Ecuador’s private bank loan portfolio reached $38.331 billion in November 2022, up 16% from the same month in 2021.
Microcredit is the one with the highest annual growth, with 20.4% compared to November 2021. This loan portfolio reaches 3.066 billion US dollars.
This was reported by Asobanca in a recent report in which it was also noted that bank deposits reached 42.118 billion dollars in November, representing an annual increase of 6.2%.
MORE LOANS FOR ENTREPRENEURS
“The contribution of private banks to the national economy is evidenced by an increase in . . .
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