Banking in Ecuador
Banking in Ecuador has a long history. At the time of the dissolution of Gran Colombia and its formation as a republic, Ecuador's economy was generally not monetized; gold and silver coins were circulated, and were brought into common use by successive currency laws.[1] Little by little, with the growth of the nation, Ecuadorian banking also grew and was particularly centered on the city of Guayaquil. After the Liberal Revolution came a period called the Banking Plutocracy (Plutocracia bancaria) that was dominated by private banking, especially by the Commercial and Agricultural Bank of Guayaquil (Banco Comercial y Agrícola de Guayaquil). This period ended with the July Revolution (Revolución Juliana) of 1925.[2]
In 1998, Ecuador's banks faced the worst financial crisis in the country's history.
Major banks
The major banks today are the Banco Pichincha, Produbanco, Citibank and Banco de Guayaquil.
See also
Banks portal
- Economy of Ecuador
- Central Bank of Ecuador
References
- v
- t
- e
Banking in Latin America and the Caribbean | ||
|---|---|---|
| Caribbean |
|  |
| Central America |
| |
| Middle America |
| |
| South America | ||
Dependencies not included. Semi-autonomous territories are in italics. | ||
List of banks in the Americas | ||
|---|---|---|
| ||
|  | |
| Sovereign states |
| |
| ||
