ProCredit Ecuador Bank

What ProCredit Ecuador Bank does

ProCredit Ecuador Bank (Banco ProCredit S.A.) is a Quito-based, 100% digital development-oriented commercial bank founded in 2001 and wholly owned (99.99%) by Frankfurt-listed ProCredit Holding AG & Co KGaA. The bank serves more than 25,000 active clients across Ecuador, focused on small and medium enterprises (58% of credit portfolio), microcredit (34%), and private banking (7–8%), with a disciplined avoidance of consumer lending in favor of productive credit. Roughly 20% of the loan book is allocated to green assets via the EcoCredit line, which has disbursed over USD 193 million across 1,700+ sustainable investments since 2012, financed energy efficiency, renewable energy, sustainable agriculture, recycling, green-certified buildings, and electric vehicles.

The core technology platform is a fully digital stack comprising mobile banking apps on iOS, Android, and Huawei, a web-based Banca Directa e-banking portal, 24/7 Banca Telefónica, biometric digital-token authentication, AI-assisted video verification for onboarding, and cloud infrastructure on Windows Azure. The bank operates with no physical branches and routes 99.9% of transactions through digital channels, while accessing cash through Ecuador's interbank ATM network. Core products include the ProGreen Digital Account, FlexSave savings account (with market-leading interest rates), Fixed Term Deposits, FlexFund overdraft, Personal Investment Credit, Housing Credit (with preferential terms for EDGE/LEED/BREAM certified properties), EcoCredit green financing, Sperrkonto blocked accounts for German visa applicants, and a biodegradable corn-based Mastercard debit card linked to the UsalaParaTodo merchant discount community. Additional non-financial offerings include the ProCredit Charging Stations EV network launched in 2022.

The revenue model is anchored in net interest income from a USD 450–470 million credit portfolio (2021), supplemented by transaction-based fees from international wire transfers (USD 25–29 flat for USD transfers), Sperrkonto services, account maintenance, and certificate issuance, plus deposit spread on savings products. Go-to-market is direct-to-consumer via the app and digital channels, with enterprise clients served through the Banca Empresas platform with dedicated relationship managers. The bank is regulated under Ecuadorian supervision with parent oversight by BaFin and Deutsche Bundesbank, holds an AAA- domestic credit rating from BankWatch Ratings and PCR, and maintains ISO 14001:2015 certification alongside UN Global Compact and UNEP FI signatory status.

Name

ProCredit Ecuador Bank

Legal name

Banco ProCredit S.A.

Website

https://bancoprocredit.com.ec

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

ProCredit Ecuador Bank is a 100% digital, German-owned development bank serving 25,000+ SMEs, micro-entrepreneurs, and private clients in Ecuador, focused on productive lending and a 20% green-asset portfolio via mobile and web platforms.

Ownership category

akta.pro rank

Headquarters

HQ city

Quito

HQ country

Ecuador

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Interest Income from Credit Portfolio: The primary revenue stream comes from interest income on loans. Loan segments include: PyME (small and medium enterprise) comprising 58% of portfolio, microcredit at 34%, and private banking at 7-8%. Credit types include personal investment loans (from USD 10,000, 36 months, 13-15% annual rate), housing loans (up to 80% of property value, 15 years, 9-9.75% annual rate), green/EcoCredits for sustainable investments, and overdraft facilities (up to 2x monthly income, 13-14.4% annual rate).
2. International Transfer Fees: Revenue generated from international wire transfer services. The bank offers international transfers in USD (USD 25-29 flat fee regardless of amount and destination) and EUR with fixed exchange rate. Fees also includeISD (Impuesto Salida de Divisas) differentiated tariffs at 0%, 2.5%, or 5% depending on transaction type.
3. Deposit Taking and Savings Products: The bank accepts deposits through multiple products: ProGreen digital account, FlexSave savings account with market-leading interest rates, and fixed-term deposits (starting from 6 months). Deposits are primarily invested in sustainable/sustainable projects, with FlexSave showing growth of over USD 23 million. Interest paid to depositors represents a cost rather than revenue.
4. Service Fees and Commissions: Various banking service fees including account maintenance, certificate issuance, and other transaction-based charges. The bank publishes tariff schedules with differentiated rates for different services.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Banco ProCredit Ecuador is a 100% digital commercial bank operating in Ecuador as a subsidiary of Germany's ProCredit Holding. It offers savings and checking accounts (ProGreen, FlexSave, fixed-term deposits), credit products (personal investment loans, housing credit, FlexFund overdrafts, EcoCredit green financing), a biodegradable Mastercard debit card, USD/EUR international transfers, and a Sperrkonto blocked-account service for German visa applicants—all delivered through a fully digital channel stack with no physical branches.

