Ecuador: Banking authorities suspend operations of Banco Territorial

Posted on March 18, 2013 • Filed under: Business, Ecuador

The Bank Board issued a statement on March 18, which provides for the suspension of operations of the Land Bank, for “solvency and liquidity problems.” Then the statement posted on the website of the Superintendency of Banks: The Banking Board communicates to customers LAND BANK Banco Territorial SA: That in order to adequately protect public deposits LAND BANK SA, pursuant to which such financial institution has been considerable unfeasible (sic), for solvency and liquidity problems, has ordered the suspension of operations. Read Article

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