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Headline: Ecuador Source: Euromoney Date: July 2001 Best bank: Banco del Pichincha Best debt house: Citigroup/Salomon Smith Barney Banco del Pichincha is the largest privately- owned bank in Ecuador, with 213 offices in 77 cities. As of March 2001, the bank had $1.2 billion in assets, $936 million in deposits, and equity of $97 million. In 2000, the financial group led by the bank reported $141 million in revenues, and $13.7 million in net income. It has been a rocky road back from the devastation wrought on the Ecuadorean banking system in 1999, and there’s still a long way to go. |
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