• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ecuador will sell animal feed to Colombia because of landslide
Alexis Mera gets pre-release after three and a half years in prison
Jorge Glas Unification of Sentences Granted
Ecuador declares illegal mining a threat to state security
International Reserves registered their highest level since the start of dollarization
Government denounces 28 candidates for links to drug trafficking
Constitutional Court dismissed the 7 members of the Council for Citizen Participation and Social Control
Ecuador imported the historic figure of USD 7,646 million in fuels
An Andean bear is released into its habitat after two years in captivity
Ecuador gets ready to vaccinate birds and counter avian influenza

The credit fell by $ 5.079 million

Posted On 25 Jan 2016

 

According to the Central Bank of Ecuador (BCE for its Spanish acronym), the volume of credits granted last year by the institutions of the private financial system reached 19.426 million dollars: 5.079 million less than in 2014.

The number of transactions also fell. The figure fell by almost one million less (0.98 million) compared to the last period, according to the BCE. Only this past December, on average, customers accessed to credits by $ 2,814 (per capita).

Banks, due to their weight in the entire financial industry, are the ones that mostly took part in the financing granted. “63.47% of transactions were from private banks, while 25.26% of the total operations of the private financial system came from finance companies,” the BCE points out. The total maturing loan portfolio of the financial system (private banks, mutual societies, financial corporations) in November 2015 was $ 19,576.4 million, ie nearly one fifth (19.7%), which shows the affectation of the GDP when credit declines, as happened last year.

 

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8838973&idcat=38229&tipo=2

About the Author
  • google-share
Previous Story

The international price of crude oil has historically been low

Next Story

Accused leaders of terrorism in Bolivar are plead innocent

SEARCH

LATEST NEWS

Ecuador will sell animal feed to Colombia because of landslide

Posted On 27 Jan 2023

Alexis Mera gets pre-release after three and a half years in prison

Posted On 27 Jan 2023

Jorge Glas Unification of Sentences Granted

Posted On 27 Jan 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net