Territorial Closing will take one year and a half

According to the Territorial Bank’s liquidator, Carlos Espinoza, from one to one year and a half will take its liquidation since first, they would have to recover the loans granted by the bank, which closed its doors last month over solvency problems.

“That money that we collect, these positive amounts of the bank, will be used to cover refunds to depositors and investment policies,” said Espinoza on declarations to a local radio.

In addition, Espinoza revealed that 42 employees of the bank who lost their jobs, will be rehired to address some aspects of the liquidation process, such as the attention of claims, cross accounts, asset management, among other tasks.

Moreover, the bank’s former employees could not collect their payments yesterday, as offered by the Ministry of Labour Relations.

According to the liquidator, the transfer of $ 3 million to cover these assessments has already been made, so that between next Thursday and Friday, the former employees can access their money.

Former employees of the Territorial Bank could not receive their payments.