Ecuadorian Banco Pichincha Opens Branches in Colombia

Posted on June 7, 2011 • Filed under: Business, Colombia, Economy, Ecuador

•The Ecuadorian Banco Pichina is planning to open branches in several Colombian cities such as Bogotá, Cali, and Medellín thus replacing the Inversora Pichincha S.A. Compañía de Financiamiento, the name used since 1994 per elcomercio.com.
•Banco Pichina is also planning to open branches in another 10 Colombian cities.
•According to the executive president of the bank in Colombia, they currently have 195, 000 customers.
•The bank is planning to provide customers with products and services as well as access to a transnational portal.
•The company has invested $20 million USD and has hired 220 more employees this year.
•This is part of an initiative to increase operations outside of Ecuador. Read Article

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