Best Bank - Ecuador

Oct 31, 2007

Ecuador's leading financial institution, Banco Pichincha, is using technology to maintain profitability in one of the more politically volatile LatAm operating environments. A century-long track record helps on the home front, where Pichincha expects to continue capturing market share. And the bank is also looking to bolster overseas ventures.

According to Fitch, Pichincha is Ecuador's largest bank with about 26% of deposits and 28% of loans as of March. Incorporated in 1906, it offers a wide array of services to corporate, middle market and consumer customers, a diversification that gives Pichincha strength through the rocky political landscape. The bank boasted 17.2% ROE...

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