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The Superintendent of Banks, Pedro Solines, based on an article of the General Law of Financial Institutions, will be hiring a specialized company to audit Casa Tosi Stores. The financial review of Tosi will be made after the discovery of links with the Territorial Bank, through...

“The energy matrix is not sustainable unless we find more oil. By the year 2020, the country will collapse if we do not improve reserves and oil exploitation,” said President Rafael Correa, who defended an open bid to explore oil in the Amazon. The president recalled...

The inflation of March stood at 0.44%, and food and beverages were part of the group that contributed most to inflation. While in 2012, in the same month the inflation was 0.90%, as reported yesterday by the National Institute of Statistics and Census (INEC). Other items that...

Due to a supposed ‘media persecution’, after it was discovered some alleged anomalies in the Banco del Instituto Ecuatoriano de Seguridad Social (BIESS), two top officials resigned from their posts yesterday. Gustavo Abdo Lopez, who held the position of Trust manager and Javier...

The doubt arose within the 1,010 telephone operators that Ecuador has, by an article of law that could lead to different interpretations regarding profit sharing. In the current Constitution it states, “The State will participate in the benefits of the use of these...

The Superintendent of Banks and Insurances, Pedro Solines, announced yesterday that the administration of the shares and assets of Casa Comercial Tosi, from April 1, passed to being state property. “We took the administration of the shares and assets of Casa Tosi, over...

After three days of having started the process of returning deposits to savers of the Territorial Bank, as provided in the schedule established by the Deposit Insurance Corporation (COSEDE), the issues regarding the inconsistencies between the list of depositors and the amount...

Territorial Bank’s customers began receiving their deposits of up to $ 31,000 in the Pacific Bank agencies. Today, customers whose last digit of their identity card ended in 1 and 2 were attended. Outside the bank, ranks were made for three hours while customers awaited the...

At the Pacific Bank agencies and, in accordance with the schedule established by the Deposit Insurance Corporation (COSEDE for its Spanish acronym), clients of the recently closed Territorial Bank, with deposits up to $ 31,000, will begin to recover their money. The bank entity...

The Superintendent of Banks, Pedro Solines, announced last night, amid the conference developed by President Rafael Correa in Guayaquil, that the Banking Board (JB for its Spanish acronym) decided to implement the “Plan B” for the Territorial Bank, ie, they will opt...