• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
‘Jorge Chérrez’s companies owe $ 20 million in interest to Isspol’
Ecuador entered the bid for vaccines against covid-19 since July 2020
With decree 1244, the Government creates Postal Services of Ecuador to replace Correos del Ecuador
The riots in the country’s prisons leave 79 dead
The cost of freight to imports brought from Asia has tripled
Ecuador, the first country in America that together with Europe will fight against the counterfeiting of medical products
Government will allow the importation of vaccines for municipalities and private institutions
62 dead after clashes in prisons in Guayaquil, Cuenca and Latacunga
Ecuadorian pianist was designated ‘Steinway Artist’ in Germany
This is how you say ‘Ecuador, a diverse country’ in nine mother tongues

According to the banks, their income fell 40%

Posted On 25 May 2013

Banks generated less profit and make adjustments due to the decrease of their revenues in 40.98% in the first four months of the year, according to figures from the Association of Private Banks, in its report Evolution of Ecuadorian Private Banking.

Revenues were $ 952 million, while expenses were $ 876 million, a reduction in revenue of 1.17% and a 4.95% increase in spending, compared to the same period of 2012.

As a result, the net income (minus the participation of workers and payment of taxes) was $76 million, it means $52 million less than in April of 2012, a decrease of 40.98%.

Cesar Robalino, president of the Association of Banks, said the banking growth is lower than in previous years by the diferent laws that have been applied to the sector.

He added that with the changes that have occurred in the sector, banks have had to be restructured and would be reflected in the closing of agencies and branches.

About the Author
  • google-share
Previous Story

Usury, money laundering and drug trafficking would be behind the murder of Fausto Valdiviezo

Next Story

Rafael Correa completed possession in Guayaquil

SEARCH

LATEST NEWS

'Jorge Chérrez's companies owe $ 20 million in interest to Isspol'

Posted On 24 Feb 2021

Ecuador entered the bid for vaccines against covid-19 since July 2020

Posted On 24 Feb 2021

With decree 1244, the Government creates Postal Services of Ecuador to replace Correos del Ecuador

Posted On 24 Feb 2021
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net