Banking with COVID-19: financial indices of private banks in Ecuador in the period 2019-2021
Abstract
Purpose: to analyze the impact of COVID-19 on the financial indices of private banks in Ecuador in the period 2019-2021 and observe the health of these entities in the context of the health crisis and regarding the declarations of health emergency and consequent resolutions for the financial system.
Design/methodology/approach: the study was descriptive from a postpositivist approach and used quantitative methods to identify the evolution of the indicators and to determine the statistical significance of their differences from year to year. The impact on financial indicators was identified: profitability, delinquency, portfolio growth, asset quality, among others.
Findings: it was found that financial entities in Ecuador had a good performance in the health crisis and their financial health was not compromised, taking into account that they had a decrease in their profitability indicators due to the increase in provisions and the deferral of operations. credit.
Practical implications: these results allow us to anticipate the possible response of the Ecuadorian financial system to regulatory measures such as those that occurred during the pandemic
Originality/value: the value of this study lies in being the only one that has been carried out to date on this subject in Ecuador.
Keywords: COVID-19, Credit Deferrals, Financial Entities, Financial Indicators
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European Journal of Applied Business and Management
ISSN: 2183-5594
DOI: https://doi.org/10.58869/EJABM
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