Articles
Business intelligence and analysis on Ecuador
Banco del Pacífico Targets $1 Billion in New International Financing After Landmark $500M JP Morgan Deal and $225M CAF Guarantee
Banco del Pacífico disclosed plans to raise an additional $1 billion in international financing during 2026, building on a landmark $500 million facility from JP Morgan -- the US bank's first-ever transaction in Ecuador -- and a $225 million partial guarantee from CAF earmarked for SME lending. The state-owned bank reported 2025 net profit of $206 million, up 30% year-on-year, and placed over $1 billion in productive-sector loans.
World Bank Forecasts Ecuador GDP Growth at 2% for 2026, Among Slowest in Latin America
The World Bank projects Ecuador's GDP will grow approximately 2% in 2026, broadly in line with forecasts from the IMF (2.0%), BCE (1.8%), and CEPAL (2.1%). The rate places Ecuador among the slower-growing economies in Latin America, with inflation expected at 2.8-3.2% and a projected trade surplus of $7.647 billion.
Ecuador Returns to International Bond Markets With Record $4B Sale, Moody's Upgrades Two Notches
Ecuador sold $4 billion in new sovereign bonds on January 26 -- its first international issuance since 2019 -- drawing $18 billion in demand from over 340 investors. Moody's responded with a two-notch upgrade to Caa1, while a simultaneous $3 billion buyback will save $698 million in 2026 debt service.
Banco Pichincha's Digital Unit Crosses 3 Million Users as Mobile Lending Triples
Banco Pichincha's digital banking platform has surpassed 3 million active users, with mobile-originated lending tripling to $420 million in 2025 as Ecuador's largest financial institution accelerates its technology transformation.
Ecuador Sovereign Bonds Rally to Post-Restructuring Highs on Fiscal Discipline Signals
Ecuador's restructured sovereign bonds have rallied sharply in early 2026, with the benchmark 2035 notes trading at 78.5 cents on the dollar -- their highest level since the 2020 debt overhaul -- as investors reward fiscal consolidation efforts.