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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Banco Sudamericano goes into liquidation

Posted On 25 Aug 2014

superntendencia-bancosThe 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 agency placed this morning in its headquarters in Quito.

The Superintendency reported they are orchestrating the mechanisms defined in the law for the proper safeguarding of assets and liabilities of the bank in order to safeguard the deposits of Ecuadorians.

In the statement was also noted that in the coming days they will inform customers and creditors the way in which deposits and payment will be paid

Currently, police protection remains in the headquarters of the institution.

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