Regulatory Alerts2024-01-01 | JPRM-2024-001-GJPRM-2024-001-G — Authorize the accounting reclassification of the Banco Popular Quito Main Building and Lot No. 10, Block No. 29, into the Central Bank of Ecuador's asset accounts
The Monetary Policy and Regulation Board authorized the Central Bank of Ecuador to reclassify specific real estate assets, including the Banco Popular Quito Main Building and a lot in Guayas, into its asset accounts. This decision was based on the Bank's request and technical reports demonstrating the necessity of retaining these assets under new measurement parameters. The Administrative and Financial General Coordination of the Central Bank of Ecuador is tasked with implementing this accounting reclassification effective upon the resolution's signature.
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