Public banks manage more than half of the total accumulated by this type of institution within the Uruguayan financial system.
He Central Bank of Uruguay (BCU)through its Superintendency of Financial Services (SSF), reported in its Report on the Financial System corresponding to the first quarter of 2023 that the banks have a patrimony of more than 5,500 million dollars in the country.
Within the domestic financial system there are 11 banks, of which 2 are state-owned and account for more than half of that patrimony. While the 9 private banks add up to 82,648 million pesos, the Bank of the Republic (BROU) and the Mortgage Bank of Uruguay (BHU) reach about 126,435 million pesos, for a total of 209,083 million pesos.
In total, all the banks added assets for more than 2 trillion pesos, and registered liabilities for almost 1.8 trillion pesos. In this section, the figures of private banks exceeded those of public banks.
The assets of private banks were more than 1.04 trillion pesos, while that of the public of 0.97 trillion pesos. In turn, the liabilities of the private reached 0.96 trillion pesos, and that of the State banking institutions 0.84 trillion pesos.
The deposits of residents in Uruguay correspond to 77.3% of the total liabilities of the banks, while non-residents represent 9%.
The capital of the banks is almost double the minimum capital required for risks
The capital of the Uruguayan banking system is 1.88 times higher than the minimum capital required for risks. In the breakdown, the capital of public banks is 2.42 times this minimum capital, while that of private banks is 1.42 times larger.
This capital required for risks is 2,951 million dollars, where, among the technical requirements, 2,255 million correspond to credit, 301 million are of a systemic nature, 257 million are operational, 107 correspond to the exchange rate, 22 million to the interest, 4 million to linear derivative financial instruments and purchased purchase options, and another 4 million to other components.
Source: Ambito
