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According to the Ecuadorian Superintendency of Banks, as of 2012, the ten most profitable banks in Ecuador were (ordered by profit): Banco Pichincha, Banco del Pacífico, Banco de Guayaquil, Produbanco, Banco Internacional and Banco Bolivariano, Banco del Austro, Banco Solidario, Citibank Ecuador and Unibanco (now merged with Banco Solidario). [2]
After the Liberal Revolution came a period called the Banking Plutocracy (Plutocracia bancaria) that was dominated by private banking, especially by the Commercial and Agricultural Bank of Guayaquil (Banco Comercial y Agrícola de Guayaquil). This period ended with the July Revolution (Revolución Juliana) of 1925. [2]
The Banco Pichincha is the largest private-sector bank in Ecuador, by capitalization and by number of depositors.It is the primary bank of the Pichincha Group (Grupo Pichincha), a business group that includes the companies associated with the bank and businesses related to Fidel Egas Grijalva and his family, which include Diners Club of Ecuador, Picaval and Teleamazonas.
In 1994 Lasso became the CEO of Banco Guayaquil. [4] His brother-in-law Danilo Carrera Drouet previously was CEO of Banco Guayaquil from 1983 to 1984. [32] As a part of his tenure, he founded the Bancos del Barrio program, a community banking initiative that brought in local shopkeepers as economic partners with the bank in planning and ...
Danilo Carrera Drouet (born 13 October 1938) is an Ecuadorian businessman and banker who served as the President of Banco Guayaquil from 1983 to 1984. [1] He is the brother-in-law of President Guillermo Lasso, who also served as president of Banco Guayaquil. Carrera Drouet was born in Guayaquil, Ecuador.
Banco del Ecuador issued notes for 2 & 4 reales and 1, 5, 10, 20, 100, 500 & 1000 pesos. Banco Nacional, Guayaquil, issued notes briefly in 1871 for 2 and 4 reales and for 1, 5, 10, 20, and 100 pesos. It was taken over by Banco del Eduador, which began withdrawing Banco Nacional's notes in 1872. Banco de Quito was the first Quito-based bank. It ...
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A strong earthquake struck southern Ecuador on 18 March 2023. [1] It measured 6.8 on the moment magnitude scale, and struck with a hypocenter 68.0 km (42.3 mi) deep. [1] The epicenter was located in the Gulf of Guayaquil, off the coast of Balao Canton and about 80 kilometres (50 mi) south of Guayaquil. [2]