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Ecuador's Financial System, image, image, image, image - Coggle Diagram
Ecuador's Financial System
Ecuador's Financial System
Traditionally, banks have taken over the money from the public in exchange for an interest.
The weight of the financial sector has been denominated as the era of financial capital domination.
CONSTITUTION OF THE FINANCIAL SYSTEM
This system is constituted by several types of institutions, both public and private. These are the main types of financial systems:
Private Banks
Mutualists
Public Banks
Savings and Credit
Cooperatives
GEOGRAPHICAL LOCATION
Before the crisis of 1999, the financial centers were located in Guayaquil, today they have moved mostly to Quito.
LAST YEARS
At the end of the first decade of the 21st century, the Pichincha Bank is the most powerful institution in the country with the largest asset deposits and assets.
CONTROL OF THE FINANCIAL SYSTEM
Between the year 1999 and 2000, the guarantee system for public deposits in financial institutions was very incipient.
After the bad experience of the Deposit Guarantee Agency (AGD), the Financial Liquidity Fund has been created, whose objective is to provide extraordinary loans when financial institutions need it.
