Ecuadors risk index

Ecuador improved its ability to pay debts and attract foreign investment

With a decrease of 13 points compared to last July, Ecuador reached the position 661 on the Country Risk Rating in august of 2013, according to the monthly report issued by the Association of Private Banks of Ecuador (ABPE). This is the best position the country has reached so...

Mortgage credits decrease in the private sector

The new requirements for the mortgage credits, in order to avoid non-payment, decreased the volume of approved mortgages by 15% in the private sector. The Ecuadorian Central Bank (Spanish acronym BCE) indicated that $656,9 million of mortgage credit were approved in 2011 against...