Private banks

Banco Desarrollo de los Pueblos S.a., Codesarrollo

Balance sheet and official indicators reported to the Superintendencia de Bancos, as of July 31, 2026. The figures are the regulator's bulletin's: this profile orders them, it does not produce them.

Risk rating: A as of December 2025, by Class International Rating, as published by the Superintendencia de Bancos.

RUC: 0990247536001

Assets: $310.3 M
Public deposits: $239.6 M
Loan book: $203.7 M
Period result: $557 k

What its balance sheet is made of

As of July 31, 2026

Where the money is placed

Loan book $203.7 M 65.6%
Investments $62.4 M 20.1%
Available funds $26 M 8.4%
Rest of the assets $18.3 M 5.9%

Where it comes from

Sight deposits $107.7 M 34.8%
Term deposits $129.6 M 41.8%
Financial obligations $20.2 M 6.5%
Own equity $38.7 M 12.5%
Other liabilities $13.6 M 4.4%

The two bars answer the two questions of any balance sheet. The first, where the money is placed: credit lent out, investments in paper and the cash available to respond immediately. The second, where it comes from: what the public deposits at sight or at term, what the institution owes other institutions and what is its own capital.

The proportion between sight and term says a lot about the funding: term deposits are more stable but cost interest; sight deposits are nearly free but can leave tomorrow. And on the asset side, the more the loan book weighs against the investments, the deeper the balance sheet sits in the business of lending.

So far this year it carries income of $24.2 M against expenses of $23.6 M: that is where the headline result of $557 k comes from.

Who it lends to

Gross loans $226.4 M

Consumer $94 M 41.5% Segment delinquency: 8.0%
Microcredit $67.3 M 29.7% Segment delinquency: 21.8%
Real estate $37.2 M 16.5% Segment delinquency: 0.6%
Productive $27.2 M 12.0% Segment delinquency: 0.1%
COVID-19 refinanced and restructured $675 k 0.3%

Credit is not one thing: the bulletin breaks it down by segment, each with its risk and its price. Here the consumer segment dominates, with 41.5% of the placed loans.

Each segment's delinquency, computed by the supervisor, shows where it gets paid well and where not: productive credit tends to fail little, consumer lending and microcredit more, and that difference is what explains the price each borrower pays.

Gross loans by segment (accounts 14xx of the balance sheet, before provisions): that is why the sum, $226.4 M, differs from the net loan book in the header, $203.7 M.

The official indicators

Computed by the Superintendencia de Bancos

This page does not compute these 15 indicators: the supervisor itself publishes them with its methodology, and here they are ordered the way an analyst reads them, from solvency to liquidity. Each carries its explanation, its formula and its subsystem's aggregate figure alongside, for comparison. None is a grade or a rating: they are photos of one specific month, best read together and in context.

Solvency

Net capitalization index 10.4% The institution’s capital cushion, adjusted for non-earning assets: how much free equity remains per 100 dollars of assets once the unproductive deadweight is discounted. FK ÷ FI, per the supervisor’s methodology · its subsystem as a whole: 9.1%
Nonperforming loans over equity 58.0% How much of the equity would be consumed if the whole damaged loan book proved uncollectible and no provisions existed. It measures how heavily delinquency weighs against own capital. Nonperforming loans ÷ equity · its subsystem as a whole: 22.2%
Equity over immobilized assets 299.1% How many times equity covers the assets that generate no income (delinquency, foreclosed goods, premises). Above 100%, own capital absorbs everything immobilized. (Equity + results) ÷ immobilized assets · its subsystem as a whole: 401.0%

Loan book quality

Total loan delinquency 9.9% Of every 100 dollars lent, how many are past due or have stopped earning interest. It is the most direct measure of loan book quality. Nonperforming loans ÷ gross loans · its subsystem as a whole: 3.1%
Coverage of problem loans 101.4% How much money the institution has provisioned against troubled credits. Above 100% means provisions cover that entire book. Provisions ÷ nonperforming loans · its subsystem as a whole: 213.4%
Earning assets over the total 89.5% How much of the assets generate income (healthy loans and investments) against the part that does not: offices, goods received in payment or loans in arrears. Earning assets ÷ total assets · its subsystem as a whole: 92.4%

