The Banking system warns of the rising cost of credit by 0.5% tax

César Robalino, President of the Association of Private Banks of Ecuador (ABPE for its Spanish acronym), said that the new measure under which is established the payment of the 0.5% for loans will result in “more expensive credit for the clients in general”. The...

Banking sector asks to meet with the Monetary and Financial Board

Members of the banking sector want to meet with Patricio Rivera, Coordinating Minister for Economic Policy, who shall chair the Monetary and Financial Board, the body that regulates the Ecuadorian economy. César Robalino, President of the Association of Private Banks of Ecuador...

Monetary Code Draft would endorse transactions only in dollars

Patricio Rivera, Minister Coordinator of Economic Policy, said the Monetary and Financial Code draft, which will be debated next week in the Assembly, “is not a tool to exit dollarization”. This clarification was made in response to Cesar Robalino, Head of the...
The Ecuadorian Business Policy Committee, chaired by Henry Kronfle asked the Government define alternative mechanisms to fund the Human Development Bond.

Businessmen Concerned About the Increase of the BDH with Banking Funds

Businessmen  and banking representatives declared to be concerned about the draft legislation sent by the Government to the National Assembly, which proposes to fund the increase of the Human Development Bond (BDH for it Spanish acronym) from $35 to $  50 with banking profits....