Best Bank − Ecuador: Banco Pichincha

Best Bank − Ecuador: Banco Pichincha

Andean

"The rating . . . incorporates the positive trends expected despite the uncertainty that exists at a macroeconomic level and the financial system’s vulnerability to government decisions and the economy,” says Bank Watch analyst Patricio Baus. Fernando Pozo – Pichincha’s general manager and president of the Private Banks Association of Ecuador, as well as the LatAm Federation of Banks – is in talks with the government about the need to provide more flexibility to the banking system, especially at a time when the world faces such a severe economic slump. One of the areas that needs more flexibility, he says, is interest rates. “They must go hand in hand with cons

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