The greater solvency shown by the municipal fundswhich reached a global average capital ratio of 16.41 as of August of this year, allows entities a greater capacity to grant loans, according to the president of the board of directors of Caja Trujillo, Dante Chávez.
Likewise, this solvency capacity places savings banks in a favorable position that allows them to reduce credit risk and improve the image of the institutions.
Chávez specified that, according to the latest report on financial indicators of municipal banks in Peru, published by the Superintendence of Banking, Insurance and AFP (SBS), his institution led the level of solvency, reaching a capital ratio of 16.76. .
According to the latest SBS report, municipal savings banks recorded profits of S/98.8 million, a level of loans of S/34.8 billion and an average profitability of 7%.
Chávez highlighted that municipal banks manage to be solvent thanks to good diversification of their portfolio, improvement in operational efficiency, strengthening of corporate governance, among other indicators.
So far this year, Caja Trujillo has achieved an increase in deposits of S/2,250 million, which represents a growth of 16.6% and more than S/2,697 million in loans, which is equivalent to 21.5% more than last year.
Source: Larepublica
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