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The Financial System in Ecuador imagen, imagen, imagen, imagen, imagen -…
The Financial System in Ecuador 
Financial System
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Banks (merged with companies, cards, insurance, brokerage houses).
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Location
Before 1999, they were in Guayaquil, today they are in Quito.
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The last years
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Due to the 1999 crisis, mutuals have decreased.
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Financial Control
In the crisis, credit was granted to private banks, the State paid with citizens' money.
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After the bad experience of (AGD), COSEDE was created to grant loans.
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With new institutions, a safety net for the client was created.
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