Deadline for the sale of Territorial Bank

The Banking Board and the Superintendence of Banks and Insurances (SBS for its Spanish acronym) today extended until 14:00 the deadline for interested institutions to present proposals in the buying of the Territorial Bank.

Meanwhile, customers trust that the Superintendence will keep its word and return the money from next week.

For economic analyst Eduardo Santos, regardless of whether a bank is sold or customers are paid their money, what matters is that the Superintendence must exercise greater control and stricter monitoring. “Long before the fateful 1999 (bank holiday) the La Previsora was closed, but there was not a follow-up in that case, an audit one, by the Superintendence.”

Territorial Bank 9 days ago when it closed its doors.