List of Banks in Ecuador

The banking system in Ecuador includes major private banks, mid-sized banks and small financial institutions. Ecuador is one of the Latin American countries, along with Panama and El Salvador, which adopted the U.S. dollar as the country’s official currency. U.S. citizens do not require a visa prior to visit Ecuador for a stay of 90 days or less. Many Ecuadorian banks have established correspondent relationships with U.S. banks. The country's financial sector is regulated by the Central Bank of Ecuador which was established in August 1927.

How many banks are in Ecuador?

Currently, there are about 24 banks and more than 400 savings & credit unions in Ecuador. The four biggest Ecuadorian banks are Banco Pichincha, Banco Pacifico, Produbanco and Banco Guayaquil.

Banco Pichincha

Headquartered in Quito, Banco Pichincha C.A. is the largest bank in Ecuador by total assets, deposits, loans and number of employees. Founded in 1906, it is the most popular bank in Ecuador. It serves over five million retail and corporate customers, SMEs and micro-entrepreneurs through about 200 branches or agencies, internet banking, call center and interaction on social networks including X and Facebook. It also has branches and representative offices in Peru, Colombia, Panama and Spain as well as agency in Miami (Florida, USA).

Banco del Pacifico

Banco del Pacifico S.A. is one of the leading banks in Ecuador by assets, revenue and net income. It is a private banking organization offering financial products and services to business and personal customers. The company was founded in 1972 and currently employs over 2,400 people. Banco del Pacifico was the first bank in South America to introduce ATMs. In 2014, the company sold its Miami-based subsidiary Pacific National Bank to a group of U.S. private investors.

Banco de Guayaquil

Banco Guayaquil S.A. is the third largest bank in Ecuador by assets. It serves more than 3.8 million customers and offers a comprehensive range of products and services including retail, corporate, private, transaction and online banking. The company was founded in December 1923 and today it has the largest physical presence in the country. As of September 2024, Banco Guayaquil had US$8.2 billion in total assets, US$6.0 billion in deposits, US$5.4 billion in net loans and US$779 million in total equity.

ProduBanco

Banco de la Producción S.A. (or ProduBanco) is one of the big four banks in Ecuador with around 80 branches and 420 ATMs. The company is a subsidiary of Grupo Promerica, a regional financial group with operations in Ecuador, Panama, the Dominican Republic, El Salvador, Guatemala, Honduras, Costa Rica, Cayman Islands and Nicaragua. ProduBanco has been named Best Bank in Ecuador by Global Finance.

Banco Internacional

Established in 1973, Banco Internacional S.A. is a private financial institution with more than 500,000 active clients and around 80 branches and offices nationwide. With over 1,300 full-time employees, it has a presence in 18 provinces and 30 cities across Ecuador. The company operates as a subsidiary of Spanish Fierro Group (Grupo Iberoamericano de Fomento or IF Group). As of June 30, 2024, the Bank’s total assets amounted to US$5.3 billion.

Banco Bolivariano

Banco Bolivariano is one of the top 10 banks in Ecuador with over 1,500 employees, 52 agencies, 11 branches and 290 ATMs. It offers personal, SME and corporate banking services including checking and savings accounts, consumer and business loans, vehicle financing, mortgages, educational loans, credit and debit cards, investments, cash management, treasury and trade services, mobile and online banking and more. The company was founded in 1979 and is located in Guayaquil.

Banco Diners Club

Banco Diners Club del Ecuador S.A. provides a range of financial products and services with a focus on credit cards. The company has total assets of about US$3.0 billion and gross loan portfolio of US$2.4 billion.

Banco del Austro

Banco del Austro S.A. is a private Ecuadorian bank headquartered in Cuenca. It serves customers through 90 branches and 200 automated teller machines (ATMs) across the nation. It continues to enjoy a strong credit rating of AA from Pacific Credit Rating agency. As of September 2024, Banco Austro had total assets of US$2.7 billion and credit portfolio of US$1.5 billion.

Banco Solidario

Banco Solidario S.A. (previously Estrategia Financiera) offers micro financing to small business, enterprises and family owned businesses. It provides micro-credits, savings, personal and home improvement loans, insurance solutions and other services in the main cities of the country. Established in 1995, Solidario is the first bank in Ecuador with a social rating (A).

Banco General Ruminahui

Banco General Rumiñahui (BGR) is one of the ten largest banks in the nation. It was established in 1988 to provide quality financial solutions for Armed Forces of Ecuador. The company offers various products and services to the employees of the armed forces and middle-sized companies. As of June 2023, BGR reported total assets of US$1.17 billion and net loans of US$762 million.

Banco de Machala

Banco de Machala SA provides personal and corporate banking products through over 50 branches and agencies nationwide. It offers consumer and auto loans, mortgages, business lending, credit cards, SME banking, foreign trade, investments, collections and automatic payments, and other services. The company was established in 1962 and is headquartered in a city Machala, the fourth-biggest city in Ecuador and capital of the El Oro province, one of the world's major exporters of bananas.

Citi Ecuador

Citibank Ecuador is an innovative financial institution providing a range of banking products and services through two branches in Quito and Guayaquil. Citi is the only international bank in Ecuador. It employs over 100 people and serves customers throughout the whole nation. Citigroup has been present in Ecuador since 1960. You can also send money to Ecuador from Wells Fargo savings or checking accounts.

Full List of Banks in Ecuador

  • Banco Amazonas
  • Banco Bolivariano
  • Banco Capital
  • Banco Coopnacional
  • Citibank Ecuador
  • Banco Cofiec
  • Banco D-Miro
  • Banco Diners Club
  • Banco de Guayaquil
  • Banco de la Producción
  • Banco de Loja
  • Banco de Machala
  • Banco del Austro
  • Banco del Litoral
  • Banco del Pacífico
  • Banco ProCredit
  • Banco Pichincha
  • Banco Delbank
  • Banco Comercial de Manabí
  • Banco General Rumiñahui
  • Banco Internacional
  • Banco Finca S.A.
  • Banco Promérica
  • Banco Solidario
  • Banco Sudamericano

Foreign Banks in Ecuador

Which US banks have branches in Ecuador?

Here is a list of international banks in Ecuador. Citi is the only foreign bank operating in the country.

Citibank N.A. Sucursal Ecuador (or Citibank Ecuador)
Address: Av. Republica Del Salvador
N36-230 Y Naciones Unidas, Quito
Tel: 593 2 393 8999

ABN AMRO Bank NV (Ecuador)
The Netherlands-based ABN AMRO sold its Ecuadorian business (including six branches) to Banco Pichincha in 2001.

Lloyds Bank
The British Lloyds Banking Group plc sold its operations in Ecuador to Banco Pichincha in 2010. The local Lloyds Bank was founded in 1913 in Guayaquil and was the first foreign bank in Ecuador. With headquarters in Quito, it employed about 100 people.

Last updated January 14, 2025