2 former executives of Territorial Bank were sentenced to 8 years

Two former executives of the closed Territorial Bank, were sentenced to 8 years in prison on Monday, May 19, 2014, informed the Attorney General´s Office in its Twitter account. They were convicted on charges of bank peculation since April 10.  The penalty was imposed by the...

26 extradition proceedings are handled from U.S.

So far the National Court of Justice (CNJ for its Spanish acronym) handles 26 extradition processes from the United States; of these, 14 have already been submitted to the Department of State of that country and the rest is still waiting for information on Ecuador or an official...

Former Directives of the Territorial Bank were found guilty of embezzlement

After two days of hearing, and two failed previous court summons, the Fifth Criminal Court of Guayas declared former controlling shareholder of the extinct Territorial Bank, Pietro Z., and former manager Raul S, guilty of the crime of bank embezzlement. According to the...
The exteriors of the Territorial Bank

Two former directives of the Territorial Bank are called to trial

The temporary judge of the Provincial Court of Guayas, José Miguel Torres, ordered the judgment of two former directives of the Territorial Bank, an institution which is in a liquidation process. The lawyers of the accused of embezzlement  had until today to submit resources to...

Territorial Bank and Coopera are being investigated over exports to Venezuela

As reported by the Superintendence of Banking and Insurance (SBS), the closure of the Territorial Bank and the Coopera Savings and Credit Cooperative, have irregular links through Guayaquil companies Multiregi, Multisun, Ibicampus and Lemantec, of which the three first ones,...
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Judgment against Pietro Zunino over Territorial case

Last Thursday, the twentieth judge of Criminal Justice of Guayas, Ricardo Ramos, accepted the arrest warrant for Francesco Pietro Zunino Anda, major shareholder of the closed Territorial Bank, during the hearing for the crime of embezzlement, requested by prosecutor Juan Martinez...
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More than $ 50 million have been paid to former clients of the Territorial

Reports from the liquidator of the Territorial Bank, the process of returning to the depositors of the financial institution with values less than $ 31,000 continues, and in a statement by the Superintendence of Banks and Insurances (SBS) it was reported that “until today,...
Territorial Bank

Territorial Bank pays 90% of its clients

As indicated by Pedro Solines, Superintendent of Banks, until yesterday was payed 90% of the deposits to the clients of  the Territorial Bank, in compulsory liquidation, arround $ 50 million. As part of the report of the Economic Commission of the Assembly, Solines indicated that...