Banco Pichincha was founded in 1906 and maintains a strong commitment to socially responsible banking.
Banco Pichincha is the largest private financial institution in Ecuador. Founded in 1906, the bank has a 31 percent market share, with approximately 2.5 million clients, a portfolio of over $4.8 billion and deposits of $6.9 billion. It has offices in all of Ecuador’s provinces, as well as Spain, Colombia, Peru, Panama and the US. All of its activities are built around a commitment to society, shareholders, the environment and gender equity.
The bank provides a range of products and services to meet the needs of the different client segments it serves, including microfinance, small and medium enterprises (SMEs), and corporations. Banco Pichincha has been able to successfully close the gap among populations that lack access to the formal financial sector through many of its business units, including microfinance unit Credi Fe, its Village Banking program and its non-bank correspondent channel ¡Pichincha Mi vecino!
Currently, 71 percent of the 91,000 clients in Banco Pichincha’s Village Banking program are women. The bank provides these clients with health insurance that covers illnesses, and maternity and outpatient needs through a network of clinics.
Banco Pichincha serves more than 108,000 SMEs with both credit and savings products, including 60,000 SME loans. The bank is designing a program that specifically targets and supports women-owned SMEs.
More than 40 percent of Banco Pichincha’s customers are women.
Women represent 31 percent of the bank’s credit portfolio and 40 percent of its deposits.
63 percent of the bank’s staff is female.
The bank offers a number of programs and benefits to women employees, including skill building for career development, family medical services and loans to fulfill their financial goals.