The Quito Stock Exchange (BVQ) received the Banco Pichincha Award for its trajectory in the Ecuadorian stock market, consolidating itself as the financial entity with the largest issuance in the market, having placed $3.3 billion since 1995. In addition, the Bank, an active member of the BVQ for 53 years, was a pioneer in issuing thematic bonds.

For Diana Torres, president of BVQ, Banco Pichincha is continuously strengthening the Ecuadorian stock market, not only in fixed income instruments, but also in variable income instruments by listing its shares on the stock exchange.

Banco Pichincha, among the entities with the best microfinance management in the region

For this reason, BVQ noted that in 2019, Banco Pichincha became the first institution to issue $150 million in green bonds, strengthening the delivery of bio-credit to more than 30,000 clients. These actions promoted sustainable investments and the development of a more sustainable economy in the country, the stock exchange announced.

In addition, in 2022, this banking institution was the first to issue a social gender bond in the amount of 100 million dollars, which strengthened its leadership in the field of inclusion and support of women entrepreneurs, and as a result, six out of ten microcredits were awarded to women. This initiative had important allies such as the Inter-American Development Bank -IDB Invest- and the International Finance Corporation (ICF) of the World Bank.

Banco Pichincha was recognized for promoting gender equality practices

Regarding this type of bond, Santiago Bayas, General Manager of Banco Pichincha, who was present during the awards ceremony, pointed out: “We are pioneers in Ecuador in this type of business, leading the way for other similar transactions. We are committed to promoting sustainable business and investment, as well as supporting women entrepreneurs through the gender bonus”.

For his part, the president of the financial institution, Antonio Acosta, commented that “inspiring and rewarding trust has become an institutional purpose based on three fundamental pillars such as sustainability, trust and innovation. This recognition confirms our commitment to continue strengthening the financial and economic system of the country”.