Banco Pichincha
0.22
PEN
-0.04
(-16.98%)
ISIN
PEP130004000
Return %
Stock
S&P 500
1Y
-16.03
14.20
3Y
-26.67
81.12
5Y
-38.72
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Renzo Ricci Cocchella
- Full Time Employees
- 902
- Sector
- Finance
- Industry
- Major banks
- Address
- Lima Peru
- IPO Date
- Nov 11, 1981
- Website
- pichincha.pe
- Similar Companies
- Business
- Banco Pichincha, operating in Peru as Banco Pichincha Peru and listed on the Lima Stock Exchange under the ticker BVL:BPICHC1, is a commercial banking and financial services institution that provides a comprehensive suite of retail, commercial, microfinance, and institutional banking solutions. Established in 1964 as Banco Financiero and rebranded as Banco Pichincha following its acquisition by the multinational financial conglomerate Grupo Pichincha (founded in 1906 and headquartered in Quito, Ecuador), the bank is headquartered in Lima, Peru, with international group operations extending across Ecuador, Colombia, Panama, the United States, and Spain. The company operates through four primary business segments: Retail and Personal Banking, Small and Medium Enterprise (SME/Pyme) Banking, Corporate and Commercial Banking, and Treasury and Institutional Banking. The institution provides a broad portfolio of financial products and services, including deposit and liquidity management solutions, such as non-interest-bearing checking accounts, interest-bearing savings accounts, high-yield digital accounts, term deposits, time certificates of deposit, and automated corporate payroll accounts; consumer credit and personal financing products, comprising personal unsecured loans, automobile financing, residential mortgages, and revolving consumer credit lines issued under global payment networks; business and corporate lending services, including working capital facilities, revolving credit lines, trade finance, letters of credit, bank guarantees, factoring, discount of trade bills, structured finance, and financial leasing; transactional banking and cash management services, encompassing electronic banking portals, automated supplier disbursements, billing and tax collection services, and international wire transfers; microfinance and entrepreneurship credit products designed for micro and small business capitalization; treasury and global market services, including spot foreign exchange transactions, currency derivatives, forwards, and fixed-income securities trading; and bancassurance products, comprising credit protection insurance, personal accident coverage, fraud protection, and health and life insurance policies offered in partnership with licensed insurance underwriters. In recent developments, Banco Pichincha has expanded its digital banking transformation through the continuous rollout of enhanced mobile and online banking platforms, integrating digital account onboarding, instant biometric authentication, and participation in nationwide interoperable instant payment ecosystems. The institution has strengthened its microfinance and SME financing footprint by partnering with international development institutions and multilateral organizations to secure dedicated credit lines for green lending, sustainable enterprise projects, and women-led businesses. Furthermore, the bank has executed balance sheet optimization initiatives through local bond issuances and capital management programs, upgraded its core technological and cloud infrastructure to improve operational efficiency, and modernized its physical branch network into hybrid, digitally assisted advisory centers across its operational territories.