Number of banks reached 21.0 banks in 2019 in Ecuador, according to the National Central Bank. This is 16.7 % more than in the previous year.
Historically, number of banks in Ecuador reached an all time high of 23.0 banks in 2008 and an all time low of banks in. When compared to Ecuador's main peers, number of banks in Brazil amounted to 117 banks, 26.0 banks in Colombia, 68.0 banks in Panama and 14.0 banks in Peru in 2019.
Ecuador has been ranked 77th within the group of 140 countries we follow in terms of number of banks, 3 places behind the position seen 10 years ago.