Please enable JavaScript.
Coggle requires JavaScript to display documents.
Ecuador's Financial System, image, image, image, image - Coggle Diagram
Ecuador's Financial System
Banks take over the money from the public in exchange for an interest.
Bnaks give money to the public in exchange for another interest.
Foreing currency exchange.
Equity investments of companies.
Payments for collections.
Money transfers.
Virtual Transfers.
Constitution of the Financial System
Private Banks
The strongest institutions and cover the entire national territory.
Public Banks
They manage state funds.
Cooperatives
They are smaller institutions that offer small amount loans.
Mutualist
Financial institutions that offer mortgage loans for construction or home purchase.
Geograpich Location
Before the crisis of 1999, the financial centers were located in Guayaquil.
Today, they are mostly in Quito.
Cooperatives have grown a lot.
Control of the Financial System
1999 crisis, the guarantee system was very incipient.
Deposit Guarantee Agency (AGD)
The Financial Liquidity Fund
Deposit Insurance Corporation.
