Banks and cooperatives: Ecuador’s financial system in figures

Of every 100 dollars in system assets

67% private banks 24.8% cooperatives 7% public banks 1.2% mutuals

Private banks dominate in size, but the scale of the cooperative world surprises anyone who only watches banks: Juventud Ecuatoriana Progresista Limitada, with $3,623 M in assets, would be the country's bank number 8 if measured on that ranking. And it is not an isolated case: the 44 segment 1 cooperatives concentrate $24,791 M, 82% of all cooperative money.

The deep difference is risk: delinquency in the bank loan book runs at 3.1%, while in segment 1 cooperatives it reaches 8.2% and in segment 3, 7.9%. Lending where banks do not reach has its price, and these bulletins measure it month by month.

Public banks appear in the table and get their own block further down, because their trade is not comparable; second-tier entities, which finance the cooperatives, sit apart and outside every total. Segments 4 and 5 carry their quarterly cutoff in plain sight. The only absentee is the IESS bank, for a reason explained in the methodology note.

The ten largest, by assets

• Banco Pichincha $22,807 M Deposits $19,170 M · loans $13,238 M · delinquency 3.8%
• Banco Pacifico $10,941 M Deposits $7,334 M · loans $6,504 M · delinquency 2.7%
• Banco Guayaquil $10,736 M Deposits $8,443 M · loans $7,237 M · delinquency 2.4%
• Produbanco $9,463 M Deposits $7,530 M · loans $6,423 M · delinquency 2.8%
• Banco Bolivariano $6,566 M Deposits $4,947 M · loans $4,379 M · delinquency 1.4%
• Banco Internacional $6,371 M Deposits $5,255 M · loans $4,424 M · delinquency 1.6%
• Banco Austro $3,709 M Deposits $3,189 M · loans $1,961 M · delinquency 3.9%
• Banco Diners $3,269 M Deposits $1,848 M · loans $2,381 M · delinquency 6.1%
• Banco General Rumiñahui $1,523 M Deposits $1,263 M · loans $964.2 M · delinquency 3.3%
• Banco Machala $1,324 M Deposits $1,081 M · loans $851.9 M · delinquency 2.7%

Banco Pichincha concentrates 27.9% of the assets of all private banking, more than one of every four dollars. The system as a whole returns 14.0% on equity and keeps delinquency at 3.1%, but the differences between institutions are large, and that is the point of looking at the detail: among the big ones live delinquency rates of 1.4% and of 6.1%.

This page does not compute the indicators: they come from the Superintendencia's own bulletin, with its published methodology. Delinquency is nonperforming loans over total loans; profitability, the period's results over average equity.

The ten largest, by assets

• Juventud Ecuatoriana Progresista Limitada $3,623 M Deposits $3,117 M · loans $2,074 M · delinquency 6.5%
• Jardin Azuayo Limitada $2,493 M Deposits $2,139 M · loans $1,185 M · delinquency 5.7%
• Alianza del Valle Limitada $1,577 M Deposits $1,363 M · loans $949 M · delinquency 7.8%
• Policia Nacional Limitada $1,449 M Deposits $1,274 M · loans $1,009 M · delinquency 16.0%
• 29 de Octubre Ltda $1,087 M Deposits $971.7 M · loans $766.4 M · delinquency 9.5%
• Fernando Daquilema Limitada $829.7 M Deposits $718.7 M · loans $522.5 M · delinquency 6.1%
• San Francisco Ltda $796.7 M Deposits $650.2 M · loans $402.8 M · delinquency 5.1%
• Cooprogreso Limitada $792.3 M Deposits $680.3 M · loans $432.1 M · delinquency 15.5%
• Andalucia Limitada $746.8 M Deposits $620.9 M · loans $393.7 M · delinquency 7.8%
• Mushuc Runa Ltda $721.1 M Deposits $611.8 M · loans $421 M · delinquency 9.6%

The cooperative world is a five-story pyramid: 44 segment 1 institutions (the sector's largest) concentrate $24,791 M, while 66 in segment 2 add up to $3,923 M and 92 in segment 3, $1,568 M. At the base, segments 4 and 5 add 165 small cooperatives with $672.7 M in assets: they report quarterly and their cutoff sits at Mar 2026, so their figures accompany the monthly ones without being added to them.

