Articles
Business intelligence and analysis on Ecuador
Ecuador VAT Revenue Reaches $4.068B Through April
Ecuador collected $4.068 billion in VAT from January through April 2026, up 15% from $3.549 billion a year earlier. VAT represented about 46.5% of total tax revenue, while internal sales reached $53.903 billion in January-March, up 12%.
OIM Opens SME Fund Offering Up to $40,000 in Ecuador
The OIM Enterprise Development Fund opened a call for SMEs in Quito, Guayaquil, Cuenca, Manta, Ambato and Ibarra. Selected companies may receive $20,000 to $40,000 for expansion, innovation, productive strengthening and job creation.
BIESS Quirografario Loans Reach $1.963B Placement
BIESS has placed $1.963 billion in quirografario consumer loans through 1.18 million operations. The product offers up to $38,560 depending on reserve-fund and severance guarantees, with repayment terms of up to 60 months.
State Transfers $927M to IESS Pension Subsidy Through May
Ecuador transferred $927 million to IESS for the state 40% pension contribution from January through May 2026. The figure equals 34.53% of the $2.684 billion coded annual budget, with $306.5 million recognized but not yet paid.
Ecuador Country Risk Falls Below 400 for First Time Since 2014
Ecuador's country-risk indicator fell to 396 points on June 3, its lowest level since October 2014. The measure is down 96 points since the start of 2026 and 1,620 points since President Daniel Noboa took office.
Consumer Credit Expansion Drives Ecuador Auto-Sales Rebound
Ecuador's consumer-credit volume rose from $1.628 billion to $2.238 billion from January through April, a 37.4% increase. Auto-sector leaders say financing supports about 60% of new-vehicle sales and is driving the 2026 rebound.
Ecuador Budget Revenue Rises $2.303B Through May
Ecuador collected $12.220 billion in state-budget revenue through May 2026, $2.303 billion more than in the same period of 2025. Oil receipts nearly tripled to $1.239 billion, while tax collection supplied 65% of total income.
Banco Pichincha Reports 6.5M Customers and 82% Digital Transactions
Banco Pichincha says it now serves more than 6.5 million customers, equal to 37% of Ecuador's population, El Universo reports. The bank cites 82% digital transactions, $14.1 billion in productive-credit portfolio and $1.5 billion in sustainable project financing.
BIESS Returns 35 of 37 Closed Complementary Pension Funds to Original Administrators
BIESS restored administration of 35 of 37 closed complementary pension funds to their original administrators, El Universo reports. The process reduces administrative load tied to funds that the institution says had generated more than $500,000 in costs.
Ecuador Overdue Collections Portfolio Rises to About $2.5B, Asocob Says
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, according to Primicias reporting on Asocob. The association cites overindebtedness, labor instability and spending priorities as key factors behind household arrears.
Mortgage Disbursements Rise 22% in Q1 as Ecuador Housing Demand Indicators Improve
Mortgage disbursements grew 22% in the first quarter of 2026 compared with the same period in 2025, according to Primicias. Housing sales rose 12.5% in January-February, project visits rose 16%, and net reservations rose 23%.
CFN and IDB Sign $200M+ Credit Line for Ecuador SMEs, Targeting Amazon Bioeconomy Businesses
CFN and the IDB signed loan contracts on May 15 to channel more than $200 million to Ecuador's productive sector through the national financial system. The line targets SMEs, with resources oriented to Amazon bioeconomy businesses.