• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Land iguanas reappear in Galapagos and this is the reason
UN: Ecuador is the third country in the world that seizes the most drugs
Ecuador detects new case of monkeypox and adds seven
‘Narco generals’: Comptroller finds evidence of three police officers
Florida court rejects appeal filed by Ecuador in Isaías case
18.5% of young Ecuadorians neither study nor work
Ecuador is a high-risk country for investment, says the United States
Ecuadorians abroad will be able to vote electronically in 2023
Three oarfish appeared in Ecuador during the last week
Only one of the five cases of monkeypox confirmed in Ecuador is hospitalized

Deposits and loans dropped in 2015

Posted On 31 Dec 2015

 

Image: El Universo

Image: El Universo

Banking is one of the sectors that have felt the effects of the downturn in the economy. This has been noticed in the evolution of deposits and credit delivery, according to Julio Jose Prado, president of the Association of Private Banks.

Banking is one of the sectors that has felt the effects of the downturn in the economy. This has been noticed in the evolution of deposits and credit delivery, according to Julio Jose Prado, president of the Association of Private Banks.

Prado explains that “the loss of momentum of the economy both public and private” makes deposits fall.

He adds that “the government invests less and is behind in payments to suppliers, this also shrinks the liquidity that enters the financial system.”

 

However, he says that the main reason for the decline in deposits is the withdrawal “of money from companies of all sizes that due to the fall in sales are using their savings to have working capital.”
Source: http://www.eluniverso.com/noticias/2015/12/31/nota/5321332/depositos-creditos-cayeron-2015

About the Author
  • google-share
Previous Story

$ 900,000 were assigned to publicize induction cookers

Next Story

Employers receive this year with caution and expectation

SEARCH

LATEST NEWS

Land iguanas reappear in Galapagos and this is the reason

Posted On 08 Aug 2022

UN: Ecuador is the third country in the world that seizes the most drugs

Posted On 08 Aug 2022

Ecuador detects new case of monkeypox and adds seven

Posted On 06 Aug 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net