Deposits increase as loans decrease

August 31, 2018

The economic activity of commercial banks has been somewhat unusual, total deposits are at its highest point since 2010 and this just a reflection of the second quarter of 2018. On the other hand, total loans are in its lowest point since 2010.   Total deposits began a downfall after 2008 and started to increase without falling since 2016. Total loans have been in a downfall without exceptions since 2009. Consumers debt has also been in a downfall after a sustained increase between 2013 and 2015. This is an expected reaction to the adverse economic moment the island is in.

 

Source: Statistical Appendix to the Governor

 

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