The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Awards for excellence - Ecuador

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. But Pichincha, as one of the few large banks that survived, is at the forefront of the effort. It recently bought a loan portfolio from Banco Popular, and it achieved a 15% return on equity in 2000.


Citigroup/Salomon Smith Barney wins the award for best debt house after structuring the country's bond exchange and also putting together a $50 million oil pre-export facility for Petroecuador.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree