Banking

Central Reserve Bank of El Salvador: Best Central Reserve Bank Central America 2023

Founded in 1934, the Central Reserve Bank (BCR) of El Salvador is responsible for maintaining a stable currency and contributing to the stability of the national economy. BCR El Salvador is a public, autonomous and technical institution that has achieved significant success creating direct connections with the people of El Salvador. It introduced transfer systems that have enabled round-the-clock access and facilitated millions in financial savings. It has also developed a new payments system that has unlocked remarkable cost reductions for clients. BCR El Salvador has invested considerable resources to continuously improve its operations. That includes millions in investment to upgrade the bank’s tech infrastructure and digital capacities. The bank runs an import and export procedures centre as the state’s single window for foreign trade. It has partnered with third-party operators to cut the processing time of import-export transactions from a month to a day. The bank conducts international reserve management as well as regulation and monitoring of the financial system. It takes pride in having recently acquired certification by the Spanish authority for quality audit processes. BCR El Salvador offers a range of economic and financial research products, including statistics. It funds technical and university scholarships, pays for economics students to study abroad and organises research competitions for undergraduate students. It also supports financial inclusion and education programmes. The CFI.co judging panel presents the Central Reserve Bank of El Salvador with the 2023 Best Central Reserve Bank (Central America) award.

marten

Recent Posts

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…

5 days 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…

2 weeks ago

Région Île-de-France: Best Green Bond Thought Leadership Team Global 2025 & Best in Class Bond Issuer Global 2025

Région Île-de-France demonstrates a steadfast commitment to sustainable finance, playing a pioneering and influential role…

1 month ago

Spectrum Asset Management: Excellence in Preferred Securities Portfolio Management Global 2025

Spectrum Asset Management is a leading institutional manager specialising in preferred and capital securities, with…

1 month ago

Moody’s Ratings: Best Credit Risk Analysis LATAM 2025

Moody’s Ratings is a globally recognised leader in credit ratings, research and risk analysis, with…

1 month ago

La Trobe Financial: Best Investment Management Team Australia 2025

La Trobe Financial has cemented its reputation as Australia’s premier alternative asset manager, demonstrating a…

2 months ago