Product overview

Banco ProCredit Ecuador operates as a 100% digital German bank offering an integrated platform of financial products for individuals and SMEs. The core offering centers on the ProGreen digital account which serves as the primary vehicle for all banking services, combined with the FlexSave savings account and Fixed Term Deposits for savings products. Lending products include Personal Investment Credit, Housing Credit with green housing options, and the specialized EcoCredit line for sustainable investments. The bank provides complete digital banking through Banca Directa and mobile apps, complemented by a biodegradable Mastercard debit card made from corn. Unique offerings include the Sperrkonto blocked account for German embassy requirements and ProCredit Charging Stations for EV owners. The product ecosystem is designed around sustainability principles with 58% of loans directed to the SME segment.

Differentiator

Problem solved

Functional benefit

Brands

• ProGreen: Digital savings and checking account with sustainable investment focus, where deposits are used to finance renewable energy projects and environmental measures. Features zero-paper transactions and eco-friendly debit card made from corn with recycled packaging.
• FlexSave
• FlexFund
• EcoCredit

Products and services

• ProGreen Digital Account A 100% digital checking and savings account for individual and SME customers in Ecuador that supports transfers, service payments and access to green credits, with deposits invested in renewable energy and environmental projects and delivered via a biodegradable Mastercard debit card.
• FlexSave Savings Account Flexible savings account for individuals and businesses offering the best interest rate in the market with no restrictions on amount or term, allowing customers to maximize returns while maintaining access to funds.
• Fixed Term Deposit (Depósito a Plazo Fijo) Long-term savings product with minimum 6-month terms offering secure, stable returns for individuals and businesses, backed by the ProCredit group's German banking supervision.
• FlexFund Overdraft Overdraft facility providing access to credit of up to two times monthly income for unexpected personal or business expenses, with a 13-14.4% annual interest rate.
• Personal Investment Credit Personal loan from USD 10,000 with terms up to 36 months and an annual interest rate of 13-15% for personal productive investment needs.
• Housing Credit (Crédito de Vivienda) Mortgage financing up to 80% of property value with terms up to 15 years and an annual interest rate of 9-9.75%, including green housing credits with preferential conditions for EDGE, LEED and BREAM certified properties.
• EcoCredit Green Financing Sustainable financing line for SMEs, businesses and individuals covering energy efficiency improvements, renewable energy installations, organic production, recycling, green buildings (EDGE/LEED/BREAM certified), and electric/hybrid vehicles, with extended terms and preferential rates.
• Mastercard Debit Card (Biodegradable) Biodegradable Mastercard debit card made from corn with recycled paper packaging, featuring contactless technology and access to the UsalaParaTodo partner merchant discount network; delivered via eco-friendly vehicles.
• Sperrkonto (Blocked Account) Blocked account service offered under partnership with the German Embassy in Ecuador, enabling fully digital account opening, fund blocking, certificate issuance in Spanish/German or English/German, and unlocks for German visa applicants (students, workers).
• Banca Directa (Digital Banking Platform) Web-based e-banking platform providing 24/7 nationwide access for account management, transfers, credit applications, certificates and other financial services without physical branch infrastructure.
• Mobile Banking App Full-featured mobile banking application available on Google Play, Apple App Store and Huawei AppGallery enabling complete digital banking, biometric authentication, video verification and account opening from any device.
• Banca Empresas (Corporate Banking) Dedicated business banking platform for small and medium enterprises offering specialized advisory, credit facilities and transaction services, with assigned relationship managers.
• International Transfer Services International money transfer and reception service including USD transfers at a USD 25-29 flat fee and EUR transfers with a fixed exchange rate, leveraging the German ProCredit group network and supporting ISD exemption processing for eligible transactions.
• ProCredit Charging Stations (EV Charging Network) Proprietary electric vehicle charging station network operated by the bank through a dedicated mobile app, enabling EV owners to charge their vehicles nationwide in line with the bank's sustainable mobility strategy.

Quantifiable outcome

• Over USD 193 million disbursed in 1,700+ sustainable investments over 10 years
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• GIZ (Cooperación Alemana - Deutsche Gesellschaft für Internationale Zusammenarbeit)coreStrategic or Co-development PartnerPartnership with German development cooperation agency GIZ for women's empowerment and gender-based violence prevention. Technical advisory from GIZ's 'PreViMujer' program supports implementation of two projects benefiting women entrepreneurs and business owners. The partnership provides digital, financial, and business management tools combined with gender violence sensitization and sustainable business development. Approximately 60 micro-entrepreneurs have participated so far.
• German Embassy in EcuadorcoreStrategic or Co-development PartnerSpecialized partnership offering Sperrkonto (blocked account) services required for German visa applications. The bank handles account creation, fund blocking, and certificate issuance entirely digitally. Certificates in Spanish/German or English/German available. Students and workers can manage blocked funds remotely and access monthly unlocks upon arrival in Germany. The embassy recommends ProCredit as a preferred provider for blocked account services.
• ImpaqtominorStrategic or Co-development PartnerPartnership for women's empowerment and sustainable business development programs. Collaborative initiative combining financial services with business development support for women entrepreneurs.
• UN Global CompactcoreStrategic or Co-development PartnerMember since 2017 of the UN Global Compact, committing to 10 principles including human rights, labor standards, environmental protection, and anti-corruption. Aligned with 8 Sustainable Development Goals (SDGs 5, 7, 8, 9, 10, 12, 13, 16).
• UNEP FI (United Nations Environment Programme Finance Initiative)coreStrategic or Co-development PartnerSignatory to UNEP FI Principles for Responsible Banking. Commits to aligning business strategy with societal goals including climate action, sustainable development, and environmental protection.
• USFQ (Universidad San Francisco de Quito)minorChannel Partner/ Reseller/ DistributorExchange and master's program partnership for international education services. Students can use ProCredit accounts and Sperrkonto services for study abroad programs.
• MastercardcoreTechnology or IntegrationCard network partner providing Mastercard debit cards. Cards feature contactless technology with sustainability attributes including corn-based biodegradable material and recycled paper packaging. All UsalaParaTodo discount benefits operate through Mastercard network.
• COSEDE (Corporación del Seguro de Depósitos)coreOthersEcuadorian deposit insurance corporation providing deposit protection coverage. Customers protected under COSEDE scheme for deposits up to coverage limits.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Banco Solidario: Ecuadorian microfinance-oriented bank focused on microenterprise and SME lending, similar to ProCredit's 34% microcredit portfolio share. Closest peer on microcredit product overlap and development-banking mission.
• ProCredit Bank Kosovo: Another ProCredit Group subsidiary with the same SME, green-finance, and digital-first model. Comparable on operating philosophy, regulatory supervision, and product structure to Banco ProCredit Ecuador.
• ProCredit Bank Serbia: Sister bank within the ProCredit Group operating under the same BaFin-supervised holding with the same development-oriented, SME-focused, digital-banking playbook. Most structurally comparable peer for benchmarking strategy, product mix, and group economics.
• Banco de la Producción (Produbanco): Major Ecuadorian commercial bank serving retail, SME, and corporate clients with both digital and branch channels. Direct competitor in SME lending and digital banking adoption in Ecuador.
• Banco Bolivariano: Ecuadorian commercial bank with a strong regional presence and SME/microcredit orientation. Comparable in focus on productive SME lending and similar client base to ProCredit's PyME segment.
• Banco ProCredit Colombia: ProCredit Group's Colombian subsidiary with a comparable SME-focused, green-finance, and digital channel offering. Closest regional peer; useful for benchmarking cross-border Andean expansion potential.
• Banco Internacional: Mid-sized Ecuadorian commercial bank focused on SME, corporate, and retail banking with growing digital capabilities. Comparable in scale and customer segmentation to ProCredit Ecuador.

Broad incumbents

• Banco del Pacífico: State-owned Ecuadorian commercial bank with nationwide coverage and a meaningful SME and payroll-loan portfolio. Overlaps with ProCredit in SME and development-oriented banking; different ownership structure but directly comparable product set.
• Banco Pichincha: Ecuador's largest private commercial bank with a nationwide branch network and full SME, retail, and corporate banking franchise. Most direct large-scale competitor to ProCredit in the Ecuadorian SME segment, though it competes via traditional branch-based delivery rather than a digital-only model.
• Banco Guayaquil: One of the largest private commercial banks in Ecuador with strong retail and SME presence and an expanding digital platform. Comparable in SME lending focus and deposit-taking; broader geographic footprint via branches.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BancoProCreditEcuador
• Instagraminstagram.com/bancoprocreditecuador

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 ProCredit Ecuador Bank