Banks totaled 26,010 million dollars in deposits until May

Posted On 25 Jun 2015

The Superintendency of Banks has published the consolidated balance sheets of the system, which shows that at the end of May, the public obligations account has accumulated $ 26,010 million, slightly less than 26.141 million registered in April.

The good news is that savings, however, increased if taken as reference May 2014, the account amounted to 24.971 million.

By dividing the monetary species in circulation for the money supply, as reported, this indicator, which stood at 55.9% in April, is obtained. “This means that from 100% of the money supply, 55.9% was in cash, outside the banking system.” It also indicates that, disaggregating the information in those two months (March and April) “it is observed that monetary deposits fell by 782.9 million dollars, while monetary species in circulation grew 703.3 million.