According to the Association of Private Banks of Ecuador (Asobanca), the greatest dynamism was in the microcredit segment, which grew at an annual rate of 30%.
The dynamism of the private banking it was reflected in their figures at the end of 2021.
According to data from the Association of Private Banks of Ecuador (Asobanca), as of December 2021, the loan portfolio granted by private banks was $ 33,660 million. The amount is equivalent to an increase of $ 4,122 million compared to December 2020.
The figure reached in 2021, in addition, is higher if compared to 2019, a year before the pandemic. The loan portfolio in 2021 registers a growth of 12% compared to 2019. “This shows that, despite the pandemic and the economic crisis that it generated, credit has been essential to push the reactivation of the country,” says the union.
Microcredit was the credit segment that grew the most, with an annual increase of 30%; productive credit, meanwhile, registered an annual growth of 18%.
On the other hand, consumer credit registered an annual increase of 10.6% in 2021. Asobanca explains that this growth is also an indicator that demand and consumption are recovering.
According to the guild records, six out of every ten dollars in the portfolio at the end of 2021 correspond to a credit granted to the productive apparatus (credit for the productive segment, microcredit and housing). The good performance, says Asobanca, demonstrates the commitment of the banks that provided credit to those ventures, small and medium businesses and large companies that sought to recover their production levels after the crisis, cover new markets, expand their operating capacity, generate more employment, among others.
Private banks delivered an additional $ 3,647 million in loans until last October
Other indicators
According to Asobanca, deposits registered an increase in 2021. As of December, deposits totaled $ 41,206 million; that is, $ 3,677 million more than in the same month of 2020.
Meanwhile, at the end of 2021, the liquidity indicator increased by 1.5 percentage points compared to November 2021 and stood at 28.6%.
The coverage also closed the year 2021 at 324.4%; this is an annual increase of 31.2 percentage points. This means that banks have provisions that are 3.2 times greater than the loan portfolio in default. (I)
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