Investment fund representatives met with Assembly members

In the Swissotel of Quito, the representatives of 10 closed-end funds met with Assembly members to discuss possible actions to take in the event that the Assembly insists on transferring about $ 431 million of those funds to the Bank of IESS (Biess). Funds Representative...

Six months to submit audit of 54 pension funds

The Superintendency of Banks will have six months to submit the audit of the 54 copplementary pension closed funds. After this, the Monetary Board shall prepare a report to determine which will be administered by the Bank of the Institute of Social Security (Biess), announced...

Transfer of funds to Biess is being processed

The Superintendency of Banks will carry out audits in the next six months to 54 pension funds to define the state percentage (employer) and the private (participants) of each, and thus determine the amount that would go to the Bank of the Ecuadorian Institute of Social Security...

Hospitals warn trouble to receive public patients

The National Association of Private Clinics and Hospitals of Ecuador (Achpe for its acronym in Spanish), announced yesterday the inability to continue working with the National Health System, due to “a great delay in the payment process by the Ecuadorian Institute of Social...