CFN loan placement increased 61% in first half

Ecuadornews:

The National Financial Corporation (CFN Acronym in Spanish) had a significant growth in the first half of 2018 in terms of credit approvals in more than 61% with respect to the first period of 2017.

The amount reaches $ 365.62 million with 482 operations; while in the same period of 2017 there were 294 operations with an amount of $ 226.61 million.

Juan Carlos Jácome, Chairman of the Board of the CFN B.P, said that the activities of greatest demand are the manufacturing, agriculture, construction and fishing sectors, in the provinces of Guayas, Pichincha, Manabí and Azuay.

“The goal of the entity is to respond to customers in 15 business days after the procedure enters compliance, to be resolved in favor or denied.” The available loans range from $ 50,000 to $ 25,000,000 per natural or legal person. (I)

Source: https://www.eltelegrafo.com.ec/noticias/economia/4/cfn-creditos-produccion-ecuador