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FINANCIAL SECTOR, image, image, image, image - Coggle Diagram
FINANCIAL SECTOR
LAST YEARS
1- Banco Pichincha (most powerful)
2- Banco Guayaquil
2- Produbanco
2- Banco del pacifico
3- Cooperatives
4- Mutualists
CONTROL OF THE FINANCIAL SYSTEM
1999 crisis the financial institutions were very incipient
Bad experience of the Deposit Guarantee Agency AGD
The Financial Liquidity Found
-Deposit Insucase Corporation, state's control system over the financial system has been strengthened.
FINANCIAL SYSTEM IN ECUADOR
Backs have taken over the money from the public in exchange for an interest.
Banks expansion:
1- Foreign currency exchange
2- Equality investments of companies.
3- Payment for collections
4- Money transfers
5- Virtual transfers
Weight of financial sector (The era of financial capital domination)
GEOGRAPHICAL LOCATION
Before the crisis of 1999 the financial centers were located in Guayaquil
Now they are in Quito, Cooperatives have grow a lot.
CONSTITUTION OF THE FINANCIAL SYSTEM
TYPES OF INSTITUTIONS
Private banks (strongest institutions and cover the entire national territory)
Public banks (Manage state founds)
Mutualists (after manage loans)
Credit cooperatives (smaller institutions that after small amount loans)
