Banco FINCA: Best Social Impact Bank Ecuador 2019

An integral part of FINCA’s global impact finance network, Banco FINCA Ecuador helps low-income, under-banked families with microfinancing solutions that create jobs and encourage asset accumulation. FINCA sees microfinance and fintech as effective tools in the fight for inclusion. Since its launch in 1993, Banco FINCA Ecuador has championed responsible finance practices. The bank became a fully-fledged licensed bank in 2008, and its services range from savings accounts and investment solutions to group and individual microcredit. Banco FINCA Ecuador benefits from a team of dedicated professionals who canvas the country — including hard-to-reach areas — to ensure that everyone is offered financial access. The bank also reports progress for entrepreneurial empowerment, with women representing 60 percent of clients and 70 percent of approved credit going to customers in rural areas. Banco FINCA Ecuador has caught the attention of the CFI.co judging panel in previous awards programmes, and the judges note its sustainable progress. After a rigorous review of business processes and policies, the bank achieved SMART Certification and demonstrated its commitment to Client Protection Principles. In 2018, Banco FINCA Ecuador sponsored nearly 1,000 hands-on workshops to target financial literacy for age groups ranging from five to 65-plus years. It reached even more people through its digital financial literacy campaigns. Banco FINCA Ecuador deploys proactive outreach and thorough research to dovetail product development along with customer demand. For its ongoing efforts to improve livelihoods through responsible finance, the judges present Banco FINCA with the 2019 award for Best Social Impact Bank (Ecuador).

marten

Recent Posts

Dubai World Trade Centre: Champion of Global Business and Trade Ecosystems EMEA 2025

For over four decades, Dubai World Trade Centre (DWTC) has been a cornerstone of Dubai’s…

1 week ago

Krungthai Bank PCL: Best Social Impact Bank Thailand 2025

Krungthai Bank PCL plays a pivotal role in driving sustainable economic and social development in…

2 weeks ago

Région Île-de-France: Best Green Bond Thought Leadership Team Global 2025 & Best in Class Bond Issuer Global 2025

Région Île-de-France demonstrates a steadfast commitment to sustainable finance, playing a pioneering and influential role…

1 month ago

Spectrum Asset Management: Excellence in Preferred Securities Portfolio Management Global 2025

Spectrum Asset Management is a leading institutional manager specialising in preferred and capital securities, with…

1 month ago

Moody’s Ratings: Best Credit Risk Analysis LATAM 2025

Moody’s Ratings is a globally recognised leader in credit ratings, research and risk analysis, with…

1 month ago

La Trobe Financial: Best Investment Management Team Australia 2025

La Trobe Financial has cemented its reputation as Australia’s premier alternative asset manager, demonstrating a…

2 months ago