Banco de Machala was founded in 1962 by Dr. HC Esteban Quirola and since then has become a support for thousands of Ecuadorians striving to achieve their dreams and goals.

For more than six decades, it has been effectively directing its resources towards those productive sectors that require financing and that stimulate the country’s economy through profitable projects.

Banco de Machal’s current vision is aimed at promoting economic and social progress, through the development of sustainable and inclusive financial products and services that ensure the well-being of all.

ISO 37001 Anti-Bribery Management System

The Spanish company AENOR awards the Banco de Machala (BM) Certificate for the application of ISO 37001:2016 Anti-Bribery Management System. In this way, it promotes transparency in each of its internal processes and in the services it offers to its clients or financial users. It now has a virtual and physical mailbox for ethics and transparency in its agencies.

Signing of the Protocol on Sustainable Financing 2.0.

The WB renews its commitment to the environment by signing the Ecuadorian Protocol on Sustainable Financing, which promotes gender equality, inclusion and financial health in disaffected or underserved groups, with strategies, projects, policies and products that have a positive impact on ecosystem conservation and social development.

Alliance CFN BP – Banco de Machala

BM continues to provide solutions to facilitate access to its production loans, which offer the possibility of accessing a partial credit guarantee, through the National Guarantee Fund CFN BP

Signing of the contract on the ARIT project

Corpei, with co-financing with the European Union, selected Banco de Machala as the only winning bank of the Más Ecuador Circular Inclusivo (+ECI) initiative, which aims to promote circular economies in the manufacturing sector.

This recognition will enable the financing of software that digitizes the risk assessment of guarantees and assets and will facilitate environmental impact assessment and its continuous monitoring.

57th annual assembly of FELABANA 2023

Banco de Machala represented Ecuadorian financial institutions by participating in the panel “The Future of Payments and Innovative Solutions for the Movement of Money”, organized by Visa as part of the 57th Annual Assembly of FELABAN 2023.

The Econ. María Eugenia Navarrete, executive president of Banco de Machala, was one of the speakers who shared the contribution of Visa Agro, the first credit card specialized in the agricultural sector in Ecuador. An innovative financial solution that provides liquidity, greater cost control and exclusive benefits in branches.

Amazon always, IDB INVEST 2023

Banco de Machala is proud to be one of the founding financial institutions of the IDB Group Amazonía Siempre program. This alliance aims to form a financial network that promotes job creation, through sustainable financing of micro, small and medium enterprises in the Amazon region.

New agro visa

Visa Agro is the first credit card specialized in the agricultural sector in Ecuador. As of November 2023, it has generated more than $5 million in portfolio and has more than 40 strategic partners offering agricultural inputs, machinery and equipment, fertilizers and fungicides, among others, contributing to the value chain.

New Kipit Visa from Banco de Machal

Visa Kipit from Banco de Machal is the first credit card to boost the real estate sector in Ecuador. It provides loans with reduced payments to Ecuadorian families who have just bought a house and need to adapt it. The alliance was created with kipit.shop, a market that offers household appliances, furniture, decoration and much more, at distributor prices.

BM promotes the culture of savings

Programmed savings is a new service of Banco de Machala, which seeks to promote a culture of savings in Ecuadorians so that they can achieve their goals. In just three months, more than 1,500 accounts have been accumulated, which shows that it is possible to promote the financial health of our clients.

AAA Rating – Pacific credit rating

The region’s most prestigious risk rating agency, Pacific Credit Rating, has assigned a AAA rating to recognize Banco de Machala’s trajectory. There are 61 years of stability, profitability, support and sustainability.

Sports sponsorship of the Banco de Machala Stadium

Banco de Machala, as the official sponsor of Orense Sporting Club, continues to support sports initiatives by signing an agreement so that the commercial name of Orense’s home is Estadio Banco de Machala.

New agency El Recreo

To provide more personalized attention in the south of Quito, BM has opened a new agency in El Recreo shopping center, located on Av. Pedro Vicente Maldonado S11-122.

Now its customers will be able to access consumer loans, productive loans, credit cards, among other financial services. Plus, it has a virtual office outside, so you can always make balance inquiries, cash advances, cash or check withdrawals and deposits, pay for essential services, and more.

Top 10 – banks with the most assets

Banco de Machala is among the top 10 banks with the largest assets in Ecuador, according to Asobanca – Forbes Ecuador Magazine. “This achievement is the result of our continued commitment to excellence and quality service, thanks to the trust placed in us by our clients,” says BM.