Banco del Pichincha serves Ecuador costumers. Banco del Pichincha is the largest private bank in Ecuador, by capitalization and by number of depositors. Recently, Banco del Pichincha plans to convert its customer service centers to branches to develop their service.
Banco del Pichincha is the primary bank of the Pichincha Group (Grupo Pichincha), a business group that includes the companies associated with the bank and businesses related to Fidel Egas Grijalva and his family, which include Diners Club of Ecuador, Picaval, Teleamazonas, and Delta Publicidad.
Banco del Pichincha has 1.8 million customers in Ecuador, $4.5 billion in assets and $4 billion in deposits, as well as more than 200 branches in the country. Banco Pichincha has a subsidiary in Peru, Banco Financiero Perú, and another in Panama, Banco Pichincha Panamá. It also has an agency in Miami, and eight representative offices in Spain, including two each in Madrid, Barcelona, Murcia, and Communidad Valenciana.
Banco del Pichincha has just received regulatory approval to convert its network of offices in Spain into a commercial bank, the first Spanish commercial bank from Latin America. It has applied to the regulators in Colombia for permission to convert its commercial lending operation in that country, Inversora Pichincha, into a commercial bank.
Banco del Pichincha acquired AIG's operations in Colombia in 2009. These included the commercial lender, Inversora Pichincha. You can visit their website at www.pichincha.com for more information about the bank.
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