The companies started their engines. As it had not happened before, the productive credit rose in private banking, accumulating 60% more last September, and the highest growth among the five most important sectors of the system.
Although the amount is well below the two most relevant segments (commercial and consumer priority), it is the fastest growing: 882 million more than last year, excluding the issues on the stock market and the placements of the Corporación Financiera Nacional ( CFN). Of that amount, 26.4% is from Banco Guayaquil.
“All the effort that we made to facilitate the lives of our customers has positioned us this year as one of the banks with the best performance in the country. We are proud to know that our results show that we are one step ahead so that you can fulfill your dreams, “says Ángelo Caputi, executive president of Guayaquil.
Private banking accumulated up to September 2,271 million in loans for production, relegating third place to real estate, which grew just 5.56%. Priority commercial and consumer loans increased by 6.5 and 17.68%, according to data from the Superintendency of Banks.
The products of greatest demand in the National Financial Corporation are the direct credit for fixed assets and for working capital; “We also help to restructure liabilities that they have with private banks, and we have a very active role in bonds in the Stock Exchange,” says the Chairman of the Board of the entity, Juan Carlos Jácome.
At the end of the year the CFN aspires to have placed 1,500 to 1,600 million dollars. “The business climate has improved and people start or expand,” Jácome told Diario EXPRESO.
In the stock market (fixed income) companies have been very active. In the last 30 days, emissions of Farmaenlace and Dipac were approved; while companies such as Nestlé, Autolasa or Boyacá brought to the market balances of their previous commercial papers, according to data from the Quito Stock Exchange.
The biggest appetite is for fixed income papers, although the plans are not as short as before, which has also forced banks to reduce interest rates. To the point that, says Jácome, the rates of private banking are also very attractive and compete with the other actors in the system.
Yes you can replace liabilities of private banks, but for that you have to stretch the periods, “reconcile with customers.” The rates of the CFN range from 7.5 to approximately 9.8%, depending on the sector to which the company that applies for the loan belongs.
Relevant. Priority consumer credit is the most important among national banks, with a total of 10,195 million until last month.
$ 2,271 million accumulates private banking in productive credits (to last September). (I)