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In an interview with El Telegrafo daily, Fausto Valencia, director of the Electronic Money Project of the Central Bank of Ecuador (BCE), clarifies doubts about the system. Valencia mentions that there are over 43,000 e-money accounts in the country, and to date there are about $...

The Superintendency of Banks has published the consolidated balance sheets of the system, which shows that at the end of May, the public obligations account has accumulated $ 26,010 million, slightly less than 26.141 million registered in April. The good news is that savings,...

The launch of Factoring International, a product that is focused on providing liquidity (cash) to entrepreneurs who export Ecuadorian products, was held yesterday. The chairwoman of the CFN, Maria Soledad Barrera, indicated that the new tool estimates to benefit 3 thousand...

The three months term granted by the Policy Board of Monetary and Financial Regulation finishes on July 1, so the eight largest banks in the country: Pichincha Pacifico, Guayaquil, Produbanco (Promerica), Bolivariano, Internacional, Loja and Rumiñahui comply with the enactment of...

A total of 1’351.989 users of the advanced mobile service (AMS) exercised their right of number portability between October 12, 2009 and March this year. According to the Ministry of Telecommunications, through this initiative the right of users is guaranteed, competition...

Beans Producers of Ibarra enjoy the support of 31 experts from the Ministry of Agriculture, Livestock, Aquaculture and Fisheries (MAGAP). Producers received a supply kit and certified seeds, the same that has a total cost of $ 374, plus an agricultural insurance with a $220...

The German shipping company Hamburg Sud, founded in 1871, which operates in Ecuador since 1970, will also do it now from Puerto Bolivar to Hamburg. Every Wednesday it will dock 1,100 containers of “banana and mashed bananas for the international market”. Minister of...

Falling oil prices strongly affect the State accounts. The latest report of the Central the Bank evidences losses by 2,096 million dollars. Ecuador’s total exports reached 6.423 million dollars between January and April this year; 24.6% less to what was sold in the same...

Private banks recorded a net profit of $ 131’565.000 between January and May this year, an increase of 7.8% over the same months of 2014 ($ 122’009.000). Banco Pichincha (25.14%), Pacifico (17.07%), Guayaquil (13.96%) and Internacional (10.33%) had highest profits of...

Ecuador will have its first cogeneration power plant that needs 1200 tons of organic and inorganic waste to generate 30 megawatts of electricity daily. The project is aimed to be built within 20 months in Quininde, province of Esmeraldas, in the Ecuadorian Coastal Region, for...