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Ecuador's Financial System - Coggle Diagram
Ecuador's Financial System
followed by the Guayaquil Bank,
Produbanco and Pacific Bank.
there is some more concentration in the Pichincha.
As a result of the crisis of 1999, the mutualistic and the financial societies, which
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:
sector has expanded to more complex
operations such as foreign currency exchange, equity investments of companies,
payments for collections, money transfers and virtual transfers.
The weight of the financial sector has been denominated as the era of financial
Large banks have merge with financial companies, credit
. GEOGRAPHICAL LOCATION
Before the crisis of 1999, the financial centers were located in Guayaquil, today
they have moved mostly to Quito. The public banks remained unchanged. The
ones that grew were the cooperatives.
CONTROL OF THE FINANCIAL SYSTEM
financial institutions was very incipient.
occurred in Ecuador and the credit was given to private banks, through public
institutions, the State had to pay a good part of the money that the citizens had
deposited in the banks, whose directors did not take responsibility for it.