According to corporate governance studies on Latin American enterprises, Salvadoran family businesses display distinct operational traits:
Another pillar of the traditional agrarian elite, the Salaverría family has maintained its position by modernizing traditional agricultural sectors. Coffee production, processing, and export. 14 richest families in el salvador best
For decades, the richest families owned the banks (Banco Salvadoreño, Banco Cuscatlan, Banco de Occidente). They would lend money to their own agricultural businesses at preferential rates. Although foreign banks (Bancolombia, Davivienda) have bought many local banks, the families still sit as major shareholders or run parallel finance houses (Grupo Cuscatlan). According to corporate governance studies on Latin American