Informe sobre Encuesta de Situación General del Crédito: Segundo Trimestre 2020

Abstract

In the second quarter of 2020, the survey had a 100% response rate, of which 60.7% corresponded to banks, 28.6% to financial institutions, and 10.7% to other credit institutions. According to the data collected, 89.3% of the entities surveyed responded that the economic situation is not optimal for lending, which was reflected in the lower credit dynamism observed mainly in foreign currency (FC). Overall, the Credit Situation and Confidence indices have been within the contraction zone in the last two quarters. However, the Expectations index has recovered, reaching the expansion zone after the abrupt decline recorded in the first quarter of the year. The Sectoral Expectations Diffusion Index shows an improvement for all sectors for the 6-month period and especially for the 12-month period, with the Small Business, Commerce, and Construction sectors standing out.