Within the productive sector, where 61% of loans were directed, microcredit increased 27% compared to November 2020.
The private banking loan portfolio reached a record figure of $ 33,083 million, a growth of 13,4 % compared to November 2020 (the highest of the year), reported the Association of Private Banks of Ecuador (Asobanca).
According to private banks, there was a growth in microcredit between January and October 2021
Within the loan portfolio destined for the productive sector, which represents 61% of total loans, the microcredit segment reached $ 2,574 million, 27% more than in November 2020.
Meanwhile, the commercial loan portfolio stood at $ 15,289 million, which represents an increase of 18% compared to November 2020.
Consumer credit, which represents 39% of the total portfolio, reached $ 12,598 million in November, that is, a variation of 10.1% when compared to the same month of 2020.
Regarding deposits in private banks, the indicator totaled $ 39,654 million, which represents an increase of $ 4,001 million (11.2% more) and of $ 285 million more if compared to those of October 2021 (0 , 7% more).
The steady growth of deposits in the private banking system reflects that clients trust their banks to be managed prudently, technically and responsibly, Asobanca said in a statement.
Private banks delivered an additional $ 3,647 million in loans until last October
In line with this technical management, in November private banking had a coverage of 295%, that is, banks have provisions that are 2.9 times higher to cover that portfolio of loans in arrears.
Meanwhile, the liquidity indicator of the banks stood at 27.14%.
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