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THE FINANCIAL SYSTEM IN ECUADOR - Coggle Diagram
THE FINANCIAL SYSTEM IN ECUADOR
THE FINANCIAL SYSTEM IN ECUADOR
Commonly, banks took over money from the public in exchange for a interest. Due to the development of commercials operations and technology, banking sector has expanded to more difficult.
The weight of the financial sector has been named as the era of finance domination of capital.
GEOGRAPHICAL LOCATION
Before the 1999 crisis, the financial centers were located in Guayaquil, today
they have primarily moved to Quito
CONSTITUTION OF THE FINANCIAL SYSTEM
This system is made up of various types of institutions, both public and private.
Public Banks
They administer state funds. They include the Central Bank, State Bank, Development Bank,
Banco de Casa del Ecuador, Banco del Pacífico.
Mutualists
Financial institutions that offer loans to build or buy houses.
Private Banks
They are strong institutions and cover
the great part of the national territory.
Savings and Credit
Cooperatives
Son instituciones pequeñas que ofrecen prestamos muy pequeños.
LAST YEARS
Finally from the first decade of XXI century, Banco Pichincha is the most powerful organization in the world territory with the largest asset deposits and assets.
Regarding cooperatives, the geographical distribution it is more homogeneous in the provinces, both coastal and mountainous.
CONTROL OF THE FINANCIAL SYSTEM
Between 1999 and 2000, the guarantee system for public deposits in financial institutions has been quite incipient. For this reason, once the financial crisis.
After the bad experience of the Deposit Guarantee Agency (AGD), the Financial The Liquidity Fund has been developed.
