Banking system funds abroad increase

Private financial system funds available abroad increased in December last year by 38.8 percent compared to November 2015, according to the bulletin of the Association of Private Banks of Ecuador (ABPE), prepared with data from the Superintendency of Banking and Insurance.

This monthly increase was accompanied by a rise in annual terms of 13.93%. That equates to 212 million more in funds available abroad by private banks. With this increase, the financial system turns around an indicator that was recording for 19 months a negative annual rate. December was the first month with a positive annual rate.

In addition, banking funds available abroad also increased their representation with relation to the total assets plus contingents. They went from 3.39% to 4.72% between November and December 2015, according to information from the ABPE. Compared to the previous year, this represents an increase, since in December 2014, that percentage was 3.88 of total assets account.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8823011&idcat=38229&tipo=2