Banco Pichincha C.A. announced that it expects to receive $50.1 million in funding.

Banco Pichincha CA is an Ecuador-based financial institution primarily engaged in the banking sector. The Bank's activities are structured in three areas: Personal Banking, Corporate Banking and Microfinance. Its services and products range includes saving and current accounts, credit and debit cards, consumer and commercial loans, real estate credit, mortgages and financial assessment, foreign currency exchange, investment advisory and cash management, among others. In addition, it offers life insurance through Seguros del Pichincha SA, as well as health insurance through Confiamed. The Bank operates a network of branches located in a range of countries, such as Ecuador, Peru, Spain, the United States and Colombia.