Banco Internacional Ecuador

Banco Internacional S.A., a significant financial institution in Ecuador, was founded in 1973 in Quito. Initially established with the participation of the Spanish Banco Ibérico, it began with just 19 employees. Today, the bank employs over 1,300 people and has a nationwide presence across 17 provinces.

As part of the diversified financial-industrial Grupo IF, which has operated in the Americas for over sixty years, Banco Internacional serves more than 500,000 clients. The bank's business model focuses on providing a comprehensive suite of financial products and services. Its core operations include corporate and retail banking, offering current accounts, credit cards, loans, insurance, leasing, and factoring services. A significant portion of its strategy is dedicated to the productive sector, with over 83% of its loan portfolio allocated to supporting businesses, positioning itself as a key lender for companies with annual sales exceeding $500,000. The bank is also a prominent player in foreign trade services. Revenue is generated through net interest income, commissions on services, and financial operations.

The bank caters to a diverse client base, from individuals and families to small, medium, and large enterprises. For its individual customers, it provides personal banking services, including savings accounts, credit cards, and mortgage loans. For its corporate clients, it offers specialized services like corporate banking and foreign trade financing. In a move to capture a younger demographic, the bank recently launched Zensational, a fully digital banking experience targeting Generation Z with personalized tools and benefits. This complements its existing digital offerings, which include robust online and mobile banking platforms for both individuals and businesses. The institution has also been recognized for its financial strength, holding a 'AAA' rating from Class International Rating.

Under the leadership of CEO Francisco Naranjo, Banco Internacional has emphasized prudent risk management, operational efficiency, and quality of service. The bank has achieved several milestones, including being named "Bank of the Year" in Ecuador multiple times by The Banker magazine. Demonstrating a commitment to sustainability, it became the first private institution in Latin America to issue Blue Bonds, in partnership with the International Finance Corporation (IFC), to finance projects in the sustainable blue economy.

Keywords: Corporate Banking, Retail Banking, Foreign Trade Finance, Commercial Loans, SME Banking, Digital Banking, Financial Services Ecuador, Sustainable Finance, Blue Bonds, Investment Services, Asset Management, Personal Banking, Credit Cards, Mortgage Lending, Operational Efficiency, Risk Management, South American Finance, Quito Banking, Grupo IF, Trade Finance