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As predicted by the Superintendence of Banks in last January, the contraction of the profits of private banks was even higher in February this year. In January 2013 the bank reported a decline in profits of 35%, while the value of last month rose to 44%. Fernando Quezada, banking...

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...

The Prosecution’s Office began yesterday, Monday, the preliminary investigations over the alleged money laundering in the Territorial Bank, which was suspended by the Banking Board over liquidity and solvency problems. Paul Ponce, Guayas provincial prosecutor, said that a...

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...

Leonidas Plaza Verduga, attorney of the main shareholder of the Territorial Bank, FrancescoZunino Anda, questioned the charges against the defendant and suspension of the financial institution. He said his client turned to family and friends to raise the funds he needed. During a...

The report on the financial condition of the Territorial Bank sent by the Superintendence of Banks and Insurance, caught the attention of the Prosecutor’s Office, which found possible links of that bank with money laundering activities between December 2012 and March 2013. On...

The picture on the outskirts of the Guayaquil Insurance Fund changed dramatically and now serves with more agility, the demand of hundreds of retirees who had their accounts in the Territorial Bank. Agustin Ortiz, regional director of the Ecuadorian Institute of Social Security...

After the Superintendent of Banks, Pedro Solines requested that shareholders of the Territorial Bank to cover the additional deficit of $ 17,774,137.97, until March 7, 2013 (the day before the Bank was closed), it is known over reports of irregularities in fundraising from the...

The Superintendence of Banks and Insurances (SBS for its Spanish acronym) hopes to finish today the rating of assets and liabilities of the Territorial Bank, which has suspended operations since last Monday by order of the Banking Board and, starting tomorrow, to meet with...

In an interview with Gamatv, Superintendent of Banks, Pedro Solines, explained that if the Territorial Bank fails to be sold in two weeks (deadline within the implemented resolution plan), the Deposit Insurance Corporation (CSD for its Spanish acronym) will begin paying the...