Ample and diversified retail deposit base that makes the bank more resilient to COVID-19 shocks and adverse global economic conditions. Wide business diversification in terms of clients, sectors, and products, with a strong market position within the Salvadoran banking system. Manageable asset quality metrics that compare better to those of its main peers and the banking system average. Expected worsening economic conditions in the country and in the U.S.--El Salvador's key trading partner--will decrease the bank's business volumes and hit profitability metrics. Internal capital generation remains constrained by high dividend payments to its ultimate parent company. Underdeveloped local debt capital markets limit external funding. Stiff competition in the Salvadoran banking system. The stable outlook over the next 12 months on
