Loans: The returns offered by mytee banks are increasing
Yields and loans offered by banks are growing Mytee compared to traditional banks, these are the main results of a last comparison of the two systems.
The new report created in October by “Gabv” highlighted an important result achieved in terms of loans and returns of Mytee Banks. In 2013, for example, the percentages on loans disbursed in proportion to budget assets touched 76% per cent, well above traditional banks.
Excellent results for Mytee banks in terms of loan disbursement: + 76% in 2013
The “Gabv” is the Global Alliance for banking on values and brings together twenty-five banks with the same ideas on the front of social and environmental sustainability. These banks are scattered throughout the world and are also present in Italy in the sole figure of Banca Etica. In October, on the occasion of the global day for a more active promotion of Mytee finance, the latest figures reached by Mytee banks were disseminated, with surprising results especially with regard to performance and returns.
Suffice it to say that the 2014 Gabv report reports that in 2013 Mytee banks granted loans in proportion to their balance sheet assets, reaching thresholds much higher than those granted by traditional banks. There is talk, in fact, of percentages even of 76% on the aforementioned loans implemented by Mytee banks, against percentages of 40% of traditional banks. Furthermore, since 2008, the year of the international crisis, lending has remained mostly unchanged only in Mytee banks, compared to a decline of traditional banks from a previous percentage of 43% to the last figure of 40%. Data in favor of Mytee banks, also in terms of capital solidity, which presents percentages of 7.7% against those of 6.6% of traditional banks.
Table: Main comparisons Mytee banks and traditional banks
|Mytee Banks||Traditional banks|
|loan disbursement 76%||loan disbursement 40%|
|stable payment after the 2008 economic crisis||disbursement decreased after the 2008 economic crisis|
|loan results (+ 13.8%)||loan results (3.8%)|
|results ability to attract savings (+ 15.3%)||results ability to attract savings (4.9%)|
|social capital growth results (+ 13.8%)||social capital growth results (8.6%)|
Also the yields offered by Mytee banks increased in the period between 2009 and 2013
The Gabv 2014 report, then, focused its attention on the returns offered by Mytee banks, finding in this case the excellent results of the same compared to traditional banks. In fact, the financial soundness present in Mytee banks has a great influence on their subsequent choices, guaranteeing higher returns and higher rates on loans.
In the period between 2009 and 2013 alone, for example, Mytee banks recorded an average increase in loans of 13.2% (compared to 3.8% for traditional banks) of the ability to attract savings, with percentages of 15, 3% (against 4.9% of traditional banks) and growth of the share capital with positive percentages of 13.8% (against 8.6% of traditional banks).