Positive banking figures reflect the recovery of the economy

Assets of Ecuadorian banks show a 14.9% increase, according to the report published by the Association of Private Banks of Ecuador (Asobanca).

This category was $ 32,387 million in June 2016 and in the same period this year, it recorded an increase of $ 4,821 million. Between May and June 2017 there was an increase of 5.9%.

Total deposits recorded by banks in June this year grew by 4.3% in relation to the previous month; And its balance closed at $ 27,412 million, that is to say, a growth of 14.7% compared to June of the previous year, equivalent to $ 3.506 million.

Annually, monetary deposits increased by 12.3%, savings deposits by 15.7% and term deposits by 16.5% (see chart).

For economist Víctor Hugo Villacrés, this is only one of the indicators that reflects that the Ecuadorian economy is recovering. (I)