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Pichincha Says Well Positioned for Crisis

Nov 20, 2008

Ecuador’s biggest bank, Pichincha, is suffering the double punch of external and internal crisis, but it claims to be well positioned to survive. “Right now we are being prudent and waiting,” Antonio Acosta Espinosa, co-president at Pichincha tells LatinFinance. “The world has changed very quickly . . . but we don’t anticipate a situation in which financing...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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