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Finance
2 years with all related guarantees. Thereby being the
best place for foreign investors interested in making
profitable investments in Ecuador.
The Guayaquil Stock Exchange allows investors to
place bond issue offers for a very long time and with
a very attractive return, being the source of a very safe
financing. “
Rodolfo Kronfle
President of the Stock Exchange of Guayaquil and
Decevale
CFN (National Financial Corporation)
Ing. Camilo Samán Salem
President
Juán León Mera 130 andAv. Patria CFN Building, Quito
Tel.: +593 2 256 4900 / 256 1030
www.cfn.fin.ec
Area of activity: Banking services
CFN, the National Financial Corporation of Ecuador de-
velopment bank is a public financial institution, whose
mission is to channel financial and nonfinancial products
in alignment with the National Plan of Good Living to serve
the country’s productive sectors.
Institutional action is set within the guidelines of theNation-
al Government programs and aims towards economic sta-
bilization and the revitalization of theEcuadorian economy.
Its actions and services are in line with national objectives,
providing the necessary support to productive sectors al-
lowing them to face foreign competition. The private sector
is stimulated to undertake major projects through modern
and sophisticated technological processes according to
the demands of the society and the globalization nature of
the contemporary world.
CFN has a wide network of independent and autonomous
branch offices nationwide, allowing them to serve custom-
ers far away from the major provincial capitals in the most
effective way possible.
Throughout its institutional history, CFN has consolidated
its reputation of serving productive sectors with the em-
phasis on micro and small businesses, providing them
with additional training and technical assistance, always
seeking to improve and enhance corporate governance
as a source of competitiveness in the medium and long
term.
The National Finance Corporation reaffirms the intention
of walking hand in hand with the macroeconomic policies
of the state, being a cornerstone of national development,
as well as creating jobs in order to benefit Ecuadorians.
The Risk Rating Committee No. 214-2010 Pacific Credit
Rating SAheld on December 23, 2010, rated the NFC as
A+ after analyzing their financial information on Septem-
ber 30, 2010.
BNF (National Development Bank)
Econ. AlexandraArias Granda
President
AntonioAnte Oe1-15 andAv. 10 deAgosto
Quito
Tel.: +593 2 2946 500
www.bnf.fin.ec
Area of activity: Development Bank
BNF, the National Development Bank of Ecuador, is also
a financial institution that aims to provide competitive fi-
nancial products and services acting as an executor of
the government’s financial policy to support productive
sectors within the local economy and to contribute to the
social and economic development of Ecuador. The core
strategic objective of the BNF is to be a role model in the
productive development of the country by reducingmigra-
tion, preventing family breakdowns and allowing people
to grow together for the mutual benefit of society.
Currently, BNF has 137 agencies around Ecuador that
provide a wide array of financial services:
• Opening of Current Accounts, SavingsAccounts
• Cancellation of checkbooks or checks
• Check Certification
• Investment Certificates
• Portfolio Recovery BEV
• Portfolio Recovery BNF
• Development Credits
• Micro credits
• Shipping and payment of money
• Retirement savings, customers same branch, among
others
With the aim of providing better services to Ecuadorian
citizens, the Bank began a restructuring process that is
based on two fundamental aspects: the implementation
of a new Human Resources Management division and
the implementation of a new process of management in
branches and agencies.
BNF has announced its intention to open new branches,
especially in theAmazon region.
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