Banco Guayaquil

Debt : May 2019 - May 2023

Banco Guayaquil is an Ecuadorian universal bank with more than 95 years of experience in the country, an excellent track record and a significant MSME portfolio.

Amount

€ 13,100,400.00

Type of investment

Debt

Development impacts

Local economic growth
Promotion of ESG best practices

Beneficiary locations

Latin America and Caribbean: Ecuador

Investment field

Financial Institutions

Activity

KK.64.190 Commercial banking

Organisation

Banco Guayaquil

Website

https://www.bancoguayaquil.com/

Domicile

Ecuador

More investments in

Banco Guayaquil

Debt $ 20,000,000.00 (2024)
Subsidy $ 47,853.00 (2023)
Subsidy € 48,546.00 (2021-2022)

BIOs investment will be used towards MSMEs as well as for financing green businesses and energy efficiency projects.

Development impacts

Local economic growth
Financing Banco Guayaquil will improve local MSME financing and bring innovative products to the SME financing market (launch of green products);
Through its “Banco del Barrio” network (small shops) offering Banco Guayaquil’s products, revenues of small entrepreneurs/shop owners (today 5.000) are enhanced and diversified.
Promotion of ESG best practices
Promotion of good social practices: Banco Guayaquil is Smart Campaign (CPP) certified.