ESPACIO PUBLICITARIO
CARACAS, Wednesday December 26, 2012 | Update
 
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FINANCE

Banking intermediation lashed by matured bonds payable

Some 50.8% of the deposits reported in November were mainstreamed to credits

Deposits soared 10.41% in November (File photo)
EL UNIVERSAL
Wednesday December 26, 2012  03:13 PM
Banking is among the best performing sectors this year, with annual real profitability spiking in 30% of its equity. Nevertheless, liquidity throughout 2012 brought about consequences in November to one of the main indicators, credit intermediation.

Intermediation has reported somewhat low figures throughout the year, below 55%, according to the Superintendence of Banks and Other Financial Institutions (Sudeban). Notwithstanding, the figure was reported at 50.88% last month.

In other words, for every 100 bolivars received by banking institutions, 50.88 were lent to clients. The figure is obtained by dividing the total amount of deposits by the total amount of credits.

Thus, as deposits grow faster than the delivery of credits, intermediation remained lower. Last month, most bonds set by the end of the year matured, leading to a 10.41% increase in deposits with respect to October.

The acceleration in deposits was way above the 4.96% growth reported in credits in November. Meanwhile, credit intermediation in November 2011 was reported at 53.3%.

Moreover, credit intermediation in public banking was down 38%, the lowest level over the last 12 months.

enmarcano@eluniversal.com

Translated by Jhean Cabrera
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