Banco Guayaquil

Subsidy : April 2023

BIO has granted USD 47,853 of technical assistance to Banco Guayaquil

Amount

$ 47,853.00

Type of investment

Subsidy

Beneficiary locations

Latin America and Caribbean: Ecuador

Investment field

Financial Institutions

Activity

KK.64.190  Commercial banking

Organisation

Banco Guayaquil

Domicile

Ecuador

More investments in

Banco Guayaquil

  • Subsidy € 37,262.00 (2021)
  • Debt € 13,100,400.00 (2019)

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.

Technical assistance

The objective of this project is to design an organisation-wide strategy for Banco Guayaquil that embeds climate change adaptation. To do this, the following is required:

  • Valorise the risks and opportunities of climate change in sectors of vulnerable and priority clients of Banco Guayaquil, considering the physical and transitional climate risks.
  • Calculate Banco Guayaquil's indirect greenhouse gas emissions (scope 3), including on investments in priority sectors of the bank.
  • Define targets for reducing greenhouse gas emissions in scopes 1, 2 and 3, with validation from the Science Based Targets Initiative.
  • Complete the Carbon Disclosure Project questionnaire.
  • Define and approve the Climate Change Strategy for application in the medium and long term at Banco Guayaquil.
  • Assistance in joining the Net Zero Banking Alliance

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