Financial Safety Advice

Make proper financial analysis is very important to us, if we are thinking of going to the financial in search of a loan or other financial transactions is importent to do a good analysis of the financial conditions of each institution, through the financial analysis can determine profits or losses that we may face if we make any kind of financial transactions or other movement, helping to take decisions on potential investments we can make.

Today there are many financial institutions, the growing population is forced to seek financial credits and loans to buy a house, a car etc… all these things we have to resort to financial, to have as many willing to give financial funding provided with conditions for recovery, we must study in depth all the offers we provide each financial institution so that we can thus make a very good choice on our financial operations.

As you can see we’ve talked briefly about several issues about the financial and content, we hope that this article written for you to help you become more knowledgeable about finance is to your liking and get the goals that you set with a knowledgeable about financial.

Ecuadorian financial institutions the liquidity fund established financial system of this country with an initial amount of U.S. $ 153mn, according to the Presidency in a statement.

The Central Bank of Ecuador will administer the trust and control will be in the hands of the banking and insurance regulator of the country, SBS, said the report.

Eight financial institutions, Banco de Loja, ProCredit Bank, Banco Solidario, Rumiñahui Bank, Citibank, Promérica, Banco del Pichincha Pacific Mutual-provided resources to fund liquidity. Others will join the initiative in the coming days.

The fund will provide loans to financial institutions that require cover deficits in the clearing houses and also provide financing for up to 120 days to financial institutions facing temporary liquidity problems.

The law establishing a financial safety net, promulgated in the Official Journal on 31 December last year, introduced the liquidity fund the country’s financial system.

It is no secret ongoing abuses committed by companies against domestic consumers, abuse that seems endless and, unfortunately, has been increasing. The National Institute for the Defense of Competition and Intellectual Property Protection (Indecopi) reported that in the period April 2009 – March 2010 the Citizen Service Centre (SAC) handled a total of 13.205 national claims of the 43.5% which was in Lima and Callao, and 56.5% in other departments.

Of the total of claims that came to the regulator, 59.7% of claims are concentrated in just five economic activities, of which Banking and Financial Services recorded 3.965 claims. Thus, this sector is again, where they make more consumer abuse, either by misleading advertising, improper, among others.

Previously, the university professor ESAN, Miguel Martin Mato, warned of the oligopoly that exists in the local financial market, where three four banks control more than 70% of the sector. According to the specialist, the bank concentration is detrimental to consumers in this sector also avoids that there is greater competition among financial institutions on behalf of users.

Martin Mato said that only the lead bank controls 37% of the market and the three largest banks, 75% of system deposits. “Rn any other country in Latin America there is such concentration indices as in Peru,” he asked. Read the rest of this entry →

From the hand of the European Central Bank (ECB) know the data for loans granted by financial institutions to the resident private sector. According to these data, credits increased by 1.2% in August over the same month last year.

Loans to companies grew against the previous month, but remained negative figures in annual terms, down 1.1%.

In this regard, the European business sector financing glimpse the light at the end of the tunnel between February and May, before returning to negative rates.

In contrast, loans to households grew by 2.9% from 2.7% in July. By type of financing, home loans rose by 3.5% in July rose 3.4% and consumer loans, not living its best, fell 0.4% in July was -0.6 %.

Finally, money supply, called M3, rose by 1.1% on-year in August, compared to 0.2% in July. Read the rest of this entry →

Personal financial advisor are experts who evaluated the financial situation of the person and then see the best ways to manage their finances and how best to optimize their investments.

On the one hand we have personal financial advisor who work as employees of banks or, although these have a specific training and can make a good assessment of the situation of people unfortunately they are obliged to offer any product financial institution for which they work.

These financial advisers are trying to be the “customer’s personal banking” and meet all the demands and needs of the bank or property but within the products and services that can provide the bank that hired them.

On the other hand we have the independent financial advisers who can give a less biased view that consultants working for various financial institutions, but they charge for their services. Read the rest of this entry →