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Banco Internacional de Ecuador

Sector: Financial Institutions • Location: Ecuador

Source: Inter-American Development Bank (IADB)

Project
Repaid

The funds will go toward financing for small and medium-sized enterprises in Ecuador in the form of medium- and long-term loans for modernizing and/or expanding these companies or for working capital.The Bank was founded in Quito in 1973. As of June 2015, Banco Internacional held assets worth US$2.7 billion and held an 8.5% market share by assets. The Bank serves the entire country, with 87 servic

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Project Information

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The project “Banco Internacional de Ecuador” is an infrastructure initiative in the Financial Institutions sector, located in Ecuador. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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Status

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repaid

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Description

Description

The funds will go toward financing for small and medium-sized enterprises in Ecuador in the form of medium- and long-term loans for modernizing and/or expanding these companies or for working capital.The Bank was founded in Quito in 1973. As of June 2015, Banco Internacional held assets worth US$2.7 billion and held an 8.5% market share by assets. The Bank serves the entire country, with 87 service points and a presence in 17 provinces and 28 cities in the coastal, mountain, and Amazonian regions. It has 1,200 employees and a network of more than 350 ATMs. As of the end of 2014, it had 500,000 clients. The Bank’s portfolio breakdown as of June 2015 was as follows: 80% corporate lending; 16% consumer lending; and 4% mortgage lending.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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