At the top, Juventud Ecuatoriana Progresista Limitada and Jardin Azuayo Limitada move more deposits than most banks in the country. The four housing mutuals complete the picture with $1,464 M in assets.

• Corporacion Financiera Nacional $3,830 M Deposits $936.3 M · loans $760.5 M · lends 0.8 times what it takes in
• Banco de Desarrollo del Ecuador $2,432 M Deposits $510.4 M · loans $1,598 M · lends 3.1 times what it takes in
• Banecuador $2,234 M Deposits $1,713 M · loans $1,166 M · lends 0.7 times what it takes in

3 public institutions add up to $8,496 M in assets, 7.0% of the whole system. But their trade is different: they do not live off taking deposits to lend them, but off financing what the market will not, funded by the State. That is why their figures sit apart and never inside the private banking totals.

Comparing what they lend against what they take in shows it at a glance: where a commercial bank moves close to balance, here one institution lends three times what is deposited with it and another lends less than it holds. Reading their delinquency or profitability with the yardstick of commercial banking would be a mistake.

Public institutions bulletin of the Superintendencia de Bancos, cutoff of July 31, 2026.

Behind the cooperatives there is another floor, the one almost nobody looks at: 2 entities with $1,296 M in assets that serve not the public but the cooperatives themselves. The central fund holds their surplus liquidity and lends it among them; the public corporation gives them credit so they can lend.

Their figures sit apart and are not added to any total on this page, not out of caution but out of arithmetic: that money is already counted in the balance sheet of the cooperative that made the deposit or took the loan. Adding it would count the same dollar twice.

Each institution's period result derives from its own balance sheet (assets minus liabilities minus equity). In the cooperative world the contrast is stark: 2 of 44 lose money in segment 1, but 21 of 92 in segment 3, nearly one in four. Scale gives cushion, though not in a straight line: segment 4 holds up better than 3, and among the banks there are also 2 in the red.

Losing money one period condemns nobody, least of all a small cooperative in expansion. But the aggregate pattern does say something about the system, and the regulator knows it: that is why it segments supervision by size. Each block is measured at its own cutoff, and each institution has its profile with the detail.

Deposits · June 2026

$40 M $29,368 M · logarithmic scale

Pichincha holds $29,368 M (45.9% of the country's bank deposits) and Guayas, $17,344 M (27.1%). The rest of the country splits what remains.

Loan book · July 2026

$688 k $22,787 M · logarithmic scale

Credit does not always live where the savings do: hovering over each province shows its two faces, what it deposits and what it owes. The loan book adds the consumer, productive, microcredit, housing and education segments.

BanEcuador's loan book · July 2026

$9.1 M $216 M

It is the most extensive banking network in the country: 126 cantons with loans, against the 94 of the private bank that reaches furthest. It lends $1,391 M, mostly rural microcredit, and takes $1,488 M across 2,460,585 accounts. In 37 cantons it is the only bank receiving deposits: 322,420 accounts holding $177.3 M.

The cantons where the public bank lends more

• Celica Loja $16.1 M · private $0
• San Miguel de los Bancos Pichincha $15.5 M · private $4 M
• Nangaritza Zamora Chinchipe $14.7 M · private $0
• Pedro Carbo Guayas $12.3 M · private $0
• Pangua Cotopaxi $12.2 M · private $0
• Arenillas El Oro $12 M · private $3.3 M
• San Lorenzo Esmeraldas $12 M · private $9.5 M
• Zapotillo Loja $10.4 M · private $0

Each canton's public credit against the sum of all private banks in that same canton. Where they mark zero, private banking has no loan book.