Biess investment portfolio reaches record $29.4 billion

The Banco Instituto Ecuatoriano de Seguridad Social (Biess) reported that its investment portfolio reached a record $29.4 billion as of August 2026, achieving a yield of 9.17%. This represents a growth of more than 30% compared to the annual average of $21.6 billion recorded between 2018 and 2023. This volume positions the institution as the largest entity within the national banking system.

Regarding credit operations, the Biess loan portfolio totaled $2,685.7 million between January and June 2026. This includes $263.3 million in mortgage loans, $2,342.3 million in unsecured loans (quirografarios), and $80.1 million in pledge loans (prendarios).

The institution has also implemented operational improvements to increase efficiency. Mortgage loan processing times have been reduced from over 200 days in 2021 to an average of 30 to 43 days. Unsecured loans are now transferred within a maximum of 48 hours. Additionally, in-person service wait times have decreased from 29 minutes in early 2025 to approximately 14 minutes in 2026.