Produbanco (Banco de la Produccion SA): Best Bank Governance Ecuador 2019

Produbanco has been fostering economic development in Ecuador since its inception in 1978. With good corporate governance at the heart of its operations from day one, Produbanco has earned a reputation for principled business conduct and forward-looking compliance strategies. The bank carefully oversees the resources under its management, always ensuring that its governance is irreproachable, and that its risk-management practices identify, measure and analyse potential negative impacts. Produbanco limits board membership terms to two years, ensuring a regular influx of fresh thinking and fresh talent, all the while maintaining a laser-sharp focus. The bank’s enviable track record resulted in external financing from European multilaterals in 2018, further boosting its capacity to foster economic development. Produbanco offers products and services for the complete financial lifecycle of its customers, from saving accounts for individuals to credit lines and payroll services for corporate clients. Its organisational structure enables it to identify and adopt international best-practice, supporting customer segments and contributing to economic, social, and environmental sustainability. Produbanco is a member of the Promerica Group, one of Latin America’s leading financial service providers. Bank practices, products, and processes are standardised across the network for maximum impact across the region. Produbanco has a market presence in nine countries – Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Ecuador, the Grand Cayman and the Dominican Republic. The CFI.co judging panel cites the bank’s excellent solvency and profit margins as the final points to seal the deal: Produbanco takes the 2019 award for Best Bank Governance (Ecuador).