The finances of Ecuadorian Banks are healthy

An analysis was done, regarding the finances of 22 Ecuadorian Banks, and the results stated they were healthy. Although this fact doesn’t mean that those banks enjoy high profits.

The report indicated that one of the most relevant or revealing indicators of the financial situation of banks is that liquidity is the factor that indicates financial health: available funds versus short-term deposits mark the difference.

Until Saturday, as revealed to Daily EXPRESO, all financial institutions must renew their licenses to operate. The extension of time to replace those authorization certificates (up to 18 months) is at the discretion of the Superintendent of Banks.

Original source in Spanish: http://expreso.ec/economia/bancos-medianos-y-grandes-monopolizan-las-utilidades-BY144333