Includes special features of this country’s banking system and rules/laws that might impact U.S. business.

Ecuador’s financial system has operated under the supervision of the Superintendent of Banks and Insurance Companies (Superintendencia de Bancos y Seguros) since 1927.

The financial system is comprised of many highly-sophisticated institutions with state-of-the-art technology, including: four large banks (Pichincha, Guayaquil, Produbanco and Pacífico), nine medium-sized banks (Bolivariano, Internacional, Austro, Citibank, General Rumiñahui, Machala, Loja, Solidario y Procredit), nine small banks, and one international bank (Citibank). (Note: size is measured according to the bank’s assets).

The Deposit Insurance Corporation (COSEDE) provides deposit insurance and guarantees the safety of deposits in Ecuadorian banks, currently up to $32,000.

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.