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The Banco Pichincha is the largest private-sector bank in Ecuador, by capitalization and by number of depositors.It 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 and Teleamazonas.
Diners Club International (DCI), founded as Diners Club, is a charge card company owned by Discover Financial Services.Formed in 1950 by Frank X. McNamara, Ralph Schneider (1909–1964), [3] Matty Simmons, and Alfred S. Bloomingdale, it was the first independent payment card company in the world, successfully establishing the financial card service of issuing travel and entertainment (T&E ...
Cuenca, officially Santa Ana de los Ríos de Cuenca, is an Ecuadorian city, head of the canton of the same name and capital of the province of Azuay, as well as its largest and most populated city. It is crossed by the Tomebamba, Tarqui, Yanuncay and Machángara rivers, [ 4] in the south-central inter-Andean region of Ecuador, in the Paute ...
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Regionalization, or zoning, is the union of two or more adjoining provinces in order to decentralize the administrative functions of the capital, Quito. In Ecuador, there are seven regions, or zones, each shaped by the following provinces: Region 1 (42,126 km 2, or 16,265 mi 2 ): Esmeraldas, Carchi, Imbabura, and Sucumbios.
The Central Bank of Ecuador ( Spanish: Banco Central del Ecuador; BCE) is the central bank of the country, and an institution of the Executive Function, which has institutional, administrative, financial, and technical autonomy. It is in charge of executing the monetary policy established by the Monetary Policy and Regulation Board of Ecuador ...
According to the Ecuadorian Superintendency of Banks, as of 2012, the ten most profitable banks in Ecuador were (ordered by profit): Banco Pichincha, Banco del Pacífico, Banco de Guayaquil, Produbanco, Banco Internacional and Banco Bolivariano, Banco del Austro, Banco Solidario, Citibank Ecuador and Unibanco (now merged with Banco Solidario). [ 2]
There were two military dictatorships in the country (1963–1966 and 1972–1979) before democracy returned with the election of Jaime Roldós Aguilera. From 1996 to 2005, 3 constitutional presidents were overthrown ( Abdalá Bucaram, Jamil Mahuad and Lucio Gutiérrez ). The left-wing populist government of Rafael Correa (2007–2017) has been ...