Ecuador’s Biess Steps Up Home Lending as Housing Demand Holds
Ecuador's state pension bank Biess has stepped up home lending, disbursing US$263.4 million in the first half of 2026 and tens of millions more through its Credicasa program. The post Ecuador’s Biess Steps Up Home Lending as Housing Demand Holds appeared first on The Rio Times .
Ecuador's state pension bank, Biess, has stepped up its home lending efforts as housing demand remains strong. Through its Credicasa program, Biess has provided over US$53.69 million in mortgage financing to more than 1,030 families. The program offers a preferential interest rate of 2.99%, significantly lower than the market average.
In the first half of 2026, Biess made US$263.4 million in housing loans across 4,192 operations, an increase from the previous year. June saw the highest number of operations with 869 and disbursements of US$54.25 million. While public lending accounts for a substantial portion, private lenders contributed an additional US$734 million in home loans during the same period.
Overall, the surge in loan volumes indicates a steady demand for home ownership in Ecuador, suggesting a resilient housing market.
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