• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
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
Authorities will vaccinate 10 million Ecuadorians with a third dose in 2022
Turkey, the new drug route that leaves from the ports of Ecuador

The economic slowdown was felt in private banking in 2015

Posted On 21 Mar 2016

 

 

Tasa-de-Interés.-Ilustración3The private banking system closed 2015 with a decrease in deposits, which led to favor liquidity and lend less money than in the previous two years. This in turn had a direct effect on bank profits.

Savings deposits (demand) fell by 13.8% between 2014 and 2015, passing from USD 19,733 million to USD 17,011 million. The decline in deposits caused a fall in the placement of loans by 4.47%, in relation to 2014. The loan portfolio totaled, in 2014, USD 19 651 million and by 2015 it dropped to 18,773 million.

For former Economy Minister Mauricio Pozo, the financial sector is a barometer of economic activity and reflects much of the liquidity of an economy. “If deposits decreased financial institutions will not be able to lend the same rate of past years …”.

Source: http://www.elcomercio.com/datos/economia-bancos-ecuador-depositos-creditos.html

 

 

About the Author
  • google-share
Previous Story

Another uncertain economic review

Next Story

Tax reform will be sent to the Assembly as an ‘urgent’ matter

SEARCH

LATEST NEWS

Ecuador detects new case of monkeypox and adds seven

Posted On 06 Aug 2022

'Narco generals': Comptroller finds evidence of three police officers

Posted On 06 Aug 2022

Florida court rejects appeal filed by Ecuador in Isaías case

Posted On 04 Aug 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net