Fidel Egas warned that Lasso is not the candidate of banking

Fidel Egas Grijalva

Today Fidel Egas Grijalva, the biggest shareholder of Pichincha Bank, rejected the announcement of the Government to increase the Human Development Bonus of $50 supported with the utilities of the private financial companies.

Egas warned that such proposal could “seriously harm” the country’s economy, he also added that Guillermo Lasso is not the guild candidate for the Ecuadorian presidency.

During an interview with ‘Democracy Radio’, Egas Grijalva warned President Correa that, “if he continues to handle things the way he has against the banks, and if he is going to create new taxes, if he’s going to punish us, we cannot answer our depositors for their resources and if we cannot answer, is better that he (Correa) clarifies the banking.”

The businessman dismissed that the current financial system was involved in the financial crisis of 1999 and added that the banking of Ecuador is the one with the less profits. AV