BNFL

Name

BNFL

Legal name

Banco Nacional de Fomento, en Liquidación

Website

https://bnfl.fin.ec

Company type

Private

Founded year

2017

Operating status

Closed

Ownership category

akta.pro rank

Headquarters

HQ city

Quito

HQ country

Ecuador

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Revenue model

1. Financial Services Fees: As a bank in liquidation, BNFL generates revenue through service fees including payment certificates, non-indebtedness certificates, base query certificates, precautionary measure lifts, mortgage releases, collateral releases, and partial or total guarantee releases.
2. Debt Recovery: Collection and recovery management of loan portfolios as part of the bank's liquidation process.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

BNFL is a state-owned Ecuadorian bank in liquidation that provides debt resolution and settlement services to its existing customer base. Its core offerings include loan forgiveness processing under Executive Decree No. 383, payment agreements, multiple banking certificates (no-debt certificates, database status certificates), and collateral release services such as mortgage, pledge, and precautionary measure lifting. Customers access these services through zonal offices across Ecuador and remote channels including WhatsApp, telephone, and email.

Product overview

Banco Nacional de Fomento, en Liquidación is a state-owned financial institution in Ecuador undergoing liquidation. The institution offers a unified suite of financial services focused on debt resolution and settlement, including debt forgiveness under Executive Decree No. 383, payment agreements, various certificate issuance services (no-debt certificates, database status certificates), and collateral release services (mortgage lifting, pledge lifting, precautionary measure lifting). Services are delivered through physical branch offices in Quito, Guayaquil, Esmeraldas, Portoviejo, Quevedo, and Balzar, as well as remote channels including WhatsApp consultation and telephone support.

Differentiator

Problem solved

Functional benefit

Products and services

• Condonación Decreto Ejecutivo No. 383 (Debt Forgiveness Program) Government-mandated debt forgiveness program allowing eligible beneficiaries to have their loans with BNFL cancelled. Customers can verify eligibility by entering their Cédula (national ID) on the BNFL website.
• Convenios de Pago (Payment Agreements) Payment agreements allowing customers to settle outstanding debts with BNFL through structured payment arrangements.
• Certificados de No Adeudar (No-Debt Certificates) Official certificates confirming that a client has no outstanding debts with BNFL, required for various financial and legal transactions.
• Certificados de No Constar en Base (Database Status Certificates) Official certificates confirming that a client does not appear in any BNFL internal database records.
• Levantamiento de Medidas Cautelares (Precautionary Measure Lifting) Service to release precautionary measures that have been placed on client assets, enabling free disposal of those assets.
• Levantamiento de Hipotecas (Mortgage Releases) Service to release mortgages from property titles upon settlement of the underlying debt, allowing clear property transfer.
• Levantamiento de Prendas (Pledge Releases) Service to release pledged collateral (prendas) upon settlement of the associated debt.
• Consulta WhatsApp (WhatsApp Consultation Service) WhatsApp-based consultation service for client inquiries, allowing customers to receive guidance on BNFL services through the WhatsApp messaging platform at number 0996113680.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Superintendencia de Bancos del EcuadorcoreOthersRegulatory oversight entity for the banking sector in Ecuador. BNFL shares personal data with this authority as required by law for compliance purposes.

Scale indicators1 record

Direct peers

• BanEcuador: Ecuadorian state-owned bank that absorbed the original productive lending functions of Banco Nacional de Fomento. Most directly comparable as the institutional successor to BNF's pre-liquidation mandate, operating in the same development-banking niche within Ecuador.
• Banco del Pacífico: Major Ecuadorian state-owned commercial bank. Comparable as a state-controlled financial institution operating in the same Ecuadorian banking market under Superintendencia de Bancos oversight.
• Corporación Financiera Nacional (CFN): Ecuadorian state-owned development bank also in liquidation. Comparable in business model, status, and regulatory positioning as a state-owned development finance entity undergoing wind-down in Ecuador.

Broad incumbents

• Banco Pichincha: Largest private commercial bank in Ecuador with national coverage. Comparable as an incumbent full-service Ecuadorian bank providing certificates, loan servicing, and customer service across the same geographic footprint.
• Produbanco: Major Ecuadorian private commercial bank. Comparable as a full-service Ecuadorian retail and commercial bank operating in the same domestic market and subject to the same Superintendencia de Bancos regulatory framework.

Others

• Superintendencia de Bancos del Ecuador: Ecuadorian banking regulator under whose oversight BNFL operates. Comparable as the regulatory ecosystem participant that defines the compliance and reporting framework BNFL must follow during liquidation.
• Banco Central del Ecuador: Ecuador's central bank and regulatory authority. Relevant not as a competitor but as the macroprudential overseer and government counterparty in Ecuador's financial system, directly relevant to BNFL's wind-down process.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights4 records

Customer concentration

• Xx.com/BNFLiquidacion
• Facebookfacebook.com/banconacionaldefomentoenliquidacion

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 BNFL