Private Banking is expectant for the new 0.5% credit tax

The Monetary Code established the payment of 0.5% for those who access to loans from financial institutions. This amount will be used for integrative cancer care. This measure will take effect from next October 11 and maintains the industry in expectation. The text indicates that...

BCE with power to punish, according to Monetary Code

The Central Bank of Ecuador (BCE for its Spanish acronym) will sanction the financial institutions with fines up to $ 800,000, in the case that these undertake clearing or liquidation operations without authorization. The Monetary and Financial Code draft establishes so...