QUITO--Twenty-five private banks operating in Ecuador, plus the
state-run Banco del Pacifico, have posted a combined $216 million
net profit in the first seven months of 2012, down 4% compared with
the same period last year, the country's banking regulator
said.
Banco del Pichincha C.A. (PCH.GU), Banco del Pacifico (PCF.YY),
Banco de Guayaquil S.A. (BGYQY) and Produbanco topped the list,
with $56 million, $34 million, $28 million and $21 million in
earnings, respectively, according to the report.
The four banks accounted for 64% of the reported combined income
and 63% of Ecuador's banking assets.
Another 6% of the reported income came from foreign banks, the
U.S.'s Citigroup Inc. (C), Dutch-German Procredit (PCB.YY) and
Panama's Promerica.
According to official data, assets in the banking system totaled
$25.7 billion for the January-July period, while liabilities were
$23 billion.
Sight deposits totaled $14.6 billion, term deposits $5.7 billion
and investments $3.4 billion.
Write to Mercedes Alvaro at mercedes.alvaro@dowjones.com
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