BancoSol (Bolivia)

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Overview

BancoSol (Bolivia) is world's first private commercial bank dedicated exclusively to microfinance + leading Bolivian commercial bank by microfinance clients + Andean Development Corporation CAF + IFC + ACCION International founding investors + ~1.5M+ clients ^{1, Bolivia, Plurinational State of report}.

History

1986 — PRODEM Bolivian microcredit NGO founded by ACCION International + Bolivian businessmen distinctive Bolivian microfinance heritage.

Feb 1992 — Banco Solidario S.A. BancoSol founded as world's first private commercial bank dedicated exclusively to microfinance distinctive global microfinance commercial banking pioneer.

2014 — BancoSol Mobile Banking app launch.

Ownership & operator

Operating entity: Banco Solidario S.A. BancoSol (world's first private commercial bank dedicated exclusively to microfinance).

Major shareholders: Andean Development Corporation CAF + IFC + ACCION International founding investors + Stichting Hivos-Triodos Fonds + Triodos Bank NV + responsAbility Global Microfinance Fund + Bolivian retail + institutional + foreign investors.

Regulators: ASFI Bolivia (Autoridad de Supervisión del Sistema Financiero) + BCB (Banco Central de Bolivia).

Technical integration

BancoSol Mobile Banking app (iOS + Android; ~1.5M+ clients) + bancosol.com.bo online + BancoSol branch network across Bolivia + BancoSol Visa + Mastercard cards; BO IBAN + ACH BO.

Implementations & partners

Major Bolivian banking + microfinance + payments competitors: Banco Mercantil Santa Cruz (Banco Mercantil Santa Cruz Bolivia's largest commercial bank by assets) + Banco Nacional de Bolivia (Banco Nacional de Bolivia Bolivian commercial bank) + Banco BISA (Bolivia) + Movilink (Banco BISA Bolivian commercial bank) + Banco de Crédito de Bolivia (Banco de Crédito de Bolivia Bolivian commercial bank; Credicorp Peruvian parent) + Banco Unión (Banco Unión Bolivian state-owned commercial bank) + Banco FIE (Banco para el Fomento a Iniciativas Económicas FIE Bolivian microfinance commercial bank) + Banco Económico (Banco Económico Bolivian commercial bank).

Regulators: ASFI + BCB.

Status

Active, world's first private commercial bank dedicated exclusively to microfinance + leading Bolivian commercial bank by microfinance clients + Andean Development Corporation CAF + IFC + ACCION International founding investors + ~1.5M+ clients ^{1, 2}.

Sources

1 BancoSol — official
2 BancoSol — Wikipedia
^{Bolivia, Plurinational State of report} In-corpus: reports/countries/BO-bolivia.md

Source

Biography extracted from bancosol.md. See matrix.md for standards-support matrix if present.