During the first two months of 2026, the Ecuadorian Social Security Institute's Bank (Biess) allocated more funds in loans to affiliates and retirees compared to the same period in 2025.
In January and February 2026, the Bank of the Ecuadorian Institute of Social Security (Biess) provided a total of $857.4 million in loans, representing an 11% increase from the same period in 2025. The breakdown of loans includes personal loans (quirografarios), mortgage loans, and pledge loans, reflecting a growing demand for financial support among the country’s social security affiliates and retirees. The total number of approved loan operations reached 485,207, indicating a robust lending activity that underscores the critical role of these loans in covering unexpected expenses for Ecuadorian citizens.
Among the types of loans, personal loans accounted for the largest share with 460,783 operations amounting to $759.2 million, a growth of 12%. This shows a trend towards utilizing personal loans as a flexible option for financial needs, catering to various expenditure demands that may arise for both active contributors and pensioners alike. Mortgage loans accounted for $72.9 million through 1,165 operations, while pledge loans also saw an increase with 23,259 operations totaling $25.2 million, reflecting a 16% growth compared to the previous year.
The increase in lending by Biess highlights the financial support provided to insured individuals and retirees in Ecuador. The statistics illustrate how the institution plays a pivotal role in not just facilitating loans but also bolstering the economic stability of many families through accessible financing options. As financial needs continue to evolve, such lending mechanisms will be crucial in providing the necessary support to those relying on social security benefits for their livelihoods.
