Biess marks 16 years with USD 57 billion in total credit disbursements

The Banco del Instituto Ecuatoriano de Seguridad Social (Biess) is celebrating 16 years of institutional operation. Since its inception in 2010, the bank's portfolio has grown from USD 2.9 billion to a projected value exceeding USD 30 billion by the end of 2026.

Over its 16-year history, the institution has disbursed a total of USD 57 billion in credits into the Ecuadorian economy. This includes 268,065 mortgage loans, 32,226,832 unsecured loans, and 2,664 mortgage-backed loans. For 2026, the bank is on track to reach a record placement of USD 5.8 billion.

The bank reports a historical high yield rate of 9.17%. Growth has been supported by government economic policies and initiatives such as Plan Credicasa, which has enabled over 1,500 families to access first homes with an interest rate of 2.99%.