Financial innovation and profitability of private banks in Ecuador

10.2478/bjlp-2023-00000150

Authors

  • Dávalos Mayorga, Eduardo
  • Puente Riofrío Mariana Isabel
  • Arias González Iván Patricio
  • López Naranjo Alexandra Lorena

Keywords:

financial innovation, profitability, return on assets, return on equity, ATMs

Abstract

Ecuadorian banking has been one of the sectors with the greatest growth in digitalization.  In this sense, about 90% of banking services are available digitally, through web pages, cell phone applications, virtual assistants, contactless payment systems, ATMs among products. This research aims to analyze the impact of financial innovation on the profitability of private banks in Ecuador with a focus on ATMs between 2015 – 2019.

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Published

2023-05-08

Issue

Vol. 16 No. 3 (2023): March 2023

Section

Articles