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Newsweek International
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September 10, 2021
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Produbanco
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2 MIN READ TIME
Produbanco
Ecuador’s GDP growth is forecast to rise around 11 percentage points y-o-y in 2021 after a sharp contraction last year, supported by steady credit growth to the private sector. The country’s banking sector had already clocked a strong performance over the previous two decades, with non-performing loans plunging from 8.4% of total gross loans in 2002, to just 2.7% in 2019, and decrease modestly in 2020 to 2.6% despite facing severe economic shocks. Domestic credit to the private sector rose considerably over the same period, from just 18.1% of GDP to an all-time high of 46.2% in 2020. With digital banking on the rise in the wake of Covid-19, innovative fi nancial institutions like Produbanco are set to capitalize on new growth opportunities in the post-pandemic era.
Content from The International Investor
Ricardo Cuesta Delgado
CEO - Produbanco
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This article is from...
Newsweek International
September 10, 2021
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In This Issue
The Archives
2001 “Once a hated, hunted Utah sect, the
In Focus
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THE NEWS IN PICTURES SCOTT OLSON/GETTY A woman
Ecuador
Bouncing back with trade and investment
Chaide y Chaide - Quality and care support international expansion
Content from The International Investor Operation DP World
IASA - Integrity and teamwork to support Ecuador’s economic development
As its vaccination campaign progresses steadily, Ecuador’s economic recovery is beginning to take off. This is particularly evident in key industrial sectors. Mining exports are forecast to surge by 74% this year to hit $1.6 billion, while the construction sector is expected to expand by nearly 4% in 2022 as the government channels new investment into infrastructure and housing. Contractors will be scrambling to meet rising demand, meaning the country’s leading equipment supplier, IASA, will play an important role in future economic growth
Consorcio Nobis - Leading the Way
N obis is a solid and innovative investment
Uribe Schwarzkopf - Delivering Ecuador’s finest properties
A fter a punishing period of pandemic restrictions,
Avitalsa - Growing through integration and consumer focus
E cuador’s “economic recovery is underway”, the International
Corporación Palmar
Sustainable banana producer gears up for new growth
Corporación Marzam - Ecuador’s leading fuel shipper rides a wave of fresh demand
A fter a challenging 2020, Ecuador’s maritime shipping
MediSystem - Healthcare visionaries transform the sector
E cuador’s burgeoning healthcare industry is set to
Leading the pack in LATAM consumer goods
Retail growth in Latin America has been robust
TropicalFruit Export - Ecuador’s Global Fruit Champion
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