Profitability

Return on equity (ROE) 2.5% How much the institution has earned so far this year per 100 dollars of its owners’ or members’ equity. Period result ÷ average equity · its subsystem as a whole: 14.0%
Return on assets (ROA) 0.3% The same measured against everything the institution manages, own or third-party: how much every 100 dollars of assets yields. Period result ÷ average assets · its subsystem as a whole: 1.4%
Intermediation margin over assets -0.8% What the pure business of taking and lending leaves, operating cost already paid, per 100 dollars of assets. It can be negative when operations cost more than the financial margin yields. Estimated intermediation margin ÷ average assets · its subsystem as a whole: 1.2%

Efficiency

Operating cost over margin 128.0% How much of the margin the financial business leaves gets consumed in salaries, offices and technology. Near 100% means operations eat the margin. Operating expenses ÷ financial margin · its subsystem as a whole: 74.5%
Operating cost over assets 3.8% The cost of keeping the institution running, measured against its size: how many dollars of annualized operating expense per 100 of assets. Estimated operating expenses ÷ average assets · its subsystem as a whole: 3.6%
Personnel cost over assets 2.1% The share of that cost that goes to payroll. Compared among institutions of the same size, it shows who runs heavier structures. Estimated personnel expenses ÷ average assets · its subsystem as a whole: 1.1%

Liquidity and funding

Immediate liquidity 17.7% What share of the deposits that can be withdrawn at any moment it could serve today with the cash it has available. Available funds ÷ short-term deposits · its subsystem as a whole: 17.8%
Financial intermediation 95.4% How much of what the institution takes in deposits it has turned into loans. It is the pulse of its trade: gathering savings to lend them. Gross loans ÷ sight and term deposits · its subsystem as a whole: 88.9%
Yield of the performing loan book 14.8% The effective rate the healthy loan book is yielding the institution: the average price at which its credit is placed. Income from performing loans ÷ average performing loans · its subsystem as a whole: 11.1%

The full balance sheet (assets $310.3 M, liabilities $271 M, equity $38.7 M) satisfies the bulletin's accounting identity: the period result, $557 k, is exactly assets minus liabilities minus equity.

See the whole financial system, banks and cooperatives side by side

Its historical series

2014–2026

Assets · year-end close (millions)

120

310

2014 2017 2020 2023 2026

See the full series

2014: 120
2015: 141
2016: 160
2017: 168
2018: 169
2019: 179
2020: 204
2021: 232
2022: 241
2023: 248
2024: 280
2025: 338
2026: 310

Public deposits · year-end close (millions)

86.7

240

2014 2017 2020 2023 2026

See the full series

2014: 86.7
2015: 92.8
2016: 115
2017: 124
2018: 121
2019: 121
2020: 144
2021: 168
2022: 166
2023: 159
2024: 188
2025: 259
2026: 240

Loan book · year-end close (millions)

93.5

204

2014 2017 2020 2023 2026

See the full series

2014: 93.5
2015: 102
2016: 112
2017: 128
2018: 127
2019: 135
2020: 137
2021: 162
2022: 178
2023: 186
2024: 193
2025: 207
2026: 204

The three curves together tell the bank's biography: how its size grew, how much of that expansion the public financed with its deposits and how much ended up turned into credit. When the three move in step, the business is the classic one of intermediating; when they part ways, something changed in the model.

Series harmonized by the Superintendencia de Bancos to the current chart of accounts, so the years are comparable with each other.

Where its deposits sit

16 cantons · 136,037 accounts

Quito Pichincha $65.1 M
Cuenca Azuay $36.8 M
Ambato Tungurahua $34.5 M
Latacunga Cotopaxi $21.9 M
Loja Loja $16.3 M
Lago Agrio Sucumbios $15.2 M

The Superintendencia's territorial report breaks down each bank's deposits by canton. Banco Desarrollo de los Pueblos S.a., Codesarrollo holds public deposits in 16 cantons, spread across 136,037 accounts; above, the cantons where it holds the most.

