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THE FINANCIAL SYSTEM IN ECUADOR, image, image, image, image, image, image,…
THE FINANCIAL SYSTEM IN ECUADOR
CONSTITUTION OF THE FINANCIAL SYSTEM
THE FINANCIAL SYSTEM
That can be divided:
Public Banks
What are they:
Manage state funds
Mutualists
What are they:
Financial institutions
Offer mortgage loans
For:
Construction or home purchase
Private Banks
What are they:
The strongest institutions
Cover the entire national territory.
Credit Cooperatives
What are they:
Smaller institutions
Offer small amount loans.
THE FINANCIAL SYSTEM IN ECUADOR
Is:
All the banks that keep people's money with interest
Its services are:
Deposits, mortgages, loans, pay checks, savings accounts
GEOGRAPHICAL LOCATION
Before the crisis of 1999:
In Guayaquil
Now:
In Quito
LAST YEARS
At the end of the 21st century:
The Pichincha Bank
Is:
Most powerful institution
Followed by:
Produbanco
Pacific Bank
Guayaquil Bank
CONTROL OF THE FINANCIAL SYSTEM
Banks are controlled by:
Deposit Guarantee Agency (AGD)
Financial Liquidity Fund (FLF)
Deposit Insurance Corporation(DIC)
Financial crisis
Occurred in:
The years 1999 and 2000
Due to:
Mismanagement of money
Causing:
All the banks to close
The period in which Jamil Mahuad was president of Ecuador
