial challenges without exclusion. Gender equality and financial empowerment are of paramount importance at Banco Hipotecario, which has launched a range of credit lines specifically for women. Women tend to oversee household spending, with an average of 89 percent of women worldwide controlling or sharing daily shopping needs. Banco Hipotecario gives women access to the financial products to buy their own home, further their professional development and improve social well-being for themselves and their families. The bank provides educational resources to help aspiring entrepreneurs launch an enterprise and help established SMEs optimise operations. It offers products for agribusinesses and microenterprises, including street merchants. Banco Hipotecario is embracing blockchain technologies. It has incorporated bitcoin into the financial system and instructs clients on how to use this emergent fintech tool. Banco Hipotecario is a people-centric, solutions-driven financial institution that treats all Salvadorans as partners in the wealth creation and socio-economic development of the country. It assesses applicant credit worthiness by the analysis of capital flow rather the formality of their circumstances.

The CFI.co judging panel congratulates Banco Hipotecario — a repeat programme winner — on claiming the 2023 award for Best Financial Inclusion Banking Strategy (Central America).

marten

Recent Posts

CORDET: Best Alternative Credit Investor United Kingdom 2025

CORDET provides flexible, long-term financing solutions to mid-market businesses across Northern and Western Europe, with…

5 hours ago

Alpha Bank: Most Innovative Family Banking Services Greece 2025

Alpha Bank has established itself as a leading force in the Greek banking sector, recognised…

2 weeks ago

Schafer Cullen Capital Management: Innovators in Long-Term Value Equity Strategies USA 2025

Schafer Cullen Capital Management has built a reputation for disciplined, long-term value investing, backed by…

2 weeks ago

JP Morgan Chase: Most Innovative Investment Banking Services USA 2025

JP Morgan Chase stands at the forefront of the global financial industry, consistently redefining the…

2 weeks ago

Dubai World Trade Centre: Champion of Global Business and Trade Ecosystems EMEA 2025

For over four decades, Dubai World Trade Centre (DWTC) has been a cornerstone of Dubai’s…

3 months ago

Krungthai Bank PCL: Best Social Impact Bank Thailand 2025

Krungthai Bank PCL plays a pivotal role in driving sustainable economic and social development in…

3 months ago