Bank of the Year, Ecuador: Banco de Guayaquil
In a difficult year for Ecuadorean banks, one lender stands out for making the best of a tricky situation
It's been a tough year for Ecuador's banks. Across the
banking system, profitability has plummeted. For the year ended
June 30, 2013, return on equity had dropped a full six points
from its average of 15.3% a year earlier. Return on assets took
a blow of a similar magnitude: falling from 1.5% to 0.9% in the
year to June 2013. Across the board, capital has fallen,
non-performing loans have risen, and liquidity has
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.