| Banco PyME Ecofuturo S.A. | |
| Type: | Public |
| Industry: | Banking, Financial services |
| Predecessor: | Ecofuturo S.A. (1999) |
| Parent: | FADES |
| Area Served: | Bolivia |
| Products: | Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, wealth management, credit cards, |
| Revenue: | Bs. 24.8 million (2023)[1] |
| Equity: | $59.6 million (2024) |
| Num Employees: | 1,403 (2024) |
| Foundation: | (as Ecofuturo F.F.P. S.A.) |
| Location City: | La Paz |
| Location Country: | Bolivia |
Banco Pyme Ecofuturo S.A. is a Bolivian financial institution that originated from Ecofuturo S.A. Private Financial Fund, founded in 1999. Ecofuturo was established through the collaboration of four Non-Governmental Organizations (NGOs) dedicated to supporting the development of micro and small enterprises in Bolivia.
Ecofuturo S.A. began its operations during a challenging period for the Bolivian economy, from 1999 to 2002, amid a national macroeconomic crisis. Despite initial financial difficulties, the institution achieved financial stability and sustainable growth in the following years.
In 2008, shareholder IDEPRO transferred all its shares to Fundación para Alternativas de Desarrollo (FADES), making FADES the primary shareholder of Ecofuturo.
In 2014, Bolivia's Financial Services Authority (ASFI) issued a resolution mandating the transformation of Ecofuturo S.A. into Banco Pyme Ecofuturo S.A., a transition that allowed the institution to expand its services. This transformation enabled Banco Pyme Ecofuturo to offer a broader array of financial products, including trusts, foreign trade services, guarantee bonds, and credit cards.
As of 2020, Banco Pyme Ecofuturo celebrated its 21st anniversary, providing comprehensive financial services focused on meeting the needs of its clients and maintaining a commitment to corporate social responsibility.
As of 2024, Banco PyME Ecofuturo offers its services through 136 Financial Care Points, in eight of Bolivias nine departments.[2] [3] Its financial services offered include: