Similarly, accounts with simplified requirements have already reached 221,740, an exponential growth since 2019, when they were not even 10,000.

A related issue is deposits. According to the supervisory body, deposits already total US$18,256.88 million as of March, an increase of US$971 million or 5.6% compared to the same month last year.

People have the certainty that their savings will be safe and with expectations that they can be a backup in the future.

There are other indicators that confirm how confidence is improving. For example, the search for financing options.

The Superintendency said that the dynamism of the economy and the access to credit in the financial system is reflected in the inter-annual growth of loans.

Up to the first half of march, loans have reached US$17,713.82 million, which is US$1,646.2 (10.2%) million more than in the same month of 2022.

State-owned banks contribute to boosting economic growth. The SSF reported that state banks have granted US$1,406.12 million in loans, which is US$81.99 million (or 6.19%) more than the previous year.

The Central Government details that it continues to provide impulses to economic development, so that all productive sectors and households themselves find alternatives to build a more prosperous future.

Translated by: A.M