The story
The "Banco Económico" emerged as a business purpose in December 1989 when a group of businessmen from the Santa Cruz region, Bolivia, linked mainly to productive and service activities, met with the concern of forming a long-term financial project, which, at from that region, expand to the rest of the country and later, abroad. In this way, Banco Económico S.A. was established. on May 16, 1990 in the city of Santa Cruz de la Sierra, beginning its financial operations on February 7, 1991.
From Wikipedia’s article on Banco Económico, shared under CC BY-SA 4.0.3