A look at the Banking System: Current Situation and Perspectives

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A look at the Banking System: Current Situation and Perspectives

Febrero 2004

In the second half of 2003 there was an important improvement in the banking system.

It managed to restore liquidity, it showed signs of a return to profitability and there was a the persistent fall in loans to the private sector came to an end. 

Looking forward, it seems that the banking sector could generate profits already in 2004, and that it could return to reasonable levels of profitability in 2007. The public sectors banks are the only ones that might experience problems to generate profits during this period.