Regulatory Alerts2022-01-01 | JPRF-G-2022-057JPRF-G-2022-057 — Approves the Budget of the National Financial Corporation B.P. for the 2023 Fiscal Year
The Financial Policy and Regulation Board of Ecuador issued Resolution JPRF-G-2022-057 to formally approve the 2023 budget for the National Financial Corporation B.P. This approval is granted in the context of an ongoing merger process with BANECUADOR B.P. to create the Economic Development Bank of Ecuador, requiring efficient resource management. The resolution mandates the submission of the approved budget to the Ministry of Economy and Finance and the National Assembly within 30 days of issuance.
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