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TOPIC 23: State and Economy
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They are smaller institutions that offer small amount loans.
Cooperatives
Financial institutions that offer mortgage loans for construction or home purchase.
Mutualists
They manage state funds
Public Banks
The strongest institutions and cover the entire national territory.
Private Banks
What is the purpose of the banks institutions?
Banks take over the money from the public in exchange for an interest.
Which is the most powerful Bank in Ecuador?
BANCO PICHINCHA
Before the crisis of 1999, the financial centers were located in Guayaquil
TRUE
What are the types of financial institutions
Public Banks / Private Banks / Mutualist / Cooperatives
What are the types of financial institutions
Public Banks / Private Banks / Mutualist / Cooperatives
Examples of Cooperatives
JEP; Jardín Azuayo
Examples of Mutualists
Mutualista Azuay; Pichincha; Imbabura; Ambato
Examples of Public Banks
Banco Central del Ecuador, Biess, Ban Ecuador
Examples of Private Banks
Banco Pichincha, Banco Guayaquil, Produbanco, Banco del Austro


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