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Finance
BANCO DELAUSTRO
Guillermo Talbot
General Manager
Sucre and Borrerp corner, Cuenca
Tel.: +593 7 2831 222, Fax.: +593 7 2831 067
www.bancodelaustro.com
Area of activity: Bank
Date of creation: 1977
Employees: 1200
Assets: $700 million USD
Banco del Austro was originally founded in Cuenca and
is now one of the largest financial institutions in the south-
ern region within the sector of medium sized banks in the
country. Its history goes back to the late 70’swhen a group
of enthusiastic entrepreneurs, formed by the well-known
families of Mora Vázquez, Peña Calderón and Eljuri An-
ton, came up with the idea to create the institution.
At the beginning of its operations on 28 November 1977,
Banco del Austro had a start-up capital of 31.5 million su-
cres and a building was rented which was located on Bo-
livar Street, between Calle Hermano Miguel and Mariano
Cueva.Determination, human capital and a philosophy of
trust have all contributed to making the bank the success
that it is today.
Currently, Banco del Austro is the seventh largest bank
in the country with $ 700 million USD in assets and 500
million USD in loans. The institution has 77 service offices
all around the country that offer a wide array of products
and services, combined with personalized attention and
technological support required by modern banking, as
well as 4000 service points, including 250 cashmachines.
It is the third most successful bank in terms of profitability
ratings. Offices are laid out in such a way that it provides
its customers with easy and secure access to services
enabling them to complete their transactions in total com-
fort and security.
One of Banco del Austro’s key aims is to be the leading
bank in providing services for foreigners and immigrants.
Currently, it has agreements with the USA (10 offices),
Italy (2 offices) and Spain (8 offices) and conducts its op-
erations through the Austro Financial Services group. It
also has 50 agreements with remittance companies and
is constantly looking for new expansion strategies in this
field.
Banco del Austro consistently tries to be innovative and
introduce the latest technologies to improve their range of
services. For example, there are automated offices called
“Austromático”, where all the services are automated.
This bank is an ideal partner for investors who wish to
create strategic alliances in Ecuador together.
Our bank is deeply rooted in the region of the south of
Ecuador, in the Austro, but with a vision to spread na-
tionwide, which has been constantly supported by large
industrialists and merchants in Cuenca. “
Eng. Guillermo Talbot
General Manager of Banco del Austro
BANCODEGUAYAQUIL(THEBANKOFGUAYAQUIL)
Guillermo Lasso Mendoza
Executive President
P. Icaza 107 and Pichincha, Guayaquil
Tel: +593 4 373 0100
Area of activity: Bank
Date of creation: 1923
Employees: 3000
Assets: $2500 million USD
The Bank of Guayaquil is the second largest bank within
the financial system of Ecuador, with over 87 years of
consolidated experience in providing financial solutions
to companies and individuals. The bank is highly respect
and well regarded in the Ecuadorian financial world
thanks to its solidity, liquidity and profitability.
The Bank of Guayaquil has many competitive advantag-
es: firstly it has a customer orientated strategy, a capacity
to identify individual client’s needs and an ability to cre-
ate adequate solutions, as well as focusing on product
and service innovation. The company has over 20 new
projects to be implemented within the upcoming 2 years.
Today, The Bank of Guayaquil has the largest network
of banking services in Ecuador, where more than 15 mil-
lion dollars worth of transactions are realized on a yearly
basis. It also has international coverage through its sub-
sidiaries in Spain and Panama, which allow The Bank of
Guayaquil to offer a wide array of financial services in an
immediate and efficient way to those Ecuadorian people
living outside the country. They also support the foreign
investment initiatives of local entrepreneurs. Within its
portfolio of credit cards, the Bank of Guayaquil manages
the following brands: Visa, Mastercard and has exclusivity
for American Express. The Bank of Guayaquil is the most
profitable bank in the country and guarantees up to 24%
return on investment, a rate that makes it competitive and
attractive for foreign investors.
The “Banco del Barrio” Project – Transforming positively
the life of Ecuadorian people
In February 2011, the “Banco del Barrio” or the “District
Bank” project of the Bank of Guayaquil gained first place