Unlike years of rises in deposits, this has been one of contractions. Thus, it is appreciated that the account obligations to the public, fueled mostly by savings, decreased 2,210 million dollars between November 2014 and November 2015.
A year ago there was a cumulative figure of 25.719 million in that account, but today, the 22 banks operating in the Ecuadorian market record 23,068,000 million dollars. The sum of demand deposits plus time deposits, shows a greater fall: 2.651 million of annual decrease.
The dynamics of the loans is also lower. The balance of the portfolio went from 17,904,000 to 17,757,000.
Arrears are another indicator that has caused discomfort and analysts agree that is a reflection of the economic environment, which has been affected by a fall in foreign exchange earnings. There are more delays of customers to pay their bills with banks. The priority consumer credit records a default of 8.25%. In November 2014 the rate was 6.53%.
Translated into English by Pierina Abad