Banco Pichincha and Rabobank have renewed their strategic partnership, extending it until 2028 to support sustainable agricultural financing in Ecuador. Since the alliance began in 2019, more than 100,000 farmers and their families have benefited from the collaboration between Ecuador’s Banco Pichincha and Dutch bank Rabobank.
The partnership focuses on supporting the agricultural sector, which is vital for millions of families in Ecuador. Through Rabo Partnerships, Banco Pichincha has built a comprehensive agro-finance structure that goes beyond traditional credit models by providing technical assistance and tailored financial solutions for small and medium-sized producers.
Rabobank operates in over 40 countries as a major global player in agri-food banking. The partnership with Banco Pichincha aims to improve access to finance and promote inclusive growth through three main strategies: sustainability, digitalization, and data management.
Sustainability efforts include promoting responsible farming practices and strengthening value chains. Digitalization seeks to modernize transactions and financial services for rural areas. Improved data management will help design innovative solutions and move towards using artificial intelligence.
“Understanding the agricultural cycle deeply has allowed us—and will continue to allow us—to offer real solutions to those who work the land every day,” said Santiago Bayas, General Manager of Banco Pichincha.
Key milestones achieved through this alliance include creating an Agribusiness team in 2021; launching an Agricultural Visits Guide and integrating a Sustainability Score into risk management systems in 2022; consolidating value chains and developing a Good Agricultural Practices Manual for clients in 2023; expanding automotive machinery products and increasing financial solutions available through an Agro Library in 2024; and implementing new irrigation technologies for cocoa crops along with other technological advancements in agriculture during 2025.
Banco Pichincha’s agricultural loan portfolio reached $2.544 billion in 2025, up from $936 million in 2019. This figure now accounts for about 30% of all loans disbursed by Ecuador’s national financial system.
The continued cooperation between Banco Pichincha and Rabobank is intended not only to support responsible financing but also to strengthen value chains, improve conditions for producers, and build a more resilient rural economy. The renewed agreement is expected to drive further development toward a more sustainable and competitive agricultural sector in Ecuador.