Tax status (SRI)

updated September 2, 2026

RUC status: Active

Phantom taxpayer: No
Nonexistent transactions: No

Tax regime: General regime The set of rules under which it files its taxes
Required to keep accounting books: Yes
Withholding agent: Yes When paying third parties, it withholds taxes and remits them to the SRI
Special taxpayer: Yes Designated by the SRI for its size, with additional filing obligations
Start of activities: April 6, 1972

Establishments · 21 registered, 21 open

HEAD OFFICE Pichincha / Quito / Belisario Quevedo / Ladron de Guevara E13-408 y Barcelona Open
Cotopaxi / Latacunga / Eloy Alfaro (San Felipe) / Av. Cinco de Junio 5719 y Rio Langoa Open
Pichincha / Quito / Cotocollao / Principal Oe16-40 y Secundaria Open
Bolivar / Guaranda / Gabriel Ignacio Veintimilla / Convencion 1884 y Isidro Ayora Open
Sucumbios / Lago Agrio / Nueva Loja / Doce de Febrero 267 y Diez de Agosto Open
Imbabura / Ibarra / Sagrario / Oviedo 1118 y Luis C. Borja Open
Chimborazo / Riobamba / Veloz / Tarqui 18-24 y Chile Open
Manabi / Portoviejo / 18 de Octubre / Ramos Iduarte S/N y Av Reales Tamarindo Open
Azuay / Cuenca / Huaynacapac / Av. Federico Malo 1203 y Tadeo Torres Open
Loja / Loja / Valle / Av. Nueva Loja S/N y Yaguachi Open
Orellana / Orellana / Puerto Francisco de Orellana (El Coca) / Av. Alejandro Labaca S/N y Antonio Cabrera Open
Tungurahua / Ambato / Ambato / Av. 12 de Noviembre 12 21 y Ayllon Open
Santo Domingo de los Tsachilas / Santo Domingo / Zaracay / Av. Quito 512 y Chorrera de Napa Open
Carchi / Montufar / Gonzalez Suarez / Colon O2-67 y Montufar Open
Imbabura / Pimampiro / Pimampiro / Bolivar 7036 y Imbabura y Ayacucho Open
Loja / Pindal / Pindal / Isidro Ayora S/N y Loja Open
Pichincha / Quito / Guamaní / Av. Vicente Maldonado S55-229 y LC2 S55a Open
Pichincha / Quito / Yaruqui / Simon Bolivar 777 y Eugenio Espejo Open
Pichincha / Quito / Calderon (Carapungo) / Av Geovani Calles N7-34 y Calle 1 T a Open
Guayas / Guayaquil / Ximena / Maracaibo 704 y Entre Mexico Ywashington Open
Pichincha / Quito / Itchimbia / Mallorca N24-275 y Coruña Open

Tax status according to the public records of the SRI (Servicio de Rentas Internas, the national tax authority). The risk designations are the SRI’s, not a rating by this site: phantom taxpayer means the SRI considers the company to have no real activity at its declared address, and nonexistent transactions means it invoiced operations the SRI determined never took place.

Where it operates

It has 21 open establishments across 14 provinces.

1 6

Provinces with a presence

Pichincha head office 6 locations
Imbabura 2 locations
Loja 2 locations
Cotopaxi 1 location
Bolivar 1 location
Sucumbios 1 location
Chimborazo 1 location
Manabi 1 location

The eight with the most locations are listed; the map shows them all.

Establishments declared to the SRI (Servicio de Rentas Internas, the national tax authority), updated 2026-09-02. The location is the province and canton on record, not each site’s exact address.

How to read this profile

Source: the financial bulletin of the Superintendencia de Bancos, as of July 31, 2026. Assets are account 1 of the balance sheet; deposits, obligations with the public (account 21); loans, account 14 (net of provisions; the segment breakdown uses gross 14xx accounts). Indicators are the ones published by the supervisor itself, shown as is; the one comparing equity against immobilized assets is omitted when those assets turn negative and the quotient loses meaning. Balances change every month: this profile updates with each new bulletin.

The RUC matches the SRI's public RUC registry, which is also where the tax status and the establishments come from: they are the institution's fiscal record, distinct from its supervisor's bulletin, which is why they may not say the same. The registry does not publish the special regime, the reason for a suspension or the phantom-taxpayer and nonexistent-transaction designations: those fields are omitted rather than assumed.

Financial information from the public bulletins of Ecuador's superintendencies · where this data comes from