The Banco del Instituto Ecuatoriano de Seguridad Social (BIESS) announced on April 9 that its investment portfolio reached a historic average return of 9.08 percent as of March, the highest in its history. The total portfolio value stands at USD 28.626 billion.
This result marks a significant milestone for BIESS and reflects ongoing positive trends in fund profitability. According to the institution, increased lending activities—including personal, mortgage, and pledged loans—during the first quarter of the year contributed to this performance, with loan placements totaling USD 1.294 billion, representing an overall growth of 11.55 percent compared to the same period last year.
The bank also reported improvements in loan quality indicators. The overall delinquency rate stood at 6.35 percent, while mortgage segment delinquency was at 11.74 percent by March—among the lowest levels seen over the past six years.
According to BIESS, these results are due not only to strengthened credit risk management but also advances in recovery strategies that have improved both portfolio quality and borrower behavior.
BIESS said these figures consolidate its role as one of Ecuador’s main economic actors through efficient and planned credit allocation—a process that supports national economic activity under government policies led by President Daniel Noboa Azin.
The bank added that responsible management of pension funds has translated into sustained growth for social security resources and direct benefits for affiliates and retirees.
