Ecuador cbank sells bankrupt banks property assets

- Central Banking staff
- 12 Feb 2001

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The Ecuadorian Central Bank BCE (Banco Central del Ecuador) has put for sale the headquarters and branches of bankrupt banks, and will use he cash to settle loans made to the BCE to solve liquidity problems. Initially it is offering the assets to government related institutions, granted soft conditions to acquire the properties. The first real estate to be sold off is the building of the ex-Finagro at Babahoyo, bought by the tax income service SRI for US$1.24m.

SRI is also interested to acquire

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