Expanding financing for housing
The IDB has approved a six-year US$50 million loan to Banco Pichincha, Ecuador’s leading commercial bank, to expand financing for housing, small businesses and microenterprises. “This operation will help us pursue one of our strategic goals, to bring new and better products to lower income groups who have traditionally had less access to formal financial services,” said Banco Pichincha General Manager Fernando Pozo. > Read more