Bankers see a drop in deposits

El Deber reports:

Bankers see a drop in deposits

Due to the current economic situation, Asoban recognizes that there is a slight increase in the volume of arrears.

Nelson Villalobos, executive secretary of the Association of Private Banks of Bolivia (Asoban), ruled out that in the financial sector there are liquidity problems and pointed out that what is evidenced is a lower growth in deposits in relation to loans.

“Deposits grew year-on-year at 3.4%, while the portfolio was at 14.2%, accounting for differences in growth relative to the past when greater accompaniment was observed,” Villalobos said.

The official said that in relation to May 2016, deposits grew by US $722 million, while the portfolio has continued to rise at a stable pace, reflected in an increase of $2,344 million dollars in the last 12 months.

Consulted about some problems that banking is going through to collect the loans granted, Villalobos said that the default in the system is at very low levels, with a delinquency rate of 1.78% to May 2017.

“In fact, there has been a slight increase in volume, but it is still a high quality portfolio, which accounts for the solvency of banks, their efficient credit management and the culture of payment of borrowers,” said Villalobos.

Mining, a difficult sector

In turn, the director of the Financial System Authority (ASFI), Lenny Valdivia, said yesterday that the mining sector is too risky for the financial market and that its participation in the productive portfolio from December to May was only Bs44 million with respect to the more than Bs3,829 million invested / JCS.–20170613-0063.html

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