Biess takes control of the Ecuadorian teachers unemployment fund

The Ecuadorian Teachers Unemployment Fund (FCME for its Spanish acronym) will be controlled by the Bank of the Ecuadorian Institute of Social Security (BIESS), this was notified in writing by the Superintendent of Banks, Christian Cruz. This resolution will take effect due to the...

Biess will lower interest rates to 6% without down payment

Under the new regulations, mortgage loans have lowered their interest rates. Biess authorities and ministries of the Economic Policy and Urban Development and Housing, yesterday announced new measures to mortgages. The Bank of the Ecuadorian Institute of Social Security (Biess)...

Biess will invest $ 750 million in government securities

Within its budget for this year, the Bank of the Ecuadorian Institute of Social Security (Biess), envisages the investment of $ 750 million in bonds to the public sector, issued by the Ministry of Finance, a figure that would exceed by $ 250 million the investment in 2014. Fausto...

Businessmen propose to buy the customer portfolio of Biess

According to Henry Kronfle, president of the Ecuadorian Business Committee, both national banks and foreign banks would be interested in acquiring the portfolio (loans) of the Bank of the Ecuadorian Institute of Social Security (Biess), by being highly profitable and of effective...

The Biess will rise the goal of credits for this year

The Bank of the Affiliate (Biess) will raise the mortgage goal for this year. The holder of the Directory of the bank, Victor Hugo Villacrés, announced that the company hopes to deliver this year $ 1,320 million in mortgages, 6% more than the originally planned. In mid-January,...

Oversight body will oversee transfer of pension funds to the Biess

A citizen oversight body will be responsible for overseeing the transfer of resources of the 68 additional public and private pension funds to the Bank of the Ecuadorian Institute of Social Security (Biess). The Council of Citizen Participation and Social Control, will try the...

The President of the Assembly confirmed she bought a house and called for respect

The publication of pictures and comments on the social networks of the new residence of the President of the National Assembly, Gabriela Rivadeneira (AP), in one of the valleys near Quito, made the authority clarify yesterday where she got the resources for the purchase. Several...

Directors are positioned today Biess

Gabriela Robalino Aguirre, former Secretary of the Ministry of Technical Coordination of Economic Policy, and Efrain Cazar Moncayo, former manager as Housing Bank shall be appointed today as leading members of the Board of the IESS Bank (Biess Board). The National Assembly will...
Posted On 14 Oct 2014