Banco Internacional

Name

Banco Internacional

Legal name

Banco Internacional S.A.

Website

https://bancointernacional.com.ec

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Digital Banking & Neobank Platforms (BPAMAFAD)

Keywords

• Retail banking services
• Corporate banking solutions
• Consumer lending products
• Digital banking platforms
• Foreign trade finance

Headquarters

HQ city

Quito

HQ country

Ecuador

HQ region

Latin America

Offices28 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income from Lending: The bank earns interest income from various credit products including mortgage loans (up to 20 years), consumer loans (up to $100,000), vehicle financing (up to 90% of vehicle value), and commercial credits. Interest rates vary by product type and creditworthiness assessment.
2. Deposit and Account Fees: The bank generates revenue from various account-related fees including maintenance fees, transaction fees, and service charges. Some accounts have specific fee structures such as the digital debit card costing $1.57 plus VAT annually.
3. Investment Products: Fixed-term deposits (depósitos a plazo fijo) with interest rates up to 5.40% for personal investors and up to 8.30% for certain terms. The bank offers investment certificates with terms starting from 31 days and minimum investment of $500.
4. Card Transaction Fees: Revenue from credit card transactions, merchant services, and payment processing through card networks including Visa.
5. Foreign Trade Services: Commercial foreign trade services including documentary letters of credit, stand-by letters of credit, financing with exterior, and guarantees.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels9 records

Core offering

Banco Internacional is an Ecuadorian universal bank providing a comprehensive suite of financial products for individuals and businesses, including savings and checking accounts, consumer loans, mortgages, vehicle financing, commercial credit, debit/credit/prepaid cards, fixed-term deposits, foreign trade services, payroll processing, insurance, and electronic signature services. The bank distributes these products through an extensive nationwide branch and ATM network combined with digital channels including web banking (Banca Online), mobile apps (Banca Móvil), and a WhatsApp virtual assistant (Chip).

Product overview

Banco Internacional is a comprehensive Ecuadorian banking institution offering a unified platform of financial products and services. The core banking platform comprises digital channels (Banca Móvil app, Banca Online web platform, Banca Online Empresas for corporates) alongside traditional branch and ATM networks (Interbox). The deposit product suite includes savings accounts (Cuenta de Ahorros, Cuenta de Ahorro Rentable with up to 4.59% yield, Cuenta de Ahorro Programado for goals), and checking accounts (Cuenta Corriente, Cuenta Corriente Empresas). Lending products span consumer credit (Crédito de Consumo up to $100K), mortgages (Crédito Hipotecario up to 80% financing), auto loans (Crédito Vehicular up to 90% financing), and commercial facilities. Payment solutions include WIP instant transfers, credit/debit/prepaid cards (Visa, Mastercard), and the digital-first Zensational program for Gen Z. Trade finance services handle foreign commerce through documentary letters of credit and guarantees. Additional offerings include electronic signature, e-invoicing, payroll services, confirming supply chain finance, insurance products, and the Chip virtual assistant for customer service.

Differentiator

Problem solved

Functional benefit

Brands

• Zensational: Digital banking platform targeting Generation Z customers with discounts and mobile-first services
• Intermillas
• Interbox

Products and services

• Cuenta de Ahorros (Savings Account) Interest-bearing savings account for individuals with no commissions, includes Visa Debit card, accessible via digital and physical channels.
• Cuenta de Ahorro Rentable (High-Yield Savings Account) High-yield savings account offering up to 4.59% annual interest with unlimited withdrawals and monthly interest payments for individual customers.
• Cuenta de Ahorro Programado (Programmed Savings) Goal-based savings plan with monthly contributions starting at $50, minimum 12-month term, base rate of 1.00% with bonus up to 3.00% upon completion.
• Cuenta Corriente (Personal Checking Account) Personal checking account with checkbook access, Visa Debit card, and overdraft capabilities for day-to-day transactions, requiring minimum initial deposit of $500.
• Cuenta Corriente Empresas (Business Checking Account) Business checking account with optional checkbook, overdraft access, and integration with corporate banking platforms.
• Depósito a Plazo Fijo (Fixed-Term Deposit) Fixed-term deposit investment product for individuals with interest rates up to 5.40% (up to 8.30% via digital channel), terms starting from 31 days, minimum investment of $500.
• Certificado de Depósito (Certificate of Deposit) Certificate of deposit offering guaranteed returns with negotiable terms, can serve as collateral for bank loans.
• Crédito Hipotecario (Mortgage Loan) Mortgage loan for home purchase, construction, remodeling, or land acquisition with up to 80% financing including legal costs, up to 20-year terms.
• Crédito de Consumo (Consumer Loan) Personal consumer loan with amounts up to $100,000, terms up to 5 years, fixed interest rates between 12% and 24%, with approvals within 2-7 business days.
• Crédito Vehicular (Vehicle Loan) Auto financing with up to 90% financing for new vehicles, terms up to 72 months, fixed competitive rates, and full-term insurance included.
• Crédito Comercial (Commercial Credit) Commercial credit facilities for businesses including working capital and investment financing.
• Tarjetas de Crédito (Credit Cards) Credit card portfolio including Visa and Mastercard variants with various benefit tiers and reward programs for individuals.
• Visa Débito (Visa Debit Card) Visa debit card linked to savings or checking accounts for purchases, ATM withdrawals, and contactless payments.
• Tarjeta Prepago (Prepaid Card) Prepaid card option for controlled spending and gifting purposes.
• Tarjeta Digital (Digital Debit Card) 100% digital debit card immediately available in the mobile banking app, usable with Apple Pay and Google Pay.
• Tarjetas Corporativas (Corporate Cards) Corporate credit cards for business expenses with expense management capabilities.
• WIP Transferencias Interbancarias (WIP Interbank Transfers) Free instant interbank transfer service using recipient's mobile phone number as identifier, no account number required.
• Confirming (Supply Chain Finance) Supply chain financing solution allowing businesses to pay suppliers with extended payment terms.
• Pago de Nómina (Payroll Service) Payroll processing and disbursement service for corporate clients to manage employee payments.
• Carta de Crédito Documentaria (Documentary Letter of Credit) Documentary letter of credit service for international trade transactions, part of the Comex (Foreign Trade) platform.
• Carta de Crédito Stand-By (Standby Letter of Credit) Standby letter of credit for trade guarantees and payment assurances in international trade.
• Avales y Garantías (Bank Guarantees) Bank guarantees and sureties including Bancoldex guarantees for import/export operations.
• Zensational (Gen Z Banking Program) Digital-first banking experience targeting Generation Z customers with gamified account opening, discounts, and lifestyle integration.
• Banca Móvil (Mobile Banking App) Mobile banking application for 24/7 account management, enabling transfers, payments, and balance inquiries on iOS and Android devices.
• Banca Online (Web Banking) Web-based online banking platform for individuals to access accounts, perform transactions, and manage finances securely.
• Banca Online Empresas (Business Online Banking) Comprehensive online banking platform for corporate clients with cash management, payroll processing, and business financial tools.
• Firma Electrónica (Electronic Signature Service) Electronic signature service for digital document authentication and legally binding online agreements.
• Facturación Electrónica (Electronic Invoicing) Electronic invoicing solution for businesses to issue and manage digital tax documents.
• Pago de Servicios (Bill Payment Service) Bill payment service for utilities, insurance, and other recurring payments via digital and physical channels.
• Seguros (Insurance Products) Insurance products including life, property, and business coverage offered through bank channels.

