Question 1

What is Banco de Desarrollo del Ecuador?

Accepted Answer

Banco de Desarrollo del Ecuador (BDE) is Ecuador's leading public development bank specializing in financing pre-investment projects, infrastructure, public services provision, and works of social interest. As part of the Economic and Productive Sectorial Cabinet, BDE plays a central role in promoting the progress of local economies throughout Ecuador.

The bank operates as a second-tier development institution, primarily serving local governments (Gobiernos Autónomos Descentralizados) and public institutions. In recent years, BDE has also expanded into first-tier banking operations, providing direct financing for social housing projects.

Question 2

When was Banco de Desarrollo del Ecuador founded?

Accepted Answer

BDE was originally created on August 6, 1979, under the name Banco del Estado (Bank of the State). It began operations as an autonomous legal entity under private law with social and public purposes.

The institution underwent a significant reorganization following Executive Decree No. 867, signed on December 30, 2015. This decree transformed the entity into the Banco de Desarrollo del Ecuador B.P. (Development Bank of Ecuador), establishing it as a public financial entity with its own legal personality and administrative, financial, and budgetary autonomy.

Question 3

Where is Banco de Desarrollo del Ecuador headquartered?

Accepted Answer

BDE is headquartered in Quito, Ecuador. The bank maintains a decentralized operational structure with regional offices throughout Ecuador to better serve local governments and communities across all provinces.

This geographic distribution allows BDE to work closely with municipalities and autonomous governments in diverse regions, from coastal areas to the Andes and the Amazon basin.

Question 4

Where does Banco de Desarrollo del Ecuador operate?

Accepted Answer

BDE operates throughout the entire territory of Ecuador, with presence in all 24 provinces. The bank works in a decentralized manner to finance projects in every region of the country.

BDE's coverage extends to urban centers as well as remote and underserved areas. The bank particularly focuses on financing projects that bring health services, education, basic services, and quality infrastructure to all regions of Ecuador, respecting the nature and culture of different communities.

Question 5

What services does Banco de Desarrollo del Ecuador offer?

Accepted Answer

BDE provides comprehensive financial and non-financial services including pre-investment study financing, public investment project financing, institutional strengthening loans, and social housing financing through first-tier banking operations.

The bank offers technical assistance and advisory services to help local governments improve their institutional and financial capacities. BDE also administers infrastructure development trusts and provides knowledge transfer programs through workshops and capacity-building courses.

Digital services include online systems for clients to interact with the bank, submit project proposals, and track financing applications. BDE manages platforms like CrediBDE for credit applications and various client portals for document submission and project monitoring.

Question 6

What makes Banco de Desarrollo del Ecuador unique?

Accepted Answer

BDE is Ecuador's only public development bank exclusively dedicated to financing local development and public investment. It operates under the highest standards of integrity, transparency, and innovation.

The bank's commitment to sustainable development sets it apart, with projects designed to respect nature and the cultural diversity of Ecuador's communities. BDE has established itself as the main source of national financing for local development, with over 35 years of consolidated institutional and financial experience.

As a pioneer in social housing first-tier banking, BDE directly finances Vivienda de Interés Social (VIS) and Vivienda de Interés Público (VIP) projects, making homeownership more accessible to Ecuadorian families.

Question 7

What type of financial institution is Banco de Desarrollo del Ecuador?

Accepted Answer

Banco de Desarrollo del Ecuador is a Public Development Bank (Banco Público de Desarrollo). It operates as a second-tier bank primarily, though it has expanded into first-tier operations for specific social programs.

As a development bank, BDE is governed by the Organic Monetary and Financial Code and regulations issued by the Monetary and Financial Policy and Regulation Board. The institution functions with a development mandate rather than purely commercial objectives, focusing on projects that promote social and regional equity and sustainable development in Ecuador.

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