This Barometer Forecast is based on projections from 15 financial service providers for the quarter ending in December 2017. These financial service providers represent 56% of the market by Gross Loan Portfolio and 56% of the market by Borrowers as of FY2015. Financial service providers in Pakistan expect lower growth in Borrowers during the quarter. However, non-bank financial institutions (NBFIs) and NGOs expect Borrowers to increase significantly over the next twelve months.
The Barometer Forecast is based on 18 institutions that have responded to the survey and projected for the quarter ending in December 2017 quarter. These financial institutions represent 75% of the market by gross loan portfolio and 71% of the market by borrowers as of FY2015. Respondents have continued to cite competition for outreach factor and client-indebtedness for the risk factors as the primary factor.
Financial service providers in Ecuador reported growth in both Borrowers and Gross Loan Portfolio of 2.3% and 5.8%, respectively. Deposits experienced a slowdown in the growth rate while Depositors declined. Risk levels increased slightly, reaching 6.4% by the end of the quarter.
Sixteen financial service providers responded to the Barometer Forecast survey providing projections for the quarter ending in December 2017. These institutions represent 100% of the market by Gross Loan Portfolio and 99% of the market by Borrowers as of FY2015.
The Annual Benchmark Report offers a unique opportunity to analyze the performance of individual financial service providers (FSPs) and peer groups and to conduct country comparisons. During FY 2016, the Colombian economy grew at a slow pace. The inflation rate rose during the first half of the year and jumped to 8.9% year-on-year in July 2016.
Remittances and the the exchange rate continued to decline in Tajikistan, highlighting the challenges facing the country's financial sector.
During the quarter ending September 2017, both the Gross Loan Portfolio and Deposit Balance showed higher growth rates compared to the previous quarter: 2.5% and 3.9% in local currency, respectively. Banco Múltiple reported a significant improvement in growth rates of Number of Depositors (1.3%) and Deposits (4.3% in Bolivianos) after they seeing a decline during the quarter ending June 2017.
Donors play an important role in the development and expansion of financial services, and often have a particular focus on social impact and welfare. Therefore, donors need to properly select the products, partners and target population where they can affect positive change.
Since 2015, financial inclusion has been a top priority of Turkey, with a focus on regional policies. Therefore, monitoring relevant indicators to monitor progress is important. At MIX, we believe that sub-national data mapping can help policy makers design more efficient policies by examining disaggregated supply and demand data to understand the variations on-the-ground.
The Annual Benchmark Report is one of the primary benchmarking products created by MIX that offers a unique opportunity to analyze the performance of individual financial service providers (FSPs) and peer groups and to conduct country comparisons.