Ecuador's Superintendency of Banks announced it is maintaining active supervision over the situation affecting Banco Pichincha’s system and has opened an administrative sanctioning process in connection with the incidents. It stated that client deposits and operations are safeguarded to preserve the stability of the bank and the national financial system. The Superintendency also pointed to system-wide indicators as of June 2025, including a solvency ratio above 13% against a 9% regulatory minimum, immediate liquidity above 21%, and non-performing loans of 3.2%, alongside sustained deposit growth. It noted that Banco Pichincha’s financial indicators exceed regulatory requirements, and warned that spreading destabilising misinformation may constitute the جرم of “financial panic” under Article 322 of Ecuador’s Comprehensive Criminal Code, punishable by five to seven years’ imprisonment, adding it is pursuing legal actions in relation to unfounded social media publications.
Superintendencia de Bancos de Ecuador 2025-08-04
Ecuador's Superintendency of Banks launches administrative sanctioning proceedings over incidents at Banco Pichincha
Ecuador's Superintendency of Banks is supervising Banco Pichincha and has started an administrative sanctioning process to ensure client deposits and operations remain secure. The bank's financial indicators, including a solvency ratio above 13% and immediate liquidity over 21%, exceed regulatory requirements. The authority warns against spreading misinformation, which could lead to legal action under Ecuador's Comprehensive Criminal Code for causing "financial panic."