Quito from Banco Pichincha, Ecuador, who owns the brand in Colombia, Spain, the United States and Peru, has a profit of $120 million in 2021 It reached, and reported that it was more than double the revenue obtained in 2020. According to a statement released on Tuesday. Similarly, the bank's portfolio increased to $1.5 billion, up 21% year-on-year, and public deposits increased to $9 billion, an increase of 9% compared to 2020. This is the result announced at the shareholders' meeting last week, formulated as a special reserve to share 34% of 2021 profits with shareholders and capitalize the remainder (66%). In addition, in 2021, the share of the banking market in Ecuador will increase to 25.9%, 1.5 points higher than the previous year, and if we take into account cooperatives, this share will be 18.6%, 0.7 percentage points higher than in 2020 It's getting. The shareholders' meeting also approved a statutory amendment aimed at strengthening the functions of the Board of Directors and raising the authorized capital from $1.2 billion to $1.8 billion. In addition, Antonio Acosta Espinosa was re-elected along with other senior members of the Board of Directors. Chief FGG/JRH
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