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Corporacion Financiera Nacional B.P. (Ecuador)

Main Activities: Commercial Banking
Secondary Activities: Securities, Commodity Contracts, and Other Financial Investments and Related Activities | Other Financial Investment Activities
Full name: Corporacion Financiera Nacional B.P. Profile Updated: July 03, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Corporacion Financiera Nacional B.P. is a public financial institution located in Guayaquil, Ecuador. Its mission is to promote the sustainable development of productive and strategic sectors in Ecuador through various financial and non-financial services aligned with public policies. As a development bank, CFN plays a key role as a strategic ally for programs and projects that contribute to environmental, social, economic, and financial sustainability. It encourages the implementation of best practices both internally and in the activities of its clients, promoting a high level of awareness regarding the impact of their operations. The institution's actions are guided by the programs of the National Government aimed at stabilizing and revitalizing the economy. CFN adapts to the challenges and standards of international agreements that emphasize the importance of supporting the transition towards sustainable finance and development. Throughout its institutional trajectory, CFN B.P. has consolidated its credit activity and reaffirmed its commitment to serving the productive sector, with a special focus on micro and small enterprises. It supports them through training programs, technical assistance, and the signing of inter-institutional agreements to promote productivity. The goal is to improve and highlight business management as a source of medium and long-term competitiveness.

Headquarters
Av. 9 de Octubre 200 int. Pichincha
Guayaquil; Guayas;

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Website: http://www.cfn.fin.ec/

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
Key Executives
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Chairman
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General Manager
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Manager
Subsidiaries
Casa de Valores del Pacifico S.A. (VALPACIFICO) (Guayaquil)
100%
Rocafuerte Seguros S.A.
100%
Seguros Sucre S.A.
99.9%
Company Performance
Financial values in the chart are available after Corporacion Financiera Nacional B.P. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net interest income
-16.13%
Net fee and commission income
N/A
Operating profit (EBIT)
-20.99%
Net Profit (Loss) for the Period
3.82%
Total assets
20.02%
Loans and advances to customers
21.58%
Deposits from customers
-24.04%
Total equity
17.58%
Total Assets Trend
16.22%
Net Interest Income Trend
-1.62%
Cost to Income Ratio
539.3%
Loans to Deposits Ratio
34.94%
Loans to Asset Ratio
0.33%

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