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Rural Savings Banks financial performance of Merida State, Venezuela

Author

Listed:
  • Ismaira Contreras de Ussher

    (Doctora en Ciencias Humanas por la Universidad de Los Andes. Centro de Investigación y Desarrollo Empresarial. Facultad de Ciencias Económicas y Sociales de la Universidad de Los Andes. Mérida, Venezuela. Teléfono: 0058-4147440223.)

  • Alejandro Gutiérrez

    (Doctor en Estudios del Desarrollo por la Universidad Central de Venezuela. Centro de Investigaciones Agroalimentarias. Facultad de Ciencias Económicas y Sociales de la Universidad de Los Andes. Mérida, Venezuela. Teléfono: 0058-4247018190.)

Abstract

The objective of the present article is to evaluate the financial performance of Rural Savings Banks (CRs) from Mérida State, Venezuela. The methodology used was descriptive and analytical. The sample was composed by fourteen CRs located in eight municipalities. A registration matrix was used to collect the information of the financial states of such savings banksand to calculate the financial indicators. The results report high levels of liquidity, moderate leverage, low turnover of assets, adequate proportion of operating expenses, profitability of the asset andalso of the patrimony superior to that of the industry, increasing financial differential, and high operational self-sufficiency. It was concluded that these CRs must pay close attention to the financial information report, in order to contribute with a successful decision-making.

Suggested Citation

  • Ismaira Contreras de Ussher & Alejandro Gutiérrez, 2019. "Rural Savings Banks financial performance of Merida State, Venezuela," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 44(47), pages 9-45, January-J.
    • Handle: RePEc:ula:econom:v:44:y:2019:i:47:p:9-45
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    More about this item

    Keywords

    Microfinance; rural savings banks; financial performance.;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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