The Central Bank of Ecuador published updated national financial system data showing that new credit operations reached USD 5.08 billion in June 2026, up 19.9% from a year earlier. The increase was driven mainly by private banks, whose lending rose 20.1% year on year. On the funding side, time deposits stood at USD 8.45 billion in June, little changed from a year earlier, with a 0.2% decline. For the first half of 2026, systemwide credit grew 9.8% year on year, with private banks accounting for 77.9% of financing and posting 8.4% growth. Productive lending represented 52.1% of credit granted in January to June and consumer lending 30.3%, together making up 82.4% of total new lending. By economic destination, wholesale and retail trade, including vehicle repair, absorbed 39.3% of credit placed, equal to USD 7.19 billion, although that segment fell 4.7% year on year. Lending to agriculture, livestock, forestry and fishing rose 23.4%, while manufacturing increased 9.1%. Accumulated time deposit collection fell 1.2% in January to June versus the same period a year earlier, reflecting declines of 16.7% at public banks and 1.4% at private banks, partly offset by 1.3% growth at popular and solidarity finance entities. Deposits with maturities above 360 days accounted for 27.5% of passive operations and grew 16.6% year on year, while those maturing in 121 to 180 days represented 6.2% and fell 14.5%.
Central Bank of Ecuador2026-07-15
Central Bank of Ecuador reports June lending rose 19.9% to USD 5.08 billion while time deposits were broadly flat
The Central Bank of Ecuador reported that new lending in the national financial system reached USD 5.08 billion in June 2026, up 19.9% year on year, led by private banks. First-half credit grew 9.8%, with productive and consumer lending accounting for 82.4% of the total. Time deposits were broadly flat in June at USD 8.45 billion and were down 1.2% on an accumulated basis for January to June.