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Filanbanco
Filanbanco was the largest bank in Ecuador. Founded in the city of Guayaquil, it went bankrupt in 2001 following the 1998-99 Ecuador banking crisis, banking crisis of 1998. Beginnings The bank was originally called La Filantrópica (The Philanthropist). Under the leadership of Pedro Isaías Barquet, La Filantrópica promoted the development of small industry, commerce, and agriculture, and became established as a strong and solvent financial institution. At the time of Isaías Barquet's death in 1960, the family decided to save the bank and inject it with capital. It was acquired in 1960 by the The Isaias Group, Isaías Group (''Grupo Isaías''), who decided to change its name to Filanbanco. They injected capital into the bank, aiming to provide Guayaquil with a bank that would further the expansion of the commercial and agricultural sector of the Littoral Region, whose trade in products like bananas and cacao was booming. The bank belonged to the Isaías family for three generat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Isaias Group
The Isaias Group ("Grupo Isaías") is an Ecuadorian pan regional entrepreneurial conglomerate with an interest in a vast range of sectors, the key industries being media, telecommunications and banking. The group, which owns more than 100 companies, is owned by three brothers, Roberto Isaias, William Isaias and Estefano Isaias. For decades, the group owned companies across several industries, including commercial, real estate, agroindustry, oil, and media. The three brothers led the group's growth and diversification since the 1980s. Background The Isaias Group was founded in the 1930 and since at least 1960 has been investing in the United States, mostly in real estate, business investments, and banking. In 1985, the group's bank, Filanbanco, was the sixth largest bank in Ecuador. By 1994, it had become the largest. Roberto served as executive president and William served as executive vice president until ownership of the bank was transferred to the Ecuadorian state. By 2006, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |