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Ecuador Bank Lending Rose to $12.4 Billion in October, SBS Says

Ecuador’s private banks increased lending in October to $12.4 billion, while deposits rose to $18.4 billion, the South American nation’s banking regulator said today in an e-mailed report.

Private banks had $10.2 billion in total outstanding loans as of October last year and deposits of $15.4 billion, according to data from the Superintendent of Banks, the country’s bank regulator known as the SBS.

To contact the reporter on this story: Nathan Gill in Quito at ngill4@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at Papadopoulos@bloomberg.net

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