With 700,000 customers, new Produbanco started operations in the country yesterday.

The sale of the majority stake of Produbanco to the Centro Americano Promerica Financial Corp. group (PFC), which began in late 2013, and concluded yesterday, began operating a single financial institution in the country. The brand began working with $ 3900 million in assets and...
Posted On 13 Oct 2014

Banco Sudamericano goes into liquidation

The Superintendency of Banks and Insurance of Ecuador ordered the liquidation of Banco Sudamericano SA, saying that there was “solvency problems and repetitive violations to the rules and laws in effect”. This information was disseminated through a statement that the...