Ecuador's troubled banks helped precipitate the country's
financial problems in 1999 when the government defaulted on
more than $6 billion of international bonds. In the aftermath,
nearly all of what remained of the country's banks was
liquidated. The banking system became illiquid and in July 2001
Filanbanco, Ecuador's largest state bank, was shut down.
But Banco Bolivariano, Ecuador's fourth-largest private
sector bank, has managed to successfully navigate this
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.