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This article highlights the concept of ethical banking and makes a comparison between some institutions that provide microcredit in Medellin and some representative institutions that practice ethical banking outside Colombia. It can be observed that the institutions that were part of the analysis in Medellin, met many of the parameters that are required for ethical banking. However, none of them meets the definition of negative ethical criteria, which refer to the participation of savers in the selection process of projects that will be financed with their deposits. That means compared to the international banks that were analyzed the institutions in Medellin are staying behind as they do not have and apply negative ethical criteria. [ABSTRACT FROM AUTHOR]