Wednesday, 30 August 2023 03:50

Loan portfolio boost to july 2023

Written by Coralia Cuellar

According to the most recent data provided by the Superintendencia del Sistema Financiero (SSF), the loan portfolio has been increasing compared to the same period last year.

Through its account in X, the SSF indicates that as of july 2023 the loans amounted to US$18,068.30 million; while for the same period in 2022 US$16,900.69 million had been granted.

This means that the growth of US$1,167.6 million represents a 6.9% increase, which is important to boost the economy, according to economist Otto Boris.

Préstamos Bancarios Archivos | Banqueando

On another point, in an analysis made by the expert through the social network X, the fact that there is an increase in financial investments and that these are more than loans could be a sign that the economy is still at risk and that investors prefer to be cautious.

What is not mentioned in the Superintendency is what type of loans are being granted, if they are for investment or if it is mostly for consumption, as this may determine the dynamization that the country would have in the coming months.

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Translated by: A.M