Banking in Ecuador has a long history. At the time of the dissolution of Gran Colombia and its formation as a republic, Ecuador's economy was generally not monetized; gold and silver coins were circulated, and were brought into common use by successive currency laws.
Superintendencia de Bancos y Seguros : superban.gov.ec - Historia
(archived version of http://www.superban.gov.ec/pages/1_historia1.htm) Little by little, with the growth of the nation, Ecuadorian banking also grew and was particularly centered on the city of Guayaquil. After the The History of Ecuador: Rule of the Liberals, Liberal Revolution came a period called the Banking Plutocracy (''Plutocracia bancaria'') that was dominated by private banking, especially by the Commercial and Agricultural Bank of Guayaquil (''Banco Comercial y AgrÃcola de Guayaquil''). This period ended with the The History of Ecuador: Rule of the Liberals, July Revolution (''Revolución Juliana'') of 1925.
Major banks
The major banks today are the Banco Pichincha, Produbanco, Citibank Ecuador, Citibank and Banco de Guayaquil.
See also
*Economy of Ecuador
*Central Bank of Ecuador
References
{{Americas topic, List of banks in
Economy of Ecuador
Banks of Ecuador