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Ecuador
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Banco de Guayaquil S.A.

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Banco de Guayaquil S.A.

Headquarters
Calles Pichincha 105-107 y Francisco de Paula Ycaza; Guayaquil; Guayas
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Fiscal ID (RUC): 0990049459001
Fiscal ID (ISIN CODE ): ECP1003B1373
Incorporation Date: August 3, 2010
Total Employees: 1,280

Tel: +593-4-3730100

Company Description

Sociedad Anónima Banco Italiano was founded on December 20, 1923. In 1941, Ecuadorian capitalists acquired all its shares and changed its name to Banco Guayaquil. Its main objective is to develop proposals for banking and financial value. In 2011 the bank obtained the risk rating AAA. In addition, it is presented in Spain and Panama as well.

Company Analysis

According to the Consolidated - Audited financial statement for the first eight cumulated months of 2012, total net operating revenues increased with 17.04%, from USD 217,850.65 thousands to USD 254,974.12 thousands. Operating result increased from USD 83,628.96 thousands to USD 99,331.84 thousands which means 18.78% change. The results of the period decreased -22.09% reaching USD 28,024.23 thousands at the end of the period against USD 35,970.22 thousands last year. Return on equity (Net income/Total equity) went from 16.48% to 9.40%, the Return On Asset (Net income / Total Asset) went from 1.23% to 0.87% and the Net Profit Margin (Net Income/Net Sales) went from 16.51% to 10.99% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 971.04% compared to 1225.39% of last year.

Key Executives

Danilo Carrera Drouet President
Guillermo Lasso Mendoza Executive Presidente
Ángelo Caputi Oyague General Manager
Italo Cunto Icaza Administrative Vicepresident
Carlos Hahn Human Resources Vicepresident
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Balance Sheet

Total Assets

3,346,414

3,272,848

Total Liabilities

3,008,349

2,936,229

Shareholders Equity

333,569

333,595

* All the accounts are in USD.
Income Statement

Total Operating Revenue

58,299

31,029

Operational Profit (Loss)

24,127

12,955

Net Profit (Loss)

4,495

3,023

* All the accounts are in USD.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.13%

0.09%

Annualised Return on Assets (ROA)

0.78%

1.08%

Return on Equity (ROE)

1.35%

0.91%

Annualised Return on Equity (ROE)

8.1%

10.92%

Valuation figures and ratios

Enterprise Value / EBITDA

2,877,707.72

2,899,987.14

Bookvalue (BV)

338,065

336,619

Leverage Ratios

Leverage ratio

1,003.21%

981.08%

Debt to equity

901.87%

880.18%

Debt to total assets

89.81%

89.69%

Debt / Enterprise Value

104.54%

101.25%

Market ratios

Market Capitalization/EBITDA

11.20

21.64