The head of the cooperative regulator indicated that the growth of loans within the sector had been at a moderate pace in recent months, but last November there was a sharp rise. He added that the favorable trend could continue during December 2021 and the first months of next year.
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“If the (economic) recovery continues at this rate, there will be good credit placements during the first six months (in 2022) because today the cooperatives have liquidity, there are good offers in rates and excess liquidity is a pressure for cooperatives to place, “he said.
Likewise, Loblein stressed that the cooperative system in general is closing a year in a positive way, which translates into good results in terms of surpluses, although he commented that the drought affected the production cooperatives in the last months of 2021.
weight. The Incoop held its official act of accountability the day before, in which it was reported that currently the country’s cooperatives represent around 18% of the national financial system. If only the credits are considered, they are equivalent to 17%, while if the deposits are looked at, the solidarity entities take 13% of the pie.
At the end of 2021, there were 748 existing cooperatives in the country, a lower number than the 829 that existed at the end of 2020. This is part of a process of purging entities that do not meet the minimum conditions to operate, Loblein explained.
On the other hand, the head of the Incoop highlighted the effectiveness of the resolutions issued in times of pandemic and assured that for the coming year an important investment in technology is planned, in order to provide the cooperative regulatory entity with more tools to better performance, among other aspects.
Guarantee
Another aspect that was touched on yesterday is the need to have a guarantee fund for the cooperative sector. In this regard, Loblein indicated that the idea is to close the details of the corresponding draft law and present the proposal to the National Congress by March 2022.
