...Strong Local Franchise: Banco Agricola, S.A.s (Agricola) issuer default ratings (IDRs) and viability rating (VR) reflect the banks strong franchise, sound and stable profitability, robust loss-absorption capacity, good asset quality and ample depositary base. The ratings also consider the banks proven resilience to downturns in economic cycles, loans concentrations and El Salvadors challenging economic conditions, which may still have some impact on the banks growth prospects and asset quality. Robust Capitalization: Agricola continues exhibiting a robust capital position reflected in a Fitch core capital of approximately 20% of risk-weighted assets over the past four fiscal years, which is well above the banking systems average and that of its main international peers. In Fitchs view, Agricolas overall loss-absorption capacity will remain sound and above that of its peers over the medium term. Sound Profitability: Agricolas sound overall financial performance in different phases of the...
