Impacto de la pandemia del Covid-19 en el Segmento uno del Sistema Financiero Popular y Solidario, período 2018-2021

Abstract

Abstract: The Ecuadorian financial system is made up of the public, private, and popular and solidarity sectors. In this sense, the popular and solidarity system is made up of savings and credit cooperatives, mutual societies, savings banks, and communal banks. Within this system, the savings and credit cooperatives of segment 1 have greater importance due to the level of their assets, which are greater than 80 billion dollars. It is important to analyze the economic impact of Covid-19 through the main financial indicators, such as: share of portfolio over assets, share of deposits over liabilities, long-term liquidity, short-term liquidity, solvency indicator, delinquency of the total portfolio, financial return on equity (ROE) and financial return on assets (ROA). It isevident that the savings and credit cooperatives of segment 1 showed growth in different financial indicators despite the pandemic, however, their profitability and delinquency were affected; as well as the level of collations in credit decreased due to the economic stagnation caused by Covid-19, however, the level of deposits (demand deposits and time deposits) remained stable.