Banco Agricola maintains its leadership the Salvadorian banking system in terms of loans and deposits, coupled with diversified business activities. Large and increasing deposit base mostly composed by retail depositors. The bank has healthier asset quality metrics and efficiency levels compared with the industry in El Salvador. Banco Agricola's profitability metrics still pressured by tougher competition in the country. Moderate risk adjusted capital levels. Low economic growth prospects. Banking system's operating environment and their growth still dependent to a better political condition. The stable outlook on Banco Agricola reflects our view of improving operating conditions for the bank, considering that we expect El Salvador may not face a near-term payment crisis. In our view, the government's ongoing negotiations are likely
