The National Financial System (NFS) granted USD 5.0785 billion in new credit operations in June 2026, representing a year-on-year increase of 19.9%, driven primarily by private banks, whose credit placements increased by 20.1% compared to the same month in 2025.

During the first half of 2026, credit extended by the NFS recorded a year-on-year cumulative growth of 9.8%. Private banks accounted for 77.9% of total financing granted during the period and recorded an 8.4% expansion, consolidating their contribution to credit growth.

By segment, productive financing accounted for 52.1% of credit placements between January and June 2026, while the consumer segment represented 30.3%. Together, these two segments accounted for 82.4% of the total amount of credit operations granted by the financial system.

Regarding the sectoral allocation of resources, wholesale and retail trade, including the repair of motor vehicles, accounted for 39.3% of total credit placements (USD 7.185 billion), although it recorded a 4.7% year-on-year decline. In contrast, financing directed to agriculture, livestock, forestry, and fishing increased by 23.4% year-on-year, while financing for the manufacturing industry grew by 9.1%.

Regarding deposit-taking operations, in June 2026, time deposits held by the NFS amounted to USD 8.4509 billion, representing a year-on-year variation of -0.2%. Private banks accounted for 64.2% of total time deposits and recorded 0.5% growth compared to June 2025.

Between January and June 2026, cumulative time deposit-taking decreased by 1.2% compared to the same period of the previous year. This result was mainly due to a 16.7% decline in deposits held by public banks and a 1.4% decrease in private banks, while entities belonging to the popular and solidarity financial sector recorded a 1.3% increase.

By deposit maturity, deposits with maturities exceeding 360 days accounted for 27.5% of total deposit-taking operations and grew by 16.6% year-on-year. In contrast, deposits with maturities between 121 and 180 days accounted for 6.2% of the total and recorded a 14.5% decline.

The NFS Credit and Deposit Operations results are compiled based on information that financial institutions report weekly to the Central Bank of Ecuador (BCE). Through a statistical consolidation process and validation controls, the BCE ensures the consistency and quality of the data used to analyze trends in credit, deposits, and interest rates within the financial system.

Strategic Communications Sub-Directorate – Economic Studies and Statistics Division

More information is available at the following link:

https://contenido.bce.fin.ec/documentos/Estadisticas/SectorMonFin/ReporteMOA/rmoa0626.html