Ecuadorean Bank Lending Rose to $13.7 Billion in May, SBS Says

Ecuador’s private banks increased their total outstanding loans by 1.1 percent to $13.7 billion in May from a month earlier while deposits increased 0.2 percent to $20.6 billion, the country’s banking regulator said today.

Private banks had $11.5 billion in loans in May of last year and deposits of $17.4 billion, according to data from the Superintendent of Banks, the 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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