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The bank performs the following important functions:
The bank through various monetary and financial instruments regulates the financial sector of the country by guarding the spending level and by having its hand on the competitiveness of the Ecuadorian exports on the other.
The bank from time to time has undertaken various steps to improve efficiency by continuously incorporating technology.
The address and contact details of the bank is as follows:
Address: Casilla 339 Quito ECUADOR
Tel.:++593-2-57 25 22
Fax:++593-2-95 54 58
In 2009, US trucking company YRC Worldwide faced ruin as it struggled to restructure its debt. With tens of thousands of jobs at stake, the Teamsters union, led by James Hoffa, accused some YRC bondholders of sabotaging restructuring negotiations by purchasing credit default swaps (CDS) on their debt. Read more
Isam al Khafaji,
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