The banks fight every penny

Ecuadornews:

Just when the 2019 began, on January 4, the CEO of the Bank of Guayaquil, Angelo Caputi, tweeted important news for its customers: “From today the @BancoGuayaquil App works without the need of megas in the operators Claro and Movistar, so that all our clients can do their paperwork without needing to use or have megas on their cell phone. Remember, if there are no megas, there is no problem. “

And a little before the end of 2018 Produbanco presented the first Green Account of the Ecuadorian banking system, “created to raise resources exclusively for credits from its Green Lines program, specialized in financing projects related to renewable energy and energy efficiency that help mitigate climate change.

It is these two entities of the private financial system that performed best until last November, according to the latest statistics available to the Superintendency of Banks, the group of the six most relevant, in the areas of credits and obligations to the public, the latter composed mainly by deposits.

The figures only reflect eleven months of a slow growth of deposits at a general level, of the 24 private banks in Ecuador, and whose figures are not high by 2019, unless Lenin Moreno’s Government obtains financing to balance its finances, which there is greater foreign investment or that there is a substantial increase in non-oil exports.

The banks Pacífico (in tables), Bolivariano and Internacional decreased the speed in terms of deposits, but the Pichincha, the most important in the country, reduced it (31 million less).

We must highlight the behavior of Diners (Diners Club and Visa Titanium cards mainly) the specialized consumer bank, which is already very close to the Bolivarian in credit portfolio.

Caputi had revealed to Diario EXPRESO months ago his intention: to give more credits and focus more on the digital part. He even dared to say that his front was on the side of export companies, where cocoa and shrimp have performed well.

In the third quarter, reports from the Central Bank indicate that financial intermediation reflected a growth of 2.8%, contributing positively in 0.09% to the inter-annual evolution of the Gross Domestic Product (GDP). This result was influenced by the year-on-year increase of 12.3% in the number of credit operations granted by the financial system to the private sector, which went from 2.04 million to 2.29 million. (I)

Source: https://www.expreso.ec/economia/cada-centavo-pelean-bancos-economia-JH2559821