Banking in Ecuador
Banking in Ecuador has a long history. At the time of the dissolution of Gran Colombia and its formation as a republic, Ecuador's economy was generally not monetized; gold and silver coins were circulated, and were brought into common use by successive currency laws.[1] Little by little, with the growth of the nation, Ecuadorian banking also grew and was particularly centered on the city of Guayaquil. After the Liberal Revolution came a period called the Banking Plutocracy (Plutocracia bancaria) that was dominated by private banking, especially by the Commercial and Agricultural Bank of Guayaquil (Banco Comercial y Agrícola de Guayaquil). This period ended with the July Revolution (Revolución Juliana) of 1925.[2]
In 1998, Ecuador's banks faced the worst financial crisis in the country's history.
Major banks
[edit]The major banks today are the Banco Pichincha, Produbanco, Citibank and Banco de Guayaquil.
See also
[edit]
References
[edit]- ^ Superintendencia de Bancos y Seguros : superban.gov.ec - Historia (archived version of http://www.superban.gov.ec/pages/1_historia1.htm)
- ^ "Diario Correo : diariocorreo.com.ec - Archivo del 2007/06/18". Archived from the original on 2009-04-17. Retrieved 2009-10-20.
  | This bank and insurance-related article is a stub. You can help Wikipedia by expanding it. |
| Caribbean |  | |
|---|---|---|
| Central America | ||
| Middle America | ||
| South America | ||
Dependencies not included. Semi-autonomous territories are in italics. | ||
