Bolivia’s financial system witnessed a profitable year in 2023, with earnings amounting to USD 292 mln, a 10% increase compared to 2022, as reported by bank regulator President Espinoza. This growth is reflected in the credit portfolio, which expanded by 10% to reach USD 30.8 bln, and deposits, which rose 8% to USD 31.6 bln. The default rate in the Bolivian financial system stood at 2.9%.