Banco del Pichincha

Clasecuador led an effort to acquire a controlling interest in one of Ecuador's largest and most prestigious banks.
Although this venture represented a brief participation -lasting a little over a year- the joint venture marked a significant change of philosophy in Banco del Pichincha.

Grupo Clasecuador strengthened the human element of the bank by incorporating a young, and internationally trained staff with experience in globally prestigious banks.

Banco del Pichincha has made enourmous progress from that time until present. Furthermore, the recent financial crisis in Ecuador has significantly improved Banco del Pichincha's market share. This bank currently enjoys on of the best reputations nationally and regionally.