Produbanco (Ecuador)

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Overview

Produbanco (Ecuador) is Ecuadorian commercial bank + Promerica Financial Corporation Central American + Andean banking parent ~56% controlling ^{1, Ecuador report}.

History

1978 — Banco de la Producción S.A. Produbanco founded in Ecuador distinctive Ecuadorian commercial banking heritage.

2014 — Promerica Financial Corporation Central American + Andean banking parent acquires ~56% Produbanco controlling stake distinctive Central American-Ecuadorian banking acquisition.

2014 — Produbanco Mobile Banking app launch.

Ownership & operator

Operating entity: Banco de la Producción S.A. Produbanco (Ecuadorian commercial bank).

Major shareholders: Promerica Financial Corporation Central American + Andean banking parent ~56% controlling + Ecuadorian retail + institutional + foreign investors.

Regulators: SB Ecuador (Superintendencia de Bancos) + BCE (Banco Central del Ecuador).

Technical integration

Produbanco mobile app (iOS + Android) + produbanco.com.ec online + Produbanco branch network across Ecuador + Produbanco Visa + Mastercard cards; EC IBAN.

Implementations & partners

Promerica Group ecosystem: Banco Promerica (Banco Promérica Central America Costa Rica + Guatemala + El Salvador + Honduras + Nicaragua + Panama + Ecuador + Cayman Islands + Dominican Republic + Promerica Financial Corporation parent + Produbanco Ecuador subsidiary).

Major Ecuadorian banking + payments competitors: Banco Pichincha (Ecuador) (Banco Pichincha; Ecuador's largest commercial bank by assets) + Banco Guayaquil (Ecuador) (Banco Guayaquil; Ecuador's #2 commercial bank by assets; Lasso Mendoza family controlling) + Banco del Pacífico (Banco del Pacífico Ecuadorian state-owned commercial bank) + Banco Bolivariano (Banco Bolivariano Ecuadorian commercial bank).

Regulators: SB Ecuador + BCE.

Status

Active, Ecuadorian commercial bank + Promerica Financial Corporation Central American + Andean banking parent ~56% controlling ^{1, 2}.

Sources

1 Produbanco — official
2 Grupo Promerica — Wikipedia
^{Ecuador report} In-corpus: reports/countries/EC-ecuador.md

Source

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