Banco Pichincha: Building inclusion by empowering women entrepreneurs

SME Banking
Q+
08/03/2023 Study
profile picture of Leandro Seligmann

Leandro Seligmann

Qorus

Strategic Initiatives Coordinator

Banco Pichincha is Ecuador’s largest private sector bank by capitalization and number of depositors. Founded in 1906, the Bank has a 27% market share, with approximately 4.5 million clients, a portfolio of over $10.5 billion, and deposits of $7.6 billion. It has offices in all of Ecuador’s provinces, as well as Spain, Colombia, Peru, Panama, and the US. 

The Bank provides a range of products and services to meet the needs of the different client segments it serves, including retail, microfinance, SMEs, enterprise and corporations. All of its activities are built around a commitment to society, shareholders, the environment, and gender equity.

Banco Pichincha has been a noteworthy vessel of empowerment and growth for Ecuadorian VSMEs (very, small and medium enterprises) through its non-financial offerings. Aside from offering the necessary tools to manage their finances and expand their businesses, Banco Pichincha offers VSMEs business value through VSME-focused educational resources such as events, programs, and courses. 

The Bank’s ‘Mejor Pyme’ program, for instance, provides its SME clients with free access to practical training on SMEs’ best practices, as well as a space for the cross-selling of products, thereby improving market linkages and enhancing Ecuador’s business structure as well as its SME segment.

In addition to its support of VSMEs, Banco Pichincha has received international recognition for its commitment to women’s economic empowerment. The Bank was the first Ecuadorian lender to subscribe to the UN Women’s Empowerment Principle, which aims to get the private sector involved in efforts to achieve gender equality. 

Moreover, the institution boasts noteworthy initiatives focused on fostering the economic advancement of women. Banco Pichincha has been a member of the Financial Alliance for Women since 2014, and it's been recognized for its inclusive leadership and investment in women and women-led businesses globally. Part of the Bank's value proposition is to serve women microentrepreneurs and entrepreneurs by including the financial needs, preferences, and specific behaviors of women in its business models.

Want to keep reading?

Become a Qorus member to get access to all our insights

Related news & insights

Mobility
05/02/2025 Article

EV battery data is the super fuel that will power winners in the electromobility arena

Finance and insurance providers that gain access to accurate ongoing information about the condition and performance of EV batteries, a...

SME Banking
05/02/2025 Article

Celebrating excellence in SME banking: The 2025 awards & community

If you want to showcase your excellence in SME banking, participating is simple and free of charge. Just complete the...

SME Banking
30/01/2025 Study

From insights to impact: The journey towards unified services in SME Banking

Discover the transformative power of unified services in SME banking. In the third and final installment of our series, we...

Digital Reinvention
30/01/2025 Article

Financial Innovation Spotlight – January 2025 edition

In this month’s Financial Innovation Spotlight, we zoom in on five exciting new projects by Atom, Revolut, Crédit Agricole's Khome,...

Mobility
30/01/2025 News

DriveScore launches world's first discounted car finance for good drivers

Through partnerships with lenders such as Zopa Bank, Admiral, AA Car Finance, and My Car Credit, DriveScore users with high...

Digital Reinvention
29/01/2025 Study

The AI imperative: Navigating data and AI for ESG success

In a world where Artificial Intelligence and Machine Learning (AI/ML) are redefining industries, our report delves into the transformative potential...

29/01/2025 News

BNP Paribas Personal Finance partners with Apple to offer consumer financing in France

BNP Paribas Personal Finance, under its Cetelem brand, is introducing new financing solutions for Apple customers in France.

Mobility
28/01/2025 News

CA Personal Finance & Mobility strengthens partnership with GAC Group to boost electric vehicle leasing in China

Crédit Agricole Personal Finance & Mobility has finalized a significant milestone by acquiring a 50% stake in GAC Finance Leasing...