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Banco Economico S.A. (Bolivia)

Main Activities: Commercial Banking
Full name: Banco Economico S.A. Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Banco Economico S.A. is a financial institution founded on February 7, 1991, with a customer-centric vision. It was established as a long-term financial project with the main goal of creating a bank to serve small and medium-sized enterprises, contributing to the development of Santa Cruz and Bolivia. Since its inauguration, Banco Economico has experienced sustained and accelerated growth, often surpassing other banks in the Bolivian financial system in terms of proportional growth. The bank's diversified business is focused on high-growth markets and sees technology as a key competitive advantage. Corporate responsibility is inherent to its business model, promoting inclusion and financial education, as well as supporting research and culture.

Headquarters
Ayacucho N 166
Santa Cruz de la Sierra; Santa Cruz de la Sierra;

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Website: http://www.baneco.com.bo

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
May 16, 1990
Key Executives
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President of the Board Directors
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Vice President of the Board Directors
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Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
Ownership Details
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17.4%
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11.17%
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10.92%
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7.75%
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5.35%
Company Performance
Financial values in the chart are available after Banco Economico S.A. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BOB. Absolute financial data is included in the purchased report.
Net interest income
0.19%
Operating profit (EBIT)
-20.59%
Net Profit (Loss) for the Period
-18.15%
Total assets
6.85%
Deposits from customers
-56.15%
Total equity
3.95%
Total Assets Trend
1.81%
Net Interest Income Trend
-11.32%
Cost to Income Ratio
7.59%
Loans to Deposits Ratio
0.22%
Loans to Asset Ratio
0.92%

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