Financial study of Ecuador's public banks using Camel and Dupont analysis
No Thumbnail Available
Date
2023-05-01
Journal Title
Journal ISSN
Volume Title
Publisher
Compas
Abstract
The financial system in Ecuador is composed of private and
public institutions in which banks, cooperatives, financial
companies, mutual societies, mainly being the banks who
the largest financial transactions with 90% in the country,
promoting and boosting the country's economy with the
generation of credits to those for development in different
sectors. (Romero, 2015).
Since the covid-19 pandemic, in Ecuador many industries
and small businesses had financial difficulties, so public
and private banks granted loans for USD 31,334 million
since March 2020 where 72% went to the productive sector
and 28% to consumption, counting on digital channels that
grew 32% compared to 2019. (Asociación de Bancos del
Ecuador, 2021)..