Macroeconomy/Finance

Bank profitability falls 8%, and low liquidity hinders reactivation

The effects of the coronavirus also hit the financial system. The Association of Private Banks of Bolivia (Asoban) reports an 8% reduction in profitability as of April, while liquidity, affected by the deferral of payments, is a huge challenge to meet the demand for credit for economic recovery.

Source: Los Tiempos