Daily coverage from across the country, written for the expat community
Results for “banking”Clear
U.S. Secretary of State Marco Rubio announced the designation of Ecuador’s Chone Killers as a foreign terrorist organization and specially designated global terrorist. Ecuador’s Foreign Ministry thanked the United States for the backing.
Ecuador’s banking system added more first-time credit card users in 2025, with 4.63 million cards recording consumption. The trend matters for residents building local financial history.
Asobanca says Ecuador’s private banks will keep major service channels available during the June 26 national holiday. Branches, digital banking, ATMs and non-bank correspondents are expected to operate.
Ecuador’s cooperative sector is still being cleaned up, with 38 credit cooperatives in forced liquidation as of May 5, 2026. Ambato, Quito and Cuenca account for most of the liquidation processes, while rising delinquency continues to pressure smaller institutions.
Ecuador now has 393 institutions in the popular-and-solidarity finance market, including 387 savings and credit cooperatives. Segment 1 cooperatives hold more than $24.6 billion in assets, about 31% of private-bank assets, and the largest cooperatives now rank among the country's biggest financial institutions.
Ecuador’s country-risk indicator closed at 386 basis points on June 12, the lowest level reported since September 30, 2014. The drop signals improved market confidence, though it does not immediately change day-to-day costs for residents.
Primicias reports that Ecuador's overdue financial-system portfolio managed by collection firms has risen from about $1.6 billion before Covid-19 to about $2.5 billion today, according to Asocob.
The Battle of Pichincha holiday falls on Sunday in 2026, so Ecuador's mandatory rest day shifts to Monday, May 25. Expreso reports the country will have a three-day weekend, with no Friday transfer.
Banco Pichincha went from $42M to $88M in profits. Banco del Pacífico: $46M to $84M. The president posted the numbers on X and questioned who benefits from the crisis narrative.
The Superintendencia de Bancos just published a list of 14 unlicensed organizations illegally collecting money from the public. They promise high returns in short timeframes. Last year alone, 60 similar entities were detected.
A threat actor published 17 million records from Ecuador's ANT, including cédula numbers, addresses, phone numbers, and vehicle details. The agency hasn't acknowledged the breach. Here's what was exposed and what to do.
A young woman was abducted in Urdesa after boarding what appeared to be a legitimate ride-share vehicle. Three attackers forced her to unlock her banking apps via facial recognition, drained over $1,000, and demanded $500 more for her release.
