Banking with COVID-19: financial indices of private banks in Ecuador in the period 2019-2021

Diego Raza-Carrillo, Edison Xavier Carrillo-Lanas, Lizeth Catherine Mejia-Ayala


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

Full Text:



Agustina, V. (2020). Impacto financiero del COVID-19 en Ecuador: Desafíos y respuestas. 21.

ASBA. (2013). Basilea III: Coeficiente de cobertura de liquidez y herramientas de seguimiento del riesgo de liquidez.

Banco Central del Ecuador. (2020). La economía ecuatoriana decreció 12,4% en el segundo trimestre de 2020.

Basilea III: Coeficiente de cobertura de liquidez y herramientas de seguimiento del riesgo de liquidez. (2013). Banco de Pagos Internacionales.

Deb, P., Furceri, D., Ostry, J. D., & Tawk, N. (2022). The Economic Effects of COVID-19 Containment Measures. Open Economies Review, 33(1), 1-32.

Economic Commission for Latin America and the Caribbean. (2020). Dimensionar los efectos del COVID-19 para pensar en la reactivación: Informe Especial COVID-19 No. 2. United Nations.

Golmohammadi, S., & Fazelabdolabadi, B. (2021). COVID-19: A Game-changer to Equity Markets? Journal of Human, Earth, and Future.

Implementación de los Estándares de Liquidez de Basilea III en las Américas. (2013). ASBA, Asociación de Supervisores Bancarios de las Américas.

Kozak, S. (2021). The Impact of COVID-19 on Bank Equity and Performance: The Case of Central Eastern South European Countries. Sustainability.

Marcu, M. R. (2021). The Impact of the COVID-19 Pandemic on the Banking Sector. Undefined.

Miklaszewska, E., Kil, K., & Idzik, M. (2021). How the COVID-19 Pandemic Affects Bank Risks and Returns: Evidence from EU Members in Central, Eastern, and Northern Europe. Risks.

Nations United. (2020). «La recuperación de la crisis de la COVID-19 deberá conducirnos a una economía diferente.» | Naciones Unidas. United Nations; United Nations.

Superintendencia de Bancos. (2020). Portal de estudios – Otro sitio más de PORTALES SB. Portal de estudios.

Tisdell, C. (2021). Determinants of the Economic Vulnerability of Businesses to Pandemics and Similar Events. Journal of Risk and Financial Management.

Wang, Q., & Huang, R. (2021). The impact of COVID-19 pandemic on sustainable development goals – A survey. Environmental Research, 202, 111637.

Copyright (c) 2022 European Journal of Applied Business and Management


European Journal of Applied Business and Management

ISSN: 2183-5594