Small But Strong

Nov 7, 2003

Ecuador is still struggling after a banking crisis that helped trigger a government debt default in 1999. But Banco de la Producción (Produbanco), proves that even small banks can prosper in adverse conditions. Although it had assets of just $786 million in 2002, Produbanco still managed to churn out a 22.02% return on equity.

Ecuador's...

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