More than 83% of the loan portfolio of the International Bank is allocated to the manufacturing sector and this is one of the figures that stands out after 50 years of institutional life. It began operations in Quito in 1973 with 19 employees, and currently has more than 1,300 employees and 73 offices located in 17 provinces across the country.

Among its initiatives, the financial entity emphasizes educational programs for children and young people, as well as sustainable finance; short-term, medium-term and long-term projects of carbon neutrality at the national level.

Banco Internacional to issue first $40 million blue bond to finance water and marine ecosystem management projects

In addition, it is mentioned that it became the first private institution in Latin America to issue blue bonds. In October 2022, the International Finance Corporation (IFC), a member of the World Bank Group, reported an agreement to subscribe up to $40 million in a blue bond to be issued by the International Bank in the country.

“Banco Internacional is proud to be the first private financial institution in the region to issue blue bonds. This new milestone reaffirms our commitment to sustainable financing and contributes to economic growth through environmentally responsible practices. We are sure that this transaction will open the door for more financial institutions to join this initiative, which, in addition to generating foreign exchange income for the country for sustainable purposes, energizes the stock market,” said then the executive president of the company … financial entity, Francisco Naranjo.

Banco Internacional increased its paid-up capital to USD 333,706,683 by 2022.

As stated by the entity, in these five decades prudent and transparent management of its depositors, operational efficiency and service that guarantees a satisfactory experience with clients have enabled it to position itself as a leader in the financial industry in ranking business reputation of Ipsos.

For the anniversary, Naranjo said that solid corporate management, together with more than 1,300 employees, is working “to be a bank that contributes to development through responsible growth” of business, creating shared value and supporting stakeholders. in transition towards a sustainable future.