The balance of the gross portfolio granted by the Cooperatives of saving and credit reached a value of $ 10,964 million, until February of this year. Of the total financing, $ 5,253 million were allocated to production credit.
Deposits grow in cooperatives
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This is detailed in a report from the Association of Private Banks of Ecuador, which updates and assesses the main financial indicators in this sector. At the start of the year, with expectations of productive reactivation, this financial segment continues to bet on channeling resources to production. The credit destined to productive sectors, housing and microenterprises is located in 48% of the total, two points more if it is compared with the same month of two years ago.
Although credit for consumption continues to be higher (with 5,710 million), it represented 52% of the total supply, two points less than in February 2019.
According to this report, the Cooperatives continue capturing deposits at a higher rate. Until February, these totaled $ 12,447 million, an increase of 17.4% that is well above the growth of 7.5% that the total loan portfolio had ($ 10,964 million).
Of the savings, term deposits They are the ones that grew the most, 20.4% after reaching $ 8,921 million.
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