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Microcredit is the one that grew the most in a year in Ecuador

Ecuador's private banking credit portfolio reached US$38.331 billion as of November 2022, 16% more than the same month of 2021.

Microcredit is the one with the highest annual growth, with 20.4% compared to November of 2021. That credit portfolio reaches US$3.066 billion.

This was reported by Asobanca in a recent report in which it also noted that bank deposits reached US$42.118 billion as of November, which represents an annual growth of 6.2%.


“The contribution of private banks to the national economy is evidenced by an increase in . . .

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