Rescheduled loans doubled, and finance companies’ profits fell 52%

The Association of Private Banks of Bolivia (Asoban) reveals that the rescheduled performing portfolio reached $1.78 billion, which implies a 119% growth, i.e., it doubled between March 2020 and March 2021. It also indicates that profits reached $25 million as of March 2021, registering a 52% drop in the last 12 months. The profitability of the entities has fallen by around 4%, six percentage points below the level recorded in March 2020.

Source: El Deber