Two years ahead of schedule, Banco Pichincha will profit from its operations in Spain. It operates since 2010 in that country as a commercial bank.
Jorge Marchan Riera, manager of Pichincha in Spain, told The New York Times, its assets doubled last year from 27 million to 63 million euros, approximately 84 million dolars.
Marchan said that currently there are 12 agencies in Spain and they aim to increase them to 20 in the course of this year. Its offices are now in: Madrid, Barcelona, Valencia, Alicante and Murcia.