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ECUADOR'S FINANCIAL SYSTEM
1-ECUADOR'S FINANCIAL SYSTEM
Banks Expansion
3 Payment for Collections
4 Money transfers
2 Equality investments of Companies
5 Virtual Transfers
1 Foreign currency exchange
Weigh of Financial Sector-The era of financial capital domination
4-LAST YEARS
2 Banco Guayaquil
2 Produbanco
2 Banco del Pacifico
3 Cooperatives
1 Banco Pichincha
4 Mutualists
3- GEOGRAPHICAL LOCATION
Before 1999's crisis- Financial centers were located in Guayaquil
Now they financial systems are in Quito Cooperatives have grown a lot
2 -CONSTITUTION OF THE FINANCIAL SYSTEM
Public Banks
Biess
Mutualists
Mutualista Pichincha
Private Banks
Banco Pichincha
Credit Cooperatives
Cooperativa Jep
5- CONTROL OF THE FINANCIAL SYSTEM
1999 crisis- Financial institutions was very incipient
Bad experience of the Deposit Guarantee Agency(AGD)
The financial Liquidity
Deposit Insurance Corporation