Quantifiable outcome

• Up to 4.59% annual interest rate on profitable savings accounts
• +7 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability5 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core.

• LabXXIcoreStrategic or Co-development PartnerPartnership with LabXXI for education programs targeting youth and adolescents aged 16-20 who are not in education or employment. Programs include Colegios XXI and Comunidad XXI focusing on communication skills, entrepreneurship, leadership, and teamwork development.
• Enseña EcuadorcoreStrategic or Co-development PartnerCollaboration with Enseña Ecuador to develop and strengthen methodology and skills of teachers and school authorities across Ecuador, aiming for educational system transformation at all levels.
• Ministerio del Ambiente, Agua y Transición Ecológica (Ecuador)coreStrategic or Co-development PartnerActive participation in the Ecuador Carbono Cero Program (PECC) - a government initiative encouraging climate action from public, private, and mixed organizations.
• COSEDE (Corporación del Seguro de Depósitos)coreOthersDeposit insurance corporation providing coverage for deposits as mandated by Ecuadorian banking regulations. All deposits are protected through this mandatory government-backed insurance system.
• UAFE (Unidad de Análisis Financiero y Económico)coreOthersFinancial intelligence unit for anti-money laundering compliance. Bank participates in regulatory reporting and compliance with financial intelligence requirements.
• VisacoreTechnology or IntegrationCard network partnership enabling Visa debit and credit card services including contactless payments via Apple Pay and Google Pay.
• ApplecoreTechnology or IntegrationIntegration with Apple Pay for contactless mobile payments using Banco Internacional cards.
• GooglecoreTechnology or IntegrationIntegration with Google Pay for mobile payments and Google Play Store distribution of the Banca Móvil application.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Banco de Crédito del Perú (BCP): Peruvian universal bank with full retail, SME, corporate, and digital banking offerings. Comparable as a regional Latin American incumbent with similar digital and ESG transformation programs.
• BanColombia: Major Colombian commercial bank with Andean regional presence; comparable as a Latin American universal bank operating in the same broader region, though not directly competing inside Ecuador.
• Banco Internacional de Costa Rica (BICSA): Central American commercial bank focused on corporate and trade finance. Comparable as a regionally-named 'Banco Internacional' brand with trade finance and corporate banking expertise in Latin America.
• Davivienda: Colombian commercial bank with consumer, SME, and corporate banking plus digital channels. Comparable as a regional Andean peer in business model and digital transformation, though operating primarily in Colombia.

Direct peers

• Banco del Pacífico: Ecuadorian commercial bank with full retail and corporate offerings including deposits, lending, and digital banking. Comparable as a domestic full-service peer operating in the same regulatory environment.
• Banco Pichincha: Ecuador's largest private commercial bank, offering a similar full-stack of retail, SME, corporate, and digital banking products. Directly comparable in customer segments, branch footprint strategy, and product breadth in the same domestic market.
• Banco Guayaquil: Major Ecuadorian private commercial bank with a comparable nationwide branch network, retail/SME/corporate product suite, and digital channels (BG Móvil, online banking). Closest direct competitor on scale and positioning.
• Banco Bolivariano: Ecuadorian private commercial bank offering retail deposits, consumer and commercial credit, and digital banking services. Overlaps directly in mass-market consumer banking and SME lending.
• Banco de Machala: Regional Ecuadorian commercial bank serving retail and SME customers with deposits, loans, and digital channels. Comparable as a domestic mid-sized peer with similar product offerings.
• Produbanco: Ecuadorian private commercial bank serving individuals, SMEs, and corporates with similar deposit, lending, and trade finance products. Strong overlap in customer segments and product breadth in Ecuador.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/baninterec
• YouTubeyoutube.com/@bancointernacionalec
• Facebookfacebook.com/BancoInternacionalEcuador
• LinkedInlinkedin.com/company/banco-internacional-ecuador
• Instagraminstagram.com/bancointernacionalecuador
• TikToktiktok.com/@bancointernacionalec

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banco Internacional