Regulatory Alerts2022-01-01 | JPRF-F-2022-053JPRF-F-2022-053 — Reforming the Maximum Effective Active Interest Rates for the National Financial System for the First Semester of 2023
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-F-2022-053 to update the maximum effective active interest rates for the National Financial System for the first semester of 2023. The resolution increases the caps for Corporate Productive credit to 9.29% and Business Productive credit to 10.36%, while maintaining previous rates for other segments. These new rates, effective January 1, 2023, were established based on technical and legal analyses indicating that existing limits hindered new credit issuance